2010 Patient Protection and Affordable Care Act
On March 23, 2010, President Obama signed into law the health care reform bill, the Patient Protection and Affordable Care Act (PPACA). This legislation, along with the Health Care and Education Reconciliation Act of 2010, makes sweeping changes to the U.S. health care system. Though many changes will be implemented over the next several years, some changes take effect in as little as six months from enactment.
As the face of health care reform evolves and provides new answers and clarity for employers and employees, we will continue to provide updated information. The following Updates will help you to prepare for the upcoming changes.
PPACA - What You Need to Know
This summary lists the immediate actions health care plan sponsors need to take prior to the first day of the plan year beginning on or after 9/23/10.
PPACA - Employer Plan Notices
Are you aware of the provisions that require notices to be provided to plan participants? This outline will provide you with model notices to meet these requirements.
Health Care Reform: What Does It Mean for You?
This article addresses how you, as an employee, will be affected by the recently passed health care reform legislation.
Extension of Dependent Coverage to Age 26
Health-care coverage must be made available to qualifying young adults up to age 26 whose parents carry private group or non-group health coverage. Read more to determine who is eligible, when coverage begins and more.
IRS Guidance on the Small Employer Health Care Tax Credit
The PPACA provides a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Learn more about this Notice and which employers are eligible.
Health Care Reform Timeline
This Legislative Brief provides a timeline of the implementation of key reform provisions that affect employers and individuals.
Medicare Part D - Changes in Annual Election Period
Starting in 2011, the Medicare Part D Annual Coordinated Election Period runs from October 15th through December 7th of each year, as provided by Section 3204 of the Patient Protection and Affordable Care Act. Prior to 2011, the Annual Coordinated Election Period ran from November 15th through December 31st of each year. This Legislative Brief provides specifics on when notices must be provided and a link to model Disclosure Notices.
NEW! Delayed Compliance Date for Summary of Benefits and Coverage
This Legislative Brief discusses how the PPACA requires plans and issuers to distribute a summary of benefits and coverage (SBC) to applicants and enrollees. On November 17, 2011, the Department of Labor (DOL) issued a set of Frequently Asked Questions that addresses when plans must start providing the SBC. The DOL provides that plans and issuers can wait to start providing the SBC until after the final regulations are released. Thus, the March 23, 2012 deadline no longer applies.
If you have an immediate question on health care reform, please email Ann at ahutson@kinneypike.com.