The Department of Labor this week posted their fourth FAQ on the implementation of the “grandfathered plan” rule in the Patient Protection and Affordable Care Act. You can see a summary of the third FAQ on our website. The FAQ addresses three questions regarding how an employer plan can maintain its grandfathered status despite making… Read more »
Posts Categorized: Health Care
Fears over the high cost of creating and running the state-based health care exchanges has prompted the Department of Health and Human Services to fund the creation of exchange prototypes. Dubbed “Early Innovators”, the program will select five state proposals to create an exchange and grant an unspecified amount of money to them to help… Read more »
The Obama administration this week issued additional guidance on the so-called grandfathered health care plans, but that guidance failed to address the cost issues ASAE raised in its comments.
The IRS last month released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file returns next year. The draft of Form 8941 is posted on the IRS website. Both small businesses and tax-exempt organizations will use the form… Read more »
Today (September 23) is the six month anniversary of the passage of the Patient Protection and Affordable Care Act (PPACA). Beginning today, the following provisions from the law are in effect: For all health care plans: Insurers cannot deny coverage to children because of a pre-existing condition. Insurers cannot place lifetime limits on benefits. Insurance… Read more »