MARKETPLACE NOTICE REQUIREMENTS

Posted by on Aug 30, 2013 in Blog |

BACKGROUND The Affordable Care Act requires that employers must provide each employee a written notice for current employees and at the time of hire that explains their rights to enroll in the Exchanges/Marketplace. WHAT IS THE MARKETPLACE? The Marketplace is designed to help individuals find health insurance that meet their needs. The Marketplace offers the ability to find and compare private health insurance options. Open enrollment for...

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ACA Employer Mandate and Penalty Delayed

Posted by on Jul 8, 2013 in Blog |

Brokers and Clients, As you may have heard, yesterday the Treasury Department announced a one-year delay of the Pay or Play rules and the Pay or Play reporting requirements. Penalties for not offering coverage to full-time employees and dependents, and penalties for not offering affordable, minimum value coverage have been delayed until 2015.  This significantly impacts large employers (50+ employees) who have been in the decision making...

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Patient-Centered Outcomes Research Trust Fund Fee (PCORI)

Posted by on Jul 8, 2013 in Blog |

Over the past few months we have received several questions on what role a Third Party Administrator will play when it comes to PCORI Trust Fund Fee. This communication will summarize what PCORI entails, associated fees, Mid-American Benefits, Inc. role, and timeframes. Employers with effective dates of November 1, 2012, December 1, 2012, and January 1, 2013 must have their PCORI fees paid by July 31, 2013. Effective dates starting February 1,...

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