Affordable Care Act FAQ

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Affordable Care Act FAQ"

Transcription

1 Affordable Care Act FAQ Based on regulatory guidance issued as of March 2014 and subject to change. Contents General ACA Questions... 1 ACA Marketplace... 1 ACA Employer Shared Responsibility... 2 ACA Individual Mandate (Shared Responsibility for Individuals)... 3 Medical Loss Ratio (MLR) Rebates... 4 Summary of Benefits and Coverage (SBC)... 4 Notice of Marketplace... 4 Non-Discrimination Testing Requirements... 5 Worksite Employees Enrolling in New Marketplace Coverage... 5 General ACA Questions How will the ACA impact TriNet clients in the next year? Some of the ACA provisions that will impact TriNet clients in the next one to two years include: Maximum benefits waiting period of no more than 90 days Overall limit on cost-sharing including deductibles, copayments and other out-of-pocket charges Requirement to distribute a Marketplace Notice Additional Medicare payroll tax on high wage earners New fees that will impact premiums including the Patient Center Outcome Research Institute Fee, Health Insurer Fee and Transitional Insurance Fee Where can TriNet clients find information about the ACA? TriNet maintains an ACA microsite, TriNet.com/affordablecareact, to share information about how the ACA will affect companies and how TriNet will support compliance with ACA health plan design, reporting, communication and eligibility requirements. Current topics on the ACA microsite include: Summary of Benefits and Coverage (SBC) distribution requirements Reporting the value of company-sponsored health coverage on Form W-2 Maximum benefits waiting period limitations Additional Medicare Tax for high wage earners Status of nondiscrimination testing requirements TriNet medical insurance carriers have also established comprehensive ACA microsites. You can find more information by visiting their sites directly. ACA Marketplace What is a Marketplace (formerly known as the Exchange) and how does it work? The Marketplace will allow individuals to shop for insurance plans. Low income individuals may be eligible for a premium tax credit, or subsidy, for insurance coverage obtained through the exchange. Some states will choose to run their own exchanges, some will partner with the federal government, and some will allow the federal government to run the state exchange. Who may be eligible for a subsidy through the Marketplace? The subsidy may be available on a sliding-scale basis depending on an individual s household income, family size, and the availability or affordability of employer provided coverage. Generally, individuals whose household incomes are between 100% - 400% of the Federal Poverty Level (FPL) (e.g., $11,490 - $45,960 for an individual in 2013) may be eligible for the subsidy. Individuals whose income is below 100% of the FPL can apply for expanded Medicaid and are not eligible for Marketplace subsidies. If a client s worksite employees would qualify for a subsidy, why would a client continue to offer TriNet medical coverage? Eligibility for the subsidy is a complex determination and depends on several factors, such as the worksite employee s total household income (for the tax year that ends two years prior to his or her enrollment period) and whether client coverage is considered unaffordable for that individual under ACA. Therefore, even though the worksite employee may earn between 100% and 400% of the FPL, he/she still may not be subsidy eligible merely based on total household income. Even if a worksite employee qualifies for a subsidy, the choice of medical plans and premiums will vary significantly depending on the state of residence. Many states may have a limited selection of insurance carriers and plan designs, and worksite employees might end up paying more for coverage that may not fit their needs. TriNet will continue to offer worksite employees a comprehensive lineup of medical benefits plans from national and regional carriers. More u 1

2 Finally, Marketplace medical plan premiums (not covered by the subsidy) would be paid for on an after tax basis. Thus, worksite employees would lose the ability to pay for medical premiums using pre-tax dollars. Can a client contribute towards coverage a worksite employee purchases through a Marketplace? There is currently no ability to utilize the traditional methods for making pre-tax contributions on behalf of worksite employees in order to pay for Marketplace medical plan premiums. Clients may choose to increase the WSE s compensation, for example by providing a bonus, as an indirect method of contributing towards Marketplace coverage. This compensation would be taxable income, and there would be no way to confirm that the WSE will use the payment to purchase Marketplace coverage. ACA Employer Shared Responsibility Please refer to the ACA microsite Relevant Now section for more information about the delay in the large employer shared responsibility penalty until What is the ACA employer responsibility provision, also known as the pay or play requirement? Beginning in 2015, certain large employers may be subject to a tax penalty if a full-time employee receives a premium tax credit or costs sharing subsidy through a Marketplace and the company: failed to offer minimum essential health care coverage to at least 70% of its full-time employees and their dependent children up to age 26 (increases to 95% of full-time employees for plan years that begin in 2016); or failed to offer eligible employer-sponsored coverage that is affordable (i.e. employee premium exceeds 9.5% of the employee s household income, or using one of three IRS safe harbors) and/or does not meet minimum value (i.e. the plan s share of the total allowed cost of benefits is not at least 60%). How will a TriNet client determine if it is a large employer subject to the ACA employer responsibility provision? Based on regulatory guidance issued to date, each TriNet client will look at its worksite Full Time Equivalent ( FTE ) count for purposes of determining applicability of the ACA employer responsibility provision. This ACA provision will generally apply to companies with 100 or more FTEs starting in To determine 2015 large employer status, a company may use employment data from a consecutive 6-month period during 2014 or the full 12 months. Starting in 2016, the FTE threshold for large employer status drops to 50 or more FTEs during the prior calendar year. Who will calculate the FTE count? TriNet does not have all of the information required to perform the FTE calculation for the client, including controlled group, predecessor employer and seasonal worksite employee information. Therefore, the client will be responsible for performing the calculation. Does the TriNet worksite employee benefits eligibility requirement align with the ACA full-time employee definition? Yes. Under the ACA, full-time employees are those who, with respect to any month, work at least 30 hours per week. Client worksite employees that work 30 hours per week are eligible for TriNet medical plans, in compliance with the ACA requirement. By offering TriNet benefits, will a client automatically meet the ACA requirement to offer minimum essential health care coverage to all full-time worksite employees and their dependents? Not necessarily. TriNet clients are responsible for inputting the status code that designates which worksite employees are regular, full-time employees (working 30 or more hours per week) and therefore eligible for TriNet benefits. So it is very important that clients input a correct status code for each worksite employee. If the client correctly classifies its worksite employees, then the client will meet the ACA requirements to offer minimum essential health care coverage. TriNet is currently reviewing ACA requirements to determine if additional reporting capabilities or tools are required to assist clients in accurately classifying worksite employees in the TriNet payroll system, including variable hour worksite employees, and auditing hours for worksite employees classified as part-time. Will worksite employees have access to a TriNet medical plan that meets the minimum value requirements? For plan years beginning on or after October 1, 2014, all of the TriNet medical plans will meet or exceed the minimum value requirements. If a client offers TriNet medical benefits, all of its worksite employees will have an opportunity to elect a TriNet medical plan that meets this requirement, regardless of the client s total FTE count. How will TriNet or the client determine the worksite employee s household income for purposes of calculating if the worksite employee s premium exceeds 9.5%? Because household income is determined by variables unknown to an employer, the IRS has issued guidance that allows employers to base the affordability calculation on 9.5% of the worksite employee s income by using one of three safe harbor definitions. 2

