In Case You Missed It – HHS Has Again Extended the Small Group “Keep Your Plan” Provision of the Affordable Care Act
We know you get updated on a lot of healthcare issues. Just in case you missed our previous announcement this is worth repeating for those employers in the under 50 segment who have kept pre-ACA plans in place.
For our under 50 employee groups, we were ramping up to help construct ways to continue the option of keeping your current plan (unless something better becomes available). In the past, we have had to shift renewal dates or juggle “grandfathering” vs. “grandmothering” your plan.
This year we will not have to do any such juggling.
Here are the highlights:
- HHS’ existing transition policy for non-ACA compliant plans has been extended for an additional year.
- If the state allows it, issuers can renew non-compliant coverage into 2018.
- The extended transition policy is intended to smoothly bring all non-grandfathered coverage in the individual and small group markets into compliance with the ACA by 2018.
You can read more about the HHS announcement here:
Or, just rest assured that you do not need to worry about that this year. This is good news.