Countdown to U.S. health-care reform

A timetable for Canadian employers with workers south of the border
By Carol Buckmann
|Canadian HR Reporter|Last Updated: 07/13/2010

Canadian HR managers with responsibility for employee benefits in the United States need to be aware of major health-care changes in the U.S., coming into effect over the next eight years.

While employers aren’t currently required to provide health-care coverage, the U.S. is moving towards a system where larger employers will need to provide coverage with basic benefits to employees or risk having to pay a non-deductible penalty tax to the government.

Employers that provide very rich plans will also have to pay a penalty tax, which will help pay for health-care reform. Penalties will also be imposed on certain individuals who do not purchase health insurance.