Last week, the Departments of Treasury, Labor and Health and Human Services issued final regulations regarding the Summary of Benefits and Coverage (“SBC”) Rules under the Affordable Care Act. The final rules are significantly better than the proposed rules. However, many provisions in the final rules are still drafted in terms of individual policies. Converting [...]
From the KT Health and Welfare Team: The Departments of Labor, Health and Human Services and Treasury recently released yet another page from their Affordable Care Act playbook. The guidance gives a preview of upcoming regulations concerning the employer penalty, the 90-day waiting period and automatic enrollment under the Affordable Care Act. One important piece [...]
The HSA minimum deductible, a benchmark for comparing HSAs with traditional PPO plans, will rise to $2,500 family and $1,250 individual in 2013, the first increase in the past 3 years, according to former Treasury official Roy Ramthun who makes the annual estimate using near-final government data. A statutory technical freeze on the rise for [...]
The Wall Street Journal (2/17, Hobson) “Health Blog” reports that the Department of Health and Human Services has announced that it will postpone the deadline for ICD-10 implementation. The Hill (2/17, Pecquet) “Healthwatch” blog reports that HHS Secretary Kathleen Sebelius said, “We have heard from many in the provider community who have concerns about the [...]
From the KT Health and Welfare Team: This morning HHS, DOL and Treasury announced two important rules – final SBC regulations and additional information regarding the automatic enrollment and employer penalty requirements. Summary of Benefits and Coverage (SBC) As noted during a prior update, the agencies have delayed the application of the final SBC rules [...]
Technical Release No. 2012-01 Frequently Asked Questions from Employers Regarding Automatic Enrollment, Employer Shared Responsibility, and Waiting Periods February 9, 2012 Introduction Many provisions of the Patient Protection and Affordable Care Act (Affordable Care Act) that become effective beginning in 2014 are designed to expand access to affordable health coverage. These include provisions for [...]
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