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Overview of Grandfathered Plans (Part 1)
Posted on: October 7, 2014Categories: HR & ComplianceThe health care reform law contains many provisions that affect the health coverage you provide for your employees. The extent of the law’s impact depends, in part, on whether you maintain a “grandfathered” health plan. Grandfathered plans can avoid a number of the health care reform provisions. This Legislative Brief provides an overview of grandfathered plans, including information to help you understand what makes a plan “grandfathered.” It also includes a summary of the health car ...
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Health Care Reform: Medicaid Q&A
Posted on: September 30, 2014Categories: HR & ComplianceMedicaid provides the foundation of health coverage for low-income individuals under the Affordable Care Act (ACA). Expansions to Medicaid under the ACA include establishing a national floor for coverage, eliminating the exclusion of adults without dependent children from coverage and providing states increased federal resources to fund the expansion of Medicaid. Who is eligible under the reform legislation? The ACA bases eligibility for Medicaid on income without regard to previous restricti ...
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PCORI Fee Amount Adjusted for 2014
Posted on: September 29, 2014Categories: HR & ComplianceThe Affordable Care Act (ACA) imposes a fee on health insurance issuers and self-insured plan sponsors in order to fund comparative effectiveness research. These fees are widely known as Patient-Centered Outcomes Research Institute fees (PCORI fees). On Sept. 18, 2014, the Internal Revenue Service (IRS) published Notice 2014-56, which provides the adjusted PCORI fee amount for plan years ending on or after Oct. 1, 2014, and before Oct. 1, 2015 (that is, 2014 for calendar year plans). For plan y ...