On May 10, 2010, the Departments of Labor, Health and Human Services and Treasury issued regulations implementing the Affordable Care Act by expanding coverage for adult children up to age 26. The benefits become effective for plan years beginning on or after Sept. 23, 2010. For calendar year plans, that will mean the provisions will become effective beginning Jan. 1, 2011.
Effective May 5, 2010, employers that have group comprehensive health care plans must permit employees, their spouses, and employees’ dependents to elect to continue plan coverage for up to 30 months when certain qualifying events occur and must provide notice of such right by July 5, 2010, to certain employees, their spouses, and employees dependents.
On April 15, 2010, the President signed into law the Continuing Extension Act of 2010 (HR 4851). Among other provisions, this law once again extends the COBRA subsidy eligibility period under ARRA, this time through May 31, 2010.
We know many of you have questions about what the newly passed health care reform legislation, H.R. 3590, contains and how it will impact you. We are working hard to provide you with the information and tools you need to better understand the changes and communicate what you need to know moving forward.
The Massachusetts Division of Insurance has disapproved most of the 2nd quarter health insurance rates filed by the Massachusetts health insurance carriers.
We know many of you have questions about what the newly passed health care reform legislation, H.R. 3590, contains and how it will impact you. Aisling is working hard to provide you with the information and tools you need to better understand the changes and communicate what you need to know moving forward.
Late on March 2, 2010, the President signed into law the Temporary Extension Act of 2010 (HR 4691). Among other provisions, this law extends the COBRA subsidy eligibility period under ARRA to March 31, 2010.
On behalf of Aisling Partners, I would like to update you on a couple health care initiatives currently taking place in Massachusetts that may prove to be positive for small businesses: The Affordable Health Care Plan and Business Express.
The Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) requires group health plans and health insurance issuers to ensure that financial requirements (such as co-pays, deductibles) and treatment limitations (such as visit limits) applicable to mental health or substance use disorder (MH/SUD) benefits are no more restrictive than the predominant requirements or limitations applied to substantially all medical/surgical benefits.
If you are eligible for health coverage from your employer, but are unable to afford the premiums, some States have premium assistance programs that can help pay for coverage. These States use funds from their Medicaid or CHIP programs to help people who are eligible for employer-sponsored health coverage, but need assistance in paying their health premiums.