This open enrollment season may prove to be the most challenging in years, thanks primarily to two converging forces: the Affordable Care Act (ACA) health care reform law and the fact that employees barely understand their health benefits anyway.
The postponement of the employer play-or-pay provisions until 2015 muddies the waters even more. But all other ACA provisions kick in with the 2014 plan year, including guaranteed availability of coverage, coverage for essential health benefits and a repeal of all pre-existing condition exclusion periods.
You can burnish your reputation in the company by having answers to employees’ questions.
What are employees’ options if the group plan doesn’t offer dependent coverage?
Again, thanks to the IRS’ postponement, you may keep all the same coverage options for the 2014 plan year, including not offering dependent coverage. Hitch: The individual play-or-pay provisions haven’t been post...(register to read more)