3 Does the 9.5% affordability requirement apply to the worksite employee s portion of employee-only premium, or the employee + dependent(s) premium? The affordability requirement only applies to the employee-only premium. It does not apply to spouse or dependent premium. Will all worksite employees of large employer clients that offer TriNet medical benefits have access to elect a TriNet medical plan that does not exceed 9.5% of the worksite employee s income? The client is only required to offer one medical plan that meets the affordability requirement. We are currently considering how TriNet will support clients in complying with the affordability requirement, utilizing one of the safe harbor definitions of worksite employee income. TriNet will communicate with the clients during the BIS. In the event that a full-time worksite employee is not offered one medical plan where the employee- only medical premium does not exceed the 9.5% threshold and that individual obtains a subsidy through the Marketplace, which entity is responsible for the ACA $3,000 penalty? The client will be responsible for paying the ACA shared responsibility penalties, including penalties for offering nonaffordable plans or not offering medical coverage to all worksite employees that meet the ACA s full-time employee definition. Can a client prevent a full time worksite employee from obtaining insurance through a Marketplace? No, an employer may not prevent an employee from obtaining insurance through a Marketplace. If a client is classified as an ACA large employer, will TriNet or the client be responsible for submitting the health insurance reporting requirements to the IRS? The IRS has released draft forms and instructions on health insurance reporting requirements applicable to large employers. TriNet is reviewing the draft forms and instructions, but doesn t expect to determine which entity will be responsible for filing the report until after final forms and instructions are issued. Regardless of whether TriNet or the client is required to submit the report, TriNet intends to support our clients and make the required TriNet medical coverage data accessible. ACA Individual Mandate (Shared Responsibility for Individuals) What is the ACA shared responsibility for individuals, also known as the individual mandate? Beginning in 2014, taxpayers (with limited exemptions) will be assessed a shared responsibility penalty for any months during which they or their spouse or dependents lack minimum essential coverage. Because this tax penalty has the effect of requiring individuals to have coverage or pay a penalty, this ACA provision is commonly referred to as the individual mandate. Will all of the TriNet medical plans meet the individual mandate s minimum essential coverage standard? Yes. All of the TriNet medical plans meet the minimum essential coverage standard. A worksite employee that elects a TriNet medical plan will comply with the ACA individual mandate for each calendar month in which the employee, spouse and dependents are covered. Which individuals are exempt from the requirement to obtain minimum essential coverage? There are nine statutory exemptions from the individual mandate requirement, as listed below. TriNet recommends that a worksite employee consults with a tax advisor or accountant to determine if an exception applies to that employee and/or to his or her dependents (if any). Religious conscience: A member of a religious sect recognized by the Social Security Administration as conscientiously opposed to accepting any insurance benefits. Unaffordable coverage: The minimum amount that must be paid for premiums is more than 8% of household income. Hardship: The Health Insurance Marketplace has certified that an individual has suffered a hardship that makes him or her unable to obtain coverage. Health care sharing ministry: A member of a recognized health care sharing ministry. Indian tribes: A member of a federally recognized Indian tribe. No tax filing requirement: An individual whose household income is below the minimum threshold for filing a tax return. Short coverage gap: An individual who went without coverage for less than three consecutive months during the year. Incarceration: An individual who is incarcerated in a jail, prison, or correctional facility. Not lawfully present: An individual who is not a U.S. citizen, a U.S. national or an alien lawfully present in the U.S. 3

4 Medical Loss Ratio (MLR) Rebates Please refer to the ACA microsite Relevant Now section for more information about the Medical Loss Ratio Rebates. What is the Medical Loss Ratio and the ACA rebate requirement? As part of the Affordable Care Act, Congress set MLR benchmarks for insurers to help ensure that a certain proportion of premium dollars are being spent towards clinical services and health care quality improvement. The MLR requirements set forth in the law requires that health insurance companies spend 80 to 85 percent of health care insurance premiums on health care services versus administrative and overhead costs. The MLR requirement is calculated on a state by state basis for each calendar year. If an insurance company fails to meet the requirement, it will have to issue rebates to policyholders or subscribers to cover the shortfall. Will TriNet or the insurance carrier notify clients or worksite employees if the carrier does not meet the MLR requirement? The insurance carrier will send notification to worksite employees enrolled in the TriNet group medical plan if it does not meet the MLR requirements for a calendar year. Notice will be sent no later than August 1 of the following calendar year. Enrollees will be directed to contact TriNet if they have any questions about how the rebate will be used. If the insurance carrier meets or exceeds the MLR requirement, a notice will be included in the certificate of coverage. Separate notification will not be sent directly to a participant if the carrier meets or exceeds the MLR requirement. If an insurance carrier issues a rebate, what will happen with the rebate money? TriNet will use all rebate money to reduce medical premiums for the group health insurance plan in an upcoming plan year in order to help keep costs down and continue to provide quality coverage. Summary of Benefits and Coverage (SBC) Please refer to the ACA microsite Relevant Now section for more information about the SBC requirement. What is the SBC? The SBC is a standardized plan comparison tool intended to help individuals more easily review the main cost-sharing and coverage features of a given medical plan. The SBC information must be presented on a government-required template that is four pages long (double-sided) and include plan-specific information that describes the plan s benefits and cost-sharing provisions, mainly in chart form. The goal of the template is to make it easier for an individual to compare, for example, his or her company-provided plans to a spouse s employer-provided plans and individual plans. When will worksite employees receive the SBC? The final regulations published in February 2012 require that the SBC and Uniform Glossary must be provided to participants and beneficiaries: before the first day of the first open enrollment period that begins on or after September 23, 2012 and, to participants and beneficiaries that are newly eligible for coverage beginning on the first day of the first plan year that begins on or after September 23, How will worksite employees receive the SBC? TriNet will post the SBCs online, and send the SBC by postal mail upon request. Notice of Marketplace What is the Marketplace Notice? The ACA requires employers to provide all new hires and current employees with a written notice about the Marketplace, the services provided by the Marketplace, eligibility for subsidized coverage, some of the consequences if an employee decides to purchase a qualified health plan through the Marketplace in lieu of company-sponsored health coverage and basic information about the company-sponsored plan, etc. The notice requirement was originally scheduled to go into effect March 1, 2013, but was postponed until final regulations were issued on May 8, The Department of Labor also issued a model notice for employers that do not offer a health plan and another model notice for employers that offer a health plan for some or all employees. Who must receive the notice? Companies must provide the Marketplace Notice to all employees regardless of part-time or full-time status, plan eligibility or plan enrollment status (if applicable). Companies are not required to provide a separate notice to spouses or eligible dependents. What is the deadline for distributing the Marketplace Notice? With respect to employees who were hired before October 1, 2013, companies are required to provide the Notice no later than October 1, Companies are required to provide the Notice to each new employee hired on or after October 1, 2013, within 14 days of the employee s start date. Can the Marketplace Notice be distributed electronically? Yes. The Marketplace Notice may be provided electronically if the requirements of the Department of Labor s electronic disclosure safe harbor (under 29 CFR b-1(c)) are met. Otherwise, the Notice may be provided by first-class mail. 4

