Tip of the Day: Prepare for new CHIP requirements

President Obama last week signed the Children´s Health Insurance Program Reauthorization Act of 2009 (CHIP), a law that extends a federal program to provide health insurance to low-income children.

However, the law has implications for employers as well, as it gives states the option to provide a subsidy for employer-sponsored coverage to CHIP-eligible children, if the child's parent elects to receive it.