- Small Businesses and Self-Funding Medical Benefits
ACA “Pooled” Rates vs. Self-Funded Strategies There is a lot of talk about self-funded or level-level funded medical plans as a way for companies to save money on health benefits… […]
- Read More
- Employers and Ex-Military Employees Benefits
The Hampton Roads Metropolitan area probably has the highest percentage of ex-military employees in the nation. Ex-military employees typically do not elect to enroll in employer-sponsored health plans. This lowers […]
- Read More
Keeping You Informed
by Gregg Kennerly | Published Friday, July 2, 2010
We’ve developed this quick reference chart to help in your understanding of when various provisions of Health Reform take effect. As you can see, provisions affecting your Group Health Plan (GHP) must be included with your first contract renewal after 9/23/2010. Mandated changes for employers and health insurance carriers concerning coverage requirements and tax implications are slated for 2014.
Locally, Anthem has agreed to immediately begin allowing currently covered dependent children to continue coverage to age 26. Optima Health is studying the regulation and has indicated it will make a decision soon on how it will implement this extension of coverage. In any event, it will become effective on your first renewal following 9/23/2010.
We will continue to keep you updated as guidelines are issued by federal regulators. Please feel free to share this chart with your business associates and friends. Please call or email us with ANY questions.
|Insurer and GHP Reform||Insurer and GHP Reform||Tax Provisions|
|Effective on or after 9/23/2010