The Affordable Care Act (ACA or the “Act”) imposes two new temporary fees with respect to group health plans that go into effect in the near future.
On June 14, 2010, the U.S. Departments of the Treasury, Labor, and Health and Human Services released interim final regulations providing guidance on what is a “grandfathered plan” and maintaining grandfathered status for purposes of the Patient Protection and Affordable Care Act (PPACA).
Last week, the Department of Health and Human Services issued interim final regulations (the "Regulations") explaining what changes a plan sponsor can make to a group health plan that was in existence on March 23, 2010 without causing the plan to forfeit its grandfathered status.
On June 17, 2010, the Internal Revenue Service, Department of Labor, and Department of Health and Human Services released interim final regulations (the "Regulations") in an attempt to resolve ambiguity regarding the changes that affect a plan's grandfathered status.
Under the Affordable Care Act, the Federal government will reimburse a group health plan sponsor for 80 of the group health care expenses in excess of $15,000 (but not in excess of $90,000) incurred by or on behalf of an early retiree.
Even before Congress began laboring over the potentially biggest health care legislation in years, employers had or should have had plenty of health and welfare plan issues on their agendas for the second half of 2009.