5 Who will distribute the Marketplace Notice to worksite employees? TriNet distributed the Notice to current worksite employees no later than October 1, 2013, and will distribute to new worksite employees hired after this date. TriNet will send the Marketplace Notice via to each worksite employee with a valid address on file. If a worksite employee has not provided a valid address, TriNet will send the Notice via U.S. mail. Is there a requirement to distribute a new notice if a worksite employee s eligibility for benefits changes? The regulatory guidance issued by the Department of Labor didn t include a requirement to issue an updated notice if an employee s status changes. Does this notification requirement change the TriNet coverage that is available to worksite employees? No. The Marketplace Notice is only intended to make worksite employees aware of the health insurance Marketplaces. It doesn t change the TriNet benefits that are available or the premium costs. Is TriNet required to distribute the Marketplace Notice to COBRA participants? No. However, TriNet will notify current and new COBRA participants that they may purchase coverage through a health insurance Marketplace and should review whether they may be eligible for a subsidy that would lower the premium cost. Non-Discrimination Testing Requirements Please refer to the ACA microsite Relevant Now and FAQs sections for more information about non-discrimination testing requirements. When will the non-discrimination requirements become applicable? The ACA non-discriminations rules for insurance plans are effective as of the first day of the first plan year beginning on or after September 23, However because no regulatory guidance has been issued by any of the government agencies, compliance with the rules has been delayed until after the government agencies issue regulatory guidance (see IRS Notice ). Until regulations and administrative guidance are issued, we will not know when the nondiscrimination requirements will be effective. However, any such guidance that is issued will not apply until the plan year following its issuance. Worksite Employees Enrolling in New Marketplace Coverage If a worksite employee qualifies for a subsidy through the Marketplace, can he/she waive TriNet medical benefits effective January 1, 2014 and enroll in a subsidized Marketplace plan? No. Enrolling in a Marketplace medical plan is not an event that allows a worksite employee to waive TriNet medical coverage, even if the worksite employee qualifies for a subsidy. If a worksite employee is eligible for a lower cost medical plan in the Marketplace, is that a Change in the cost in benefits LSC and can the worksite employee waive a TriNet medical plan election? No. A Change in the cost of benefits occurs only when there is a change to the cost of premiums charged for a TriNet or other employer group benefit plan. Therefore, the worksite employee cannot waive TriNet medical coverage merely because he/she may be eligible for a lower cost medical plan offered through the Marketplace. Can a worksite employee waive spouse or child medical coverage if he/she enrolls in a Marketplace plan? No, enrolling in a Marketplace medical plan is not an event that allows a worksite employee to waive TriNet medical benefits for a spouse or eligible child. Can a COBRA participant drop medical coverage effective January 1, 2015 to enroll in a Marketplace medical plan? Yes, if the COBRA participant notifies the COBRA department before January 1st. Alternately, the COBRA participant can stop paying for medical benefits after submitting the December 2014 COBRA premium payment. In either instance, COBRA benefits will end after December 31, 2014 and cannot be resumed at a future date. This proprietary communication has been prepared for educational and information purposes only. The content does not provide legal or tax advice or legal opinions on any specific matters. Transmission of this information is not intended to create, and receipt does not constitute, an attorney-client relationship between TriNet and you. TriNet is not an insurance company, but rather is the single-employer sponsor of all of its health and welfare plans. Nothing contained herein constitutes an offer to sell, buy, or procure insurance TriNet. All rights reserved. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. Nov

What s News in Tax Analysis That Matters from Washington National Tax

What s News in Tax Analysis That Matters from Washington National Tax What s News in Tax Analysis That Matters from Washington National Tax The Impact of the Affordable Care Act on International Assignees and Their Health Care Plans Employers and individuals in the United

More information

Understanding the Affordable Care Act Premium Tax Credit

Understanding the Affordable Care Act Premium Tax Credit Understanding the Affordable Care Act Premium Tax Credit Most Americans are Required to Have Health Care Coverage The Affordable Care Act (ACA), or health care law, requires most U.S. citizens and legal

More information

Health Care Reform: What to Expect in 2013 2014. Employee Benefits Series. Health Care Reform 2015 COMPLIANCE CHECKLIST

Health Care Reform: What to Expect in 2013 2014. Employee Benefits Series. Health Care Reform 2015 COMPLIANCE CHECKLIST Health Care Reform: What to Expect in 2013 2014 Employee Benefits Series Health Care Reform 2015 COMPLIANCE CHECKLIST This checklist is designed to help employers who sponsor group health plans review

More information

Patient Protection and Affordable Care Act Compliance Checklist for Employers

Patient Protection and Affordable Care Act Compliance Checklist for Employers October, 2014 Patient Protection and Affordable Care Act Compliance Checklist for Employers Under the Employer Mandate in the Affordable Care Act, effective January 1, 2015, employers with 50 or more full-time

More information

HEALTH CARE REFORM: FREQUENTLY ASKED QUESTIONS (Group, Individual, Seasonal)

