From category archives: Newsline
GA-ACA Employer Provisions
Under the Patient Protection and Affordable Health Care Act, health insurance issuers are required to spend a minimum percentage of their premiums, called a medical loss ratio (MLR), on health care and health care quality improvement activities. Health insurance issuers that do not meet this minimum, which is at least 80 or 85 percent of their premiums, must pay a rebate to consumers.
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The Department of Health and Human Services on May 16 issued new guidance for states on
health insurance exchanges. In addition, HHS in conjunction with the Departments of Labor and Treasury, released an additional set of frequently asked questions regarding implementation of the summary of benefits and coverage provisions included in the health care law.
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The Department of Treasury and the Internal Revenue Service (IRS) recently issued three notices related to the health care law that address minimum value and information reporting on health insurance coverage. In addition, the Departments of Health and Human Services, Labor and the Treasury issued a separate bulletin regarding verification of access to employer-sponsored coverage.
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As part of the Employers for Flexibility in Health Care (EFHC) coalition, ABC submitted comments April 5 to the U.S. Department of Labor on the Patient Protection and Affordable Care Act (PPACA) to offer its suggestions on ensuring employer-sponsored coverage remains a competitive option for all employees, whether full time, part time, temporary or seasonal.
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The Departments of Labor, Health and Human Services and the Treasury recently issued a list of FAQs related to the Feb. 14 final rule implementing the provision on summary of benefits and coverage in the Patient Protection and Affordable Care Act.
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On Feb. 14, the Departments of Treasury, Labor and Health and Human Services issued final regulations regarding the summary of benefits and coverage and the uniform glossary for group health plans and health insurance coverage in the group and individual markets. The final regulations are effective April 16, 2012.
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The Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury in February issued a list of frequently asked questions (FAQs) regarding automatic enrollment, employer shared responsibility, and waiting periods under the Patient Protection and Affordable Care Act (PPACA).
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To help members make sure they are in compliance with the new requirements under the Patient Protection and Affordable Care Act (PPACA), or health care law, ABC is offering a 2012 compliance checklist.
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The Internal Revenue Service (IRS) in January offered additional guidance on a provision in the Patient Protection and Affordable Care Act that will require employers to report the cost of coverage under an employer-sponsored group health plan on each employee’s W-2 form.
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ABC, as part of the Employers for Flexibility in Health Care (EFHC) coalition, submitted comments on provisions in the Patient Protection and Affordable Care Act (PPACA) regarding the health insurance premium tax credit; eligibility determinations and exchange standards for employers; and the health coverage affordability safe harbor for employers.
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