Tag Archives: Health Care Reform

McDonald Hopkins issues special report on Health Care Reform

Cleveland, Ohio (March 18, 2013) – With 2014 approaching, employers need to start planning for the employer shared responsibility requirements under the Patient Protection and Affordable Care Act, including deciding if they will “play,” “pay,” or attempt to avoid both alternatives. McDonald Hopkins addresses these issues in a special report designed to help employers understand and address the effects the Act will have on their business. In addition, the firm will conduct a live webcast on the shared responsibility requirements on March 21, 2013. 

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McDonald Hopkins Special Report on Health Care Reform: Practical steps for employers

This special report is designed to help employers understand and address the effects of Health Care Reform on your business so you are in the best position to make decisions in response to these new requirements. At this point, most of the regulatory guidance needed has either not yet been issued or has only been issued in proposed form. Therefore, we will provide the best possible guidance based on existing knowledge.

Click here for the Special Report on Health Care Reform: Practical steps for employers.

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Patient Protection and Affordable Care Act Alert-Issue 1: Health Care Reform: It’s the law!

The re-election of President Obama and the lack of change in the control of the houses of Congress effectively ensure that the provisions of Health Care Reform will remain in place and will continue along the path of implementation.

In order to help employers address the effects of Health Care Reform and decide whether to design their plans to comply or to forego offering health plans, McDonald Hopkins will issue a series of Alerts over the coming months focusing on various issues. At this point, most of the regulatory guidance needed has not yet been issued. Therefore, we will provide the best possible guidance based on existing knowledge.

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Summary of benefits for group health plans and regulations issued

 

Background

One requirement under the legislation collectively referred to as Health Care Reform mandates that group health plans and health insurance issuers offering group health plans provide a written Summary of Benefits and Coverage (SBC) for each group health plan option offered.

Recently, the Internal Revenue Service (IRS), the Department of Labor (DOL) and the Department of Health and Human Services (HHS) (the Agencies) jointly issued final regulations dealing with the technical requirements for these SBCs. 

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