HEALTH CARE REFORM: FREQUENTLY ASKED QUESTIONS (Group, Individual, Seasonal) Group Health Insurance Q & A HEALTH CARE REFORM: FREQUENTLY ASKED QUESTIONS (Group, Individual, Seasonal) 1. Will small employers continue to have 12 month rates as they exist today? a. Yes. Employer groups

More information

HEALTH CARE REFORM CHECKLIST

HEALTH CARE REFORM CHECKLIST HEALTH CARE REFORM CHECKLIST As a small employer, you need to be aware of the new regulations tied to the Affordable Care Act. Refer to this checklist to ensure you understand each one and that you re

More information

FAQ: Health Care Reform and Minnesota s Nonprofit Employers

FAQ: Health Care Reform and Minnesota s Nonprofit Employers FAQ: Health Care Reform and Minnesota s Nonprofit Employers Minnesota s health insurance landscape has been undergoing some significant improvements, leading to better and more affordable coverage for

More information

FAQ: Health Care Reform and Minnesota s Employers

FAQ: Health Care Reform and Minnesota s Employers FAQ: Health Care Reform and Minnesota s Employers Minnesota s health insurance landscape is about to see some significant improvements, leading to better and more affordable coverage for most Minnesotans.

More information

BEST PRACTICES Health Insurance Marketplace Guidance

BEST PRACTICES Health Insurance Marketplace Guidance BEST PRACTICES Health Insurance Marketplace Guidance TABLE OF CONTENTS: Health Insurance Marketplace 3 Small Business Options 8 Notification of Exchanges 10 Common Pitfalls 13 Staffing Plus Solutions 14

More information

Shared Responsibility: What It Means for Your Business

Shared Responsibility: What It Means for Your Business Shared Responsibility: What It Means for Your Business The provisions of the Affordable Care Act (ACA) apply to nearly all companies in the United States. The ways they apply, however, can be different

More information

Federal Health Reform FAQs

Federal Health Reform FAQs Federal Health Reform FAQs Individuals 1. What is an exchange? An exchange, as created under the Affordable Care Act (ACA), is a place where consumers can purchase subsidized health insurance coverage.

More information

The Affordable Care Act: What s next for employers?

The Affordable Care Act: What s next for employers? The Affordable Care Act: What s next for employers? Prepared by: Jill Harris, Director, Washington National Tax, McGladrey LLP 507.226.0482, jill.harris@mcgladrey.com Bill O Malley, Director, Washington

More information

A simple guide to. health care reform. for small business. From a company that believes in making things simple

A simple guide to. health care reform. for small business. From a company that believes in making things simple A simple guide to health care reform for small business From a company that believes in making things simple Document prepared July, 2013 Be prepared. Motto of the Boy Scouts of America After much discussion

More information

Introduction. Affordable Care Act Overview of Changes

Introduction. Affordable Care Act Overview of Changes Introduction Affordable Care Act Overview of Changes Presented by: Tim Dillingham, CLU Benefit Resource Group, Inc. 201 E Broad Street, Suite 1 Linden, MI 48451 810-735-6500 810-735-6610 (fax) tim@benefitresourcegroup.net

More information

Health Care Reform and Your Business

Health Care Reform and Your Business Health Care Reform and Your Business Timelines and Implications of the Law for Business Owners Updated as of December 2013 Health Care Reform and Your Business The Patient Protection and Affordable Care

More information

Healthcare Reform Provisions Unique to Small Employers/Financial and Other Benefits Concerns for All Employers (updated May 2, 2014)

Healthcare Reform Provisions Unique to Small Employers/Financial and Other Benefits Concerns for All Employers (updated May 2, 2014) /Financial and Other Benefits Concerns for All Employers (updated May 2, 2014) Lisa L. Carlson, J.D., Area Senior Vice President, Compliance Counsel Gallagher Benefit Services, Inc. While most healthcare

More information

CLICK HERE TO ADD TITLE

CLICK HERE TO ADD TITLE CLICK HERE TO ADD TITLE HEALTH CARE REFORM & ITS EFFECTS ON YOUR BUSINESS Presented by Jenny Arthur, SPHR AGENDA Background/History The Past: Previously Implemented HCR Provisions The Present: Current/Pending

More information

Health Care Reform: Ready or Not, Here it Comes! Presented by:

Health Care Reform: Ready or Not, Here it Comes! Presented by: Broader Perspective. Business Solutions. Health Care Reform: Ready or Not, Here it Comes! Presented by: Ryan Fridborg, MAOD, SPHR Executive Vice President, Employee Benefits rfridborg@boltonco.com Marilyn

More information

Health Care Reform Management Alert Series Roadmap of Plan Changes Needed For Upcoming Plan Years

Health Care Reform Management Alert Series Roadmap of Plan Changes Needed For Upcoming Plan Years Health Care Reform Management Alert Series Roadmap of Plan Changes Needed For Upcoming Plan Years Seyfarth Shaw has generously given permission to Lawyers Alliance for New York to circulate this chart

More information

Health Care Reform Provision Plans/Insurers Impacted Effective Date What Employers Should be Doing Now

Health Care Reform Provision Plans/Insurers Impacted Effective Date What Employers Should be Doing Now Health Care Reform 2013 & 2014 Planning Employers should review the fast-approaching 2013 and 2014 health care reform requirements. State Exchanges will be opening enrollment as soon as October 1, 2013

More information

Health Care Reform and Your Business

Health Care Reform and Your Business Health Care Reform and Your Business Timelines and Implications of the Law for Business Owners Updated as of January 2015 Health Care Reform and Your Business The Patient Protection and Affordable Care

More information

Health Care Reform Key Points

Health Care Reform Key Points Health Care Reform Key Points Contact Us 855.220.8634 HealthCareReform@eidebailly.com Individual Implications Individual mandate to have health insurance Penalties applies if NO health insurance 2014 -

More information

Health Reform in a Nutshell: What Small Businesses Need to Know Now.

