-
Health Care Reform-November 2013
Posted on: November 19, 2013Categories: HR & ComplianceResponding to pressure from consumers and Congress, on Nov. 14, 2013, President Obama announced a new transition policy for 2014. Under the new policy, individuals and small businesses whose coverage has been canceled (or would be canceled) because it does not meet the ACA’s standards may be able to re-enroll or stay on their coverage for an additional year. However, this one-year reprieve may not be available to all consumers. Because the insurance market is primarily regulated at the state ...
-
Health Care Reform October 2013
Posted on: October 9, 2013Categories: HR & ComplianceThe Affordable Care Act (ACA) created a number of federal reporting requirements for employers and health plans. The additional reporting is intended to promote transparency with respect to health plan coverage and costs. It will also provide the government with information to administer other ACA mandates, such as the large employer shared responsibility penalty and the individual mandate. Supporting Documents: Click here to read the Legislative Brief Click here to read the Health Care ...
-
August 2013 Health Care Reform
Posted on: August 7, 2013Categories: HR & ComplianceBeginning Jan. 1, 2014, individuals and employees of small businesses will have access to insurance coverage through the Affordable Care Act’s (ACA) health insurance exchanges (Exchanges), which are also known as Health Insurance Marketplaces. Open enrollment under the Exchanges will begin on Oct. 1, 2013. ACA requires employers to provide all new hires and current employees with a written notice about ACA’s Exchanges. This requirement is found in Section 18B of the Fair Labor Standards Act ...