Browse our materials on the Affordable Care Act and check back for updates!
February 11, 2014
In issuing the final regulations for the Affordable Care Act yesterday, the Obama administration announced that organizations with 50 to 99 full-time employees will now have until January 1, 2016, to provide affordable coverage under the Employer Mandate. These organizations will still be required to report on employees and coverage in 2015, but penalties will not apply until 2016.
The administration also announced that employers with 100 or more full-time employees are required to offer coverage to just 70% of full-time employees in 2015, followed by 95% in 2016. Employers with fewer than 50 full-time employees are still not required to provide benefits. Read more here: U.S. Treasury press release.
November 15, 2013
President Obama announced yesterday that insurers can offer customers the option to renew their current plans for 2014, even if those plans don't meet the new health care reform requirements. This extension was added to address the number of Americans who have received cancellation notices from their insurance companies if those plans were non-compliant with the ACA. You can read more here: White House blog post.
Also – wondering what most school districts are doing to prepare for the Affordable Care Act? Check out the results from our latest survey! View Infographic
July 2, 2013
The Administration has announced they will delay the penalties for the Employer Shared Mandate by a year, giving districts more time to set up, test and adjust their reporting systems in preparation for full implementation in 2015.
You can read more about the recent changes here: Update on the Affordable Care Act
April 23, 2013
The IRS and U.S. Department of the Treasury held a public hearing on April 23 where representatives from more than 20 organizations expressed their concerns with the Employer Shared Responsibility regulations.
Representatives with an education background included individuals from the American Federation of Teachers and the National Education Association. The concerns covered a variety of topics, including determining the lookback period, allowing 95% to count as full coverage, reducing employee hours to avoid penalties and counting hours for education professionals.
You can read more on the public hearing here: Public Hearing
We're just scratching the surface of the healthcare regulations. Check out some of these great resources for more detailed information
Healthcare Reform Q&A for Employers: Got questions? Check out a whopping 370 FAQs on the Healthcare Reform. (Gallagher Benefit Services: January 31, 2014)
Making the 'Play or Pay' Decision: An informative article weighing the financial pros and cons of providing benefits or not. (SHRM: February 4, 2013)
School District Staying on Top of Health Care Changes: How one district is getting ready. (Examiner.net: June 6, 2013)