Health Reform in a Nutshell: What Small Businesses Need to Know Now. Health Reform in a Nutshell: What Small Businesses Need to Know Now. With the passage of the most significant reform of America s modern-day health care system, many small business owners and human resources

More information

GUIDE TO HEALTH CARE REFORM S TAX PENALTIES

GUIDE TO HEALTH CARE REFORM S TAX PENALTIES The GUIDE TO HEALTH CARE REFORM S TAX PENALTIES Calculate Your Health Insurance Tax Penalty 2 Introduction The Affordable Care Act (ACA) requires certain employers and employees to purchase health insurance

More information

Frequently Asked Questions: How Health Reform Law Protects Patients

Frequently Asked Questions: How Health Reform Law Protects Patients Frequently Asked Questions: How Health Reform Law Protects Patients In this section: Grandfathered Health Plans Patient Protections Medical Loss Ratio (MLR) Summary of Benefits and Coverage Grandfathered

More information

Health care reform at-a-glance. August 2014

Health care reform at-a-glance. August 2014 Health care reform at-a-glance August 2014 Employer mandate Shared responsibility payment for failing to offer coverage to at least 95%* of all fulltime employees (FTE) and children if any FTE gets subsidy

More information

Health Care Reform: A Guide for Self-Funded Plans. Key steps to prepare for 2014 Preparing for the future Snapshot of reform (2010-2019)

Health Care Reform: A Guide for Self-Funded Plans. Key steps to prepare for 2014 Preparing for the future Snapshot of reform (2010-2019) Health Care Reform: A Guide for Self-Funded Plans Key steps to prepare for 2014 Preparing for the future Snapshot of reform (2010-2019) Table of Contents Health Care Reform is Here: Are you ready? 3 Key

More information

Potential Penalties for Employers under the Pay or Play Rules

Potential Penalties for Employers under the Pay or Play Rules The Affordable Care Act (ACA) brings many changes to employers and health plans. One such change essentially amounts to a requirement for some employers to offer a certain level health care to their employees

More information

IRS Issues Drafts of Individual Responsibility Reporting Forms

IRS Issues Drafts of Individual Responsibility Reporting Forms IRS Issues Drafts of Individual Responsibility Reporting Forms The following is a summary of draft forms. Some of this information may change when final forms, and the instructions, are released. In order

More information

Parker, Smith & Feek - ACA Update: 2014 November 2013

Parker, Smith & Feek - ACA Update: 2014 November 2013 Affordable Care Act (ACA) Background Core of law is an attempt to reduce # of uninsured Multiple approaches to expanding insurance coverage Requires most in US to have health insurance Creates state-based

More information

Health Care Reform Update. Spring 2014

Health Care Reform Update. Spring 2014 Health Care Reform Update Spring 2014 Quincy Quinlan Texas Association of Counties 512 478 8753 quincyq@county.org http://www.county.org Today s Agenda Timeline Fees/Taxes Individual Mandate Marketplace

More information

Helbling Benefits Consulting Your Health Care Reform Partner

Helbling Benefits Consulting Your Health Care Reform Partner Helbling Benefits Consulting Your Health Care Reform Partner Will you be hit with penalties due to health care reform? Once the employer mandate becomes effective, some employers may have to pay a penalty

More information

Selected Employer Provisions in the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010

Selected Employer Provisions in the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 Selected Employer Provisions in the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 This chart outlines, in depth, selected provisions in the Patient

More information

Q. My company already offers employee health coverage, how does the law impact me?

Q. My company already offers employee health coverage, how does the law impact me? Frequently Asked Questions Q. Will my business be required to provide employee health insurance under the health care law? A. The law does not mandate employers provide employees health care coverage.

More information

The Insurance Mandates of the Affordable Care Act

The Insurance Mandates of the Affordable Care Act 1 A. Affordable Care Act Individual Mandate The Insurance Mandates of the Affordable Care Act 1. All citizens of the United States are subject to the individual mandate as are all permanent residents and

More information

Date(s) Requirement Details Prepare Your Company Date Completed

Date(s) Requirement Details Prepare Your Company Date Completed Health Care Reform Checklist for Small Businesses Some requirements of the health care reform law are already effective and other aspects will be phased in over the next few years. Many regulations have

More information

HEALTH CARE REFORM FOR BUSINESSES

HEALTH CARE REFORM FOR BUSINESSES HEALTH CARE REFORM FOR BUSINESSES Grandfathered Health Plans. We will start with information on health plans that were in existence on March 23, 2010 (i.e., the enactment date of the Affordable Care Act).

More information

Effective dates for provisions of the PPACA are spread out from 2010 through 2018. This document focuses on 2013 and 2014.

Effective dates for provisions of the PPACA are spread out from 2010 through 2018. This document focuses on 2013 and 2014. As part of our ongoing initiative to provide added value to our customers, this health care reform summary is being provided on an information only basis. This is NOT a legal document and is not intended

More information

ACA imposes a 40 percent excise tax on the cost of coverage exceeding $10,200 for single coverage and $27,500 for family coverage.

ACA imposes a 40 percent excise tax on the cost of coverage exceeding $10,200 for single coverage and $27,500 for family coverage. Affordable Care Act In Focus: Provisions Impacting Employer-Sponsored Health Coverage Through 2020 While many employers are wondering if self-funding is the right solution for their business, a number

More information

THE AFFORDABLE CARE ACT ( ACT ), NEW EMPLOYER MANDATES, AND IMPACTS ON EMPLOYER- SPONSORED HEALTH INSURANCE PLANS

THE AFFORDABLE CARE ACT ( ACT ), NEW EMPLOYER MANDATES, AND IMPACTS ON EMPLOYER- SPONSORED HEALTH INSURANCE PLANS Community THE AFFORDABLE CARE ACT ( ACT ), NEW EMPLOYER MANDATES, AND IMPACTS ON EMPLOYER- SPONSORED HEALTH INSURANCE PLANS Prepared for the 2014 Massachusetts Municipal Association Annual Meeting On March

More information

Massachusetts Universal Health Care Law

Massachusetts Universal Health Care Law Massachusetts Universal Health Care Law This guide answers some questions that employers may have when implementing the new Massachusetts Universal Health Care Law. The law requires most employers with

More information

How the Affordable Care Act Affects Medical Support Orders in Oklahoma Frequently Asked Questions Spring, 2014 1

How the Affordable Care Act Affects Medical Support Orders in Oklahoma Frequently Asked Questions Spring, 2014 1 How the Affordable Care Act Affects Medical Support Orders in Oklahoma Frequently Asked Questions Spring, 2014 1 General 1. Did Oklahoma expand Medicaid? No, Oklahoma did not expand Medicaid. 2. Who is

More information

State of Delaware Office of Management and Budget, Statewide Benefits Office

State of Delaware Office of Management and Budget, Statewide Benefits Office State of Delaware Office of Management and Budget, Statewide Benefits Office Patient Protection and Affordable Care Act (ACA) Notice of Coverage Options and Health Insurance Marketplace Frequently Asked

