Fidelity Investments:
Jeff Munn, Fidelity Investments (Photo: Business Wire)
| WHAT: | Â | Â | Â | Later this month, the US Supreme Court will issue its ruling on the Patient Protection and Affordable Care Act, commonly called the health care reform law, and its impact on American employers is enormous. Â Failure to comply with the provisions could result in millions of dollars in fines for companies. Â The Court could reach 3 possible outcomes: |
1. The law is upheld – companies must quickly meet all 2013 deadlines or face massive financial penalties | ||||
2. The law is struck down – employers will need to consider changes already made to plans, such as dependent coverage to age 26 | ||||
3. The law is partially upheld – most complex; employers need to carefully assess decision while meeting remaining deadlines | ||||
| Â | ||||
| WHO: | Jeff Munn, VP, benefit policy development, Fidelity Investments  Munn leads Fidelity's benefits policy team in Washington, DC, and has more than 20+ years benefits industry experience working with Fortune 500 employers and health plans. | |||
| WHEN: | MUNN IMMEDIATELY AVAILABLE FOR PHONE AND BROADCAST INTERVIEWS | |||
| Â | ||||
VIDEO OF | To view a short video of Munn discussing the issue, click: Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50310476&lang=en | |||
| Â | ||||
ARTICLE AVAILABLE: | For more on the possible impact of the law on employers, including the 3 potential outcomes, click here: What Employers Can Do Now. | |||
| Â |
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
Fidelity Investments Institutional Services Company, Inc., 100 Salem St., Smithfield, RI 02917
618093.1.0
© 2012 FMR LLC. All rights reserved.
Contacts:
Fidelity PR
Mike Shamrell, 617-563-1996
michael.shamrell@fmr.com
or
Fidelity
Corporate Communications, 617-563-5800
fidelitycorporateaffairs@fmr.com
