On April 9, 2018, the Department of Health and Human Services (HHA) extended transitional relief plans through December 2019. Transitional relief applies to plans that existed before healthcare reform, and that have been allowed to continue without meeting all the Affordable Care Act (ACA) requirements.
For employers, this may allow them to retain plans that are less expensive than ACA compliant plans which utilize uniform rating methodology and are not subject to health underwriting.
Complete details from insurance carriers have not yet been received, but we anticipate all will allow employers the option to continue their transitional relief plans.
We will continue to alert you to any details as they emerge.
For more information the HHS issued this Final Notice of Benefit and Payment Parameters (NBPP) for 2019, as well as a press release offering a brief summary of the regulations.
Have questions? Contact your advisor today: 913.341.8998