More information

OVERVIEW OF PRIVATE INSURANCE MARKET REFORMS IN THE PATIENT PROTECTION AND AFFORDABLE CARE ACT AND RESOURCES FOR FREQUENTLY ASKED QUESTIONS

OVERVIEW OF PRIVATE INSURANCE MARKET REFORMS IN THE PATIENT PROTECTION AND AFFORDABLE CARE ACT AND RESOURCES FOR FREQUENTLY ASKED QUESTIONS OVERVIEW OF PRIVATE INSURANCE MARKET REFORMS IN THE PATIENT PROTECTION AND AFFORDABLE CARE ACT AND RESOURCES FOR FREQUENTLY ASKED QUESTIONS Brief Prepared by MATTHEW COKE Senior Research Attorney LEGISLATIVE

More information

A f f o r d a b l e C a r e A c t. S u s a n L. G r a s s l i, J D M a y 2 0 1 4

A f f o r d a b l e C a r e A c t. S u s a n L. G r a s s l i, J D M a y 2 0 1 4 Health Care Reform T h e B i g T h r e e P r o v i s i o n s o f t h e A f f o r d a b l e C a r e A c t S u s a n L. G r a s s l i, J D M a y 2 0 1 4 Agenda Background The Big Three o Individual Mandate

More information

Health Reform Employer Impact Analysis. Sample Employer. Prepared for. Date

Health Reform Employer Impact Analysis. Sample Employer. Prepared for. Date Health Reform Employer Impact Analysis Prepared for Sample Employer Date 2 Health Reform Employer Impact Analysis Overview Beginning in 2014, an applicable large employer becomes subject to what are referred

More information

Health Care Reform (HCR)

Health Care Reform (HCR) Health Care Reform Effects on the Wood County Employee Health Benefits Plan For Plan Year 2013 Employee Health Benefits Committee October 18, 2012 1 Health Care Reform (HCR) Affordable Care Act (ACA) The

More information

Your guide to health care reform provisions

Your guide to health care reform provisions Your guide to health care reform provisions February 2014 edition Since the Patient Protection and Affordable Care Act (PPACA) was enacted in March 2010, businesses have been impacted by federal health

More information

WE RE HERE TO HELP YOU TRANSITION TO THE NEW HEALTH BENEFIT EXCHANGE

WE RE HERE TO HELP YOU TRANSITION TO THE NEW HEALTH BENEFIT EXCHANGE HEALTH CARE REFORM: INFORMATION VERMONTERS NEED TO KNOW The Federal Affordable Care Act means new health insurance products, new rules and new systems for purchasing plans beginning in 2013. Blue Cross

More information

Tax Implications of the Affordable Care Act

Tax Implications of the Affordable Care Act Year-by-Year Guide Tax Implications of the Affordable Care Act 1 Year-by-Year Guide: Tax Implications of the Affordable Care Act Introduction The Patient Protection and Affordable Care Act, commonly referred

More information

Health Care Reform 101 for June 3, 2013

Health Care Reform 101 for June 3, 2013 Commercial & Personal Insurance Employee Benefits Retirement Plan Services Wealth Management Health Care Reform 101 for June 3, 2013 Requirements: Pre-HCR vs. Post-HCR Offering/Maintaining Health Insurance

More information

Health Care Reform Frequently Asked Questions

Health Care Reform Frequently Asked Questions Health Care Reform Frequently Asked Questions On March 23, 2010, President Obama signed federal health care reform into law, also known as the Patient Protection and Affordability Act. A second, or reconciliation

More information

ACA REPORTING WEBINAR QUESTIONS AND ANSWERS

ACA REPORTING WEBINAR QUESTIONS AND ANSWERS ACA REPORTING WEBINAR QUESTIONS AND ANSWERS The following questions on ACA reporting requirements to the IRS were collected at a series of webinars offered by ThinkHR. Introduction The Affordable Care

More information

And Changes under Healthcare Reform affecting businesses

And Changes under Healthcare Reform affecting businesses And Changes under Healthcare Reform affecting businesses 1 Individual Mandate 2 First there were two choices Under the Affordable Care Act every individual must have Minimum Essential Healthcare Coverage

More information

Health Care Reform Frequently Asked Questions

Health Care Reform Frequently Asked Questions Health Care Reform Frequently Asked Questions On March 23, 2010, President Obama signed federal health care reform into law, also known as the Patient Protection and Affordability Act. A second, or reconciliation

More information

Section 2: INDIVIDUALS WHO CURRENTLY HAVE

Section 2: INDIVIDUALS WHO CURRENTLY HAVE Section 2: INDIVIDUALS WHO CURRENTLY HAVE COVERAGE OR AN OFFER OF COVERAGE FROM THEIR EMPLOYER Section 2 covers enrollment issues for individuals who have coverage or an offer of coverage whether through

More information

Employer s Guide To Health Care Reform

Employer s Guide To Health Care Reform Employer s Guide To Health Care Reform A nonprofit independent licensee of the Blue Cross Blue Shield Association National strength. Local focus. Individual care. SM As part of our commitment to being

More information

Key Provisions of 2010 Healthcare Reform Legislation for Small (under 50) Employers. By Alice Eastman Helle. October 2013 Update

Key Provisions of 2010 Healthcare Reform Legislation for Small (under 50) Employers. By Alice Eastman Helle. October 2013 Update Key Provisions of 2010 Healthcare Reform Legislation for Small (under 50) Employers By Alice Eastman Helle October 2013 Update The sweeping healthcare reform legislation enacted in 2010 is exceedingly

More information

Currently, for the very low-income, Medicaid is available for children, parents, and individuals who are disabled, elderly, or pregnant.

