HR & Compliance

  • Additional Permitted Section 125 Election Changes for Health Coverage by

    Posted on: October 13, 2014Categories: HR & Compliance

    On September 18th, the IRS released Notice 2014-55, helpful guidance that will provide relief for employees that have coverage through an employer's group health plan but want to terminate coverage and enroll through the Health Insurance Marketplace (federal or state options).  Notice 2014-55 expands the list of approved qualifying events to include enrollment in the Marketplace during an open enrollment period or Special Election Period.  This development will primarily assist employees in no ...

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  • Overview of Grandfathered Plans (Part 2) by

    Posted on: October 9, 2014Categories: HR & Compliance

    HEALTH CARE REFORM PROVISIONS Which Health Care Reform Rules Do Not Apply to Grandfathered Plans? The health care reform law specifically exempts grandfathered plans from certain requirements of the law. Grandfathered health plans are not required to comply with the following health care reform provisions: Coverage of Preventive Health Services. Effective for plan years beginning on or after Sept. 23, 2010, group health plans and health insurance issuers offering group or individual health i ...

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  • October 2014 Health Care Reform by

    Posted on: October 8, 2014Categories: HR & Compliance

    With help from the IRS, effective for 2014, the Affordable Care Act (ACA) will provide premium tax credits to eligible individuals who purchase qualified health plan coverage through a health insurance exchange. The ACA also prohibits group health insurance issuers from applying any waiting period that exceeds 90 days. ACA’s 90 day waiting period requirement does not require an employer to offer coverage to any particular employee or class of employees, including part-time employees. It only p ...

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