On October 7, 2015, President Obama signed the Protecting Affordable Coverage for Employees (PACE) Act into law. The PACE Act repeals the Affordable Care Act (ACA) requirement that the small group market in every state be expanded to include businesses with 51-100 employees. Most states have historically defined “small employers” as those with 50 or […]Continue Reading →
Posts Tagged 'transition relief'
Massachusetts employers received good news recently regarding health insurance. Governor Baker announced that the Massachusetts Division of Insurance will implement a transitional relief policy regarding a key provision of the Affordable Care Act. This transition relief may provide employers with 51 – 100 employees – who are rated currently within the large group market – to […]Continue Reading →
Massachusetts Sick Time Leave Law Update: Transition Period Granted to Employers with Existing Paid Time-Off Policies
The Massachusetts’ Attorney General’s office issued transition relief on May 18th, 2015 for some employers in regards to the state’s new Sick Time Leave Law. The law will still go into effect on July 1st, 2015. However, a safe harbor has been put in place for employers that have existing Paid Time Off policies. Here […]Continue Reading →
The summary of benefits and coverage (SBC) document is designed to serve as a brief, simple explanation of what is included in a health plan. Thus, interest was certainly raised this month as a Frequently Asked Questions document was issued regarding on the SBC requirement. Would it become a complex document that increased the burden […]Continue Reading →
Starting on January 1st, 2014, large employers will face a “pay or play” penalty if they do not offer minimum essential coverage to full-time employees and their dependents. This penalty, of course, is part of the employer shared responsibility requirements within the Affordable Care Act (ACA). We recently helped a client answer the following question regarding […]Continue Reading →