Currently, for the very low-income, Medicaid is available for children, parents, and individuals who are disabled, elderly, or pregnant. 0 Currently, for the very low-income, Medicaid is available for children, parents, and individuals who are disabled, elderly, or pregnant. Parents are typically covered at very low income levels, and most

More information

Introduction to the New Health Care Laws Michelle Walker, Rocky Mountain Health Plans January 14, 2015

Introduction to the New Health Care Laws Michelle Walker, Rocky Mountain Health Plans January 14, 2015 Introduction to the New Health Care Laws Michelle Walker, Rocky Mountain Health Plans January 14, 2015 Agenda Basics of Health Care Reform Changes in Individual Healthcare Coverage Mandates Affordability

More information

Things Small Businesses Need To Know About Health Care Reform

Things Small Businesses Need To Know About Health Care Reform 7 Things Small Businesses Need To Know About Health Care Reform Make sure your business meets the requirements of the Affordable Care Act on schedule 7 Things Small Businesses Need To Know About Health

More information

Health Reform. Employer Penalty Delay: What are the Consequences? Impact of the Delay on Employers

Health Reform. Employer Penalty Delay: What are the Consequences? Impact of the Delay on Employers Health Reform Employer Penalty Delay: What are the Consequences? Martin Haitz (484) 270-2575 martin.haitz@marcumfs.com Issued date: 07/29/13 The employer penalty provisions and two reporting requirements

More information

IRS Virtual Town Hall Series: Tax Impacts of Health Insurance Coverage for Individuals & Families in 2014

IRS Virtual Town Hall Series: Tax Impacts of Health Insurance Coverage for Individuals & Families in 2014 IRS Series: Tax Impacts of Health Insurance Coverage for Individuals & Families in 2014 The information contained in this presentation is current as of 10/23/2013. For the latest information about tax

More information

Affordable Care Act: What The Health Care Law Means for Small Businesses

Affordable Care Act: What The Health Care Law Means for Small Businesses Affordable Care Act: What The Health Care Law Means for Small Businesses August 2013 Indian Country Business Summit These materials are provided for informational purposes only and are not intended as

More information

Affordable Care Act 101: What The Health Care Law Means for Small Businesses

Affordable Care Act 101: What The Health Care Law Means for Small Businesses Affordable Care Act 101: What The Health Care Law Means for Small Businesses December 2013 These materials are provided for informational purposes only and are not intended as legal or tax advice. Readers

More information

IRS Releases Final Forms and Instructions for Affordable Care Act Reporting

IRS Releases Final Forms and Instructions for Affordable Care Act Reporting IRS Releases Final Forms and Instructions for Affordable Care Act Reporting March 24, 2015 In February 2015, the IRS released final forms and instructions related to information reporting under the Affordable

More information

North Central States Regional Council of Carpenters Health Fund ( Plan ) Employer Exchange Notice ( Notice )

North Central States Regional Council of Carpenters Health Fund ( Plan ) Employer Exchange Notice ( Notice ) August 30, 2013 RE: North Central States Regional Council of Carpenters Health Fund ( Plan ) Employer Exchange Notice ( Notice ) As you may know, the Patient Protection and Affordable Care Act ("ACA" or

More information

IRS Releases 2015 Forms and Instructions for 6055/6056 Reporting

IRS Releases 2015 Forms and Instructions for 6055/6056 Reporting IRS Releases 2015 Forms and Instructions for 6055/6056 Reporting Background Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable

More information

Health Care Reform and You

Health Care Reform and You Health Care Reform and You Timelines and Implications of the Law for Individuals Updated as of January 2015 Health Care Reform and You The Patient Protection and Affordable Care Act and the Health Care

More information

FAQs: Variable Hour Employees Working on Campus and the Affordable Care Act (ACA)

FAQs: Variable Hour Employees Working on Campus and the Affordable Care Act (ACA) FAQs: Variable Hour Employees Working on Campus and the Affordable Care Act (ACA) As you may know, Health Care Reform (the Affordable Care Act or ACA) is underway and new aspects of the regulations become

More information

Health Care Reform: Health Plans Overview. Presented by: Brian Lenzo, Preferred Benefits Services

Health Care Reform: Health Plans Overview. Presented by: Brian Lenzo, Preferred Benefits Services Health Care Reform: Health Plans Overview Presented by: Brian Lenzo, Preferred Benefits Services Agenda What is the legal status of the law? Which plans must comply? Grandfathered plans Reforms currently

More information

Important Effective Dates for Employers and Health Plans

Important Effective Dates for Employers and Health Plans Brought to you by Sullivan Benefits Important Effective Dates for Employers and Health Plans On March 23, 2010, President Obama signed the health care reform bill, or Affordable Care Act (ACA), into law.

More information

Employer Reporting of Health Coverage Code Sections 6055 & 6056

Employer Reporting of Health Coverage Code Sections 6055 & 6056 Brought to you by Hickok & Boardman HR Intelligence Employer Reporting of Health Coverage Code Sections 6055 & 6056 The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue

More information

Health care reform at-a-glance. December 2013

Health care reform at-a-glance. December 2013 December 2013 Employer mandate Play or pay penalty for failing to offer coverage to at least 95% of all full-time employees (FTE) and children if any FTE gets subsidy in exchange $2,000 (indexed) times

More information

Affordable Care Act (ACA) Health Insurance Exchanges and Medicaid Expansion

Affordable Care Act (ACA) Health Insurance Exchanges and Medicaid Expansion Affordable Care Act (ACA) Health Insurance Exchanges and Medicaid Expansion Table of Contents Expanded Coverage... 2 Health Insurance Exchanges... 3 Medicaid Expansion... 8 Novartis Pharmaceuticals Corporation

More information

Self-insured Plans under Health Care Reform

Self-insured Plans under Health Care Reform Brought to you by Good Neighbor Insurance Self-insured Plans under Health Care Reform The Affordable Care Act (ACA) includes numerous reforms affecting the health coverage that employers provide to their

More information

Health Policy Essentials: Private Health Insurance. Bernadette Fernandez, Annie Mach, & Namrata Uberoi February 13, 2015

Health Policy Essentials: Private Health Insurance. Bernadette Fernandez, Annie Mach, & Namrata Uberoi February 13, 2015 Health Policy Essentials: Private Health Insurance Bernadette Fernandez, Annie Mach, & Namrata Uberoi February 13, 2015 Briefing Agenda What is the purpose of private health insurance (PHI)? How is PHI

More information

NAVIGATOR RESOURCE GUIDE ON PRIVATE HEALTH INSURANCE COVERAGE & THE HEALTH INSURANCE MARKETPLACE

NAVIGATOR RESOURCE GUIDE ON PRIVATE HEALTH INSURANCE COVERAGE & THE HEALTH INSURANCE MARKETPLACE NAVIGATOR RESOURCE GUIDE ON PRIVATE HEALTH INSURANCE COVERAGE & THE HEALTH INSURANCE MARKETPLACE The Center on Health Insurance Reforms Georgetown University Health Policy Institute Acknowledgements This

More information

State of Wisconsin / OFFICE OF THE COMMISSIONER OF INSURANCE

State of Wisconsin / OFFICE OF THE COMMISSIONER OF INSURANCE State of Wisconsin / OFFICE OF THE COMMISSIONER OF INSURANCE Scott Walker, Governor Theodore K. Nickel, Commissioner Wisconsin.gov 125 South Webster Street P.O. Box 7873 Madison, Wisconsin 53707-7873 Phone:

More information

How ACA is Changing Employer Health Benefits and the Marketplace Presented by:

How ACA is Changing Employer Health Benefits and the Marketplace Presented by: North Carolina State Health Plan How ACA is Changing Employer Health Benefits and the Marketplace Presented by: J. Richard Johnson Senior Vice President, Public Sector Health Practice Leader rjohnson@segalco.com

More information

The Impact on Business

The Impact on Business The Impact on Business Affordable Care Act Reform addresses access to coverage not healthcare cost or population health ACA passed in 2010. The Supreme Court upheld ACA in 2012 and President Obama was

More information

Health Care Reform: General Q&A for Employees

Health Care Reform: General Q&A for Employees From Baugher Financial & Associates, Inc. Health Care Reform: General Q&A for Employees Common questions answered I ve heard a lot about the health care reform law. When do the reforms become effective?

More information

Employment & Employee Benefits Developments

Employment & Employee Benefits Developments Employment & Employee Benefits Developments January 2015 New Health Care Compliance Considerations for Employers in 2015 Over the past year, the U.S. Departments of Labor (the DOL ), Treasury and Health

More information

Important Effective Dates for Employers and Health Plans

Important Effective Dates for Employers and Health Plans Brought to you by Krempa Associates, Inc. Important Effective Dates for Employers and Health Plans On March 23, 2010, President Obama signed the health care reform bill, or Affordable Care Act (ACA), into

More information

Important Effective Dates for Employers and Health Plans

Important Effective Dates for Employers and Health Plans Brought to you by Hipskind Seyfarth Risk Solutions Important Effective Dates for Employers and Health Plans On March 23, 2010, President Obama signed the health care reform bill, or Affordable Care Act

More information

Q&A from Assurex Global Webinar. Employer ACA Reporting Requirements. Q: Where will these forms come from? will the IRS provide them?

Q&A from Assurex Global Webinar. Employer ACA Reporting Requirements. Q: Where will these forms come from? will the IRS provide them? Q&A from Assurex Global Webinar Employer ACA Reporting Requirements Questions Q: Where will these forms come from? will the IRS provide them? A: IRS has provided draft Forms 1094 and 1095 along with draft

More information

HEALTHCARE REFORM: WHAT YOU NEED TO KNOW

HEALTHCARE REFORM: WHAT YOU NEED TO KNOW WHAT IS HEALTHCARE REFORM? Healthcare reform refers to the healthcare law passed in 2010 that significantly changed health policy in the United States. Healthcare reform includes numerous requirements

More information

Nebraska Health Insurance Exchange Update

Nebraska Health Insurance Exchange Update Nebraska Health Insurance Exchange Update Overview of the Affordable Care Act and the Federally Facilitated marketplace. September 2014 AFFORDABLE CARE ACT» The Affordable Care Act: Establishes a Health

More information

Health Care Reform and You

Health Care Reform and You Health Care Reform and You Timelines and Implications of the Law for Individuals Updated as of February 2016 Health Care Reform and You The Patient Protection and Affordable Care Act and the Health Care

More information

Health Care Reform PPACA. General Assembly Greensboro, NC 2013

Health Care Reform PPACA. General Assembly Greensboro, NC 2013 Health Care Reform PPACA General Assembly Greensboro, NC 2013 Near-term Provisions 1 These fees apply to both insured and self-insured plans. Additional Coming Changes PPACA Patient Protection and Affordable

More information

Employer-Shared Responsibility

Employer-Shared Responsibility Affordable Care Act Planning to Deal with the Pay-or-Play Penalties Effective January 1, 2015 Anne Hydorn Hanson Bridgett LLP Telephone: (415) 995-5893 Email: ahydorn@hansonbridgett.com Judy Boyette Hanson

More information

Lockton Health Reform Employee Communications Toolkit

Lockton Health Reform Employee Communications Toolkit Lockton Health Reform Employee Communications Toolkit L O C K T O N C O M P A N I E S Lockton Health Reform Employee Communications Toolkit CONNECT WITH LOCKTON Follow Lockton Companies for important benefits

More information

ACA Employer Reporting Guide. A practical guide to understanding the ACA 6055 and 6056 employer reporting requirements

ACA Employer Reporting Guide. A practical guide to understanding the ACA 6055 and 6056 employer reporting requirements ACA Employer Reporting Guide A practical guide to understanding the ACA 6055 and 6056 employer reporting requirements Table of Contents INTRODUCTION TO ACA EMPLOYER REPORTING... 3 HOW TO USE THIS GUIDE...

More information

The Large Business Guide to Health Care Law

The Large Business Guide to Health Care Law The Large Business Guide to Health Care Law How the new changes in health care law will affect you and your employees Table of contents Introduction 3 Part I: A general overview of the health care law

More information

Health Care Reform How it Will Affect Employers and their Group Health Plans. Benecon Comments and Observations

Health Care Reform How it Will Affect Employers and their Group Health Plans. Benecon Comments and Observations Health Care Reform How it Will Affect Employers and their Group Health Plans This Health Care Reform Summary applies to all employers (including government and church plans) that provide health coverage

More information

Employee Benefits Compliance

Employee Benefits Compliance Employee Benefits Compliance Pay or Play Delay, Does it Apply and Strategies to Comply Wells Fargo Insurance 2014 Issues and beyond. U.S. citizens and legal residents are required to have "minimum essential

More information

The Affordable Care Act and American Indian and Alaska Natives. Frequently Asked Questions

The Affordable Care Act and American Indian and Alaska Natives. Frequently Asked Questions The Affordable Care Act and American Indian and Alaska Natives Frequently Asked Questions 1. Is IHS coverage going away under the Affordable Care Act? No. The IHS, Tribal and urban Indian health programs

More information

Copyright 2014 American Fidelity Assurance Company

Copyright 2014 American Fidelity Assurance Company HEALTH CARE REFORM What You Need to Do from Now to 2015 This is only a brief summary that reflects our current understanding of select provisions of the law, often in the absence of regulations. All of

More information