New Webinar: Understanding New Copper & Skinny Plans – ACA Impact and Guidelines
Join AP Benefit Advisors Senior Counsel, Patrick Haynes, as he reviews some interesting changes to The Affordable Care Act and how they may affect employers. There is the potential for a new addition to the existing PPACA suite of offerings on the government exchanges (i.e. Platinum, Gold, Silver and Bronze). These potentially new “Copper” plans may have higher deductibles in order to be more “affordable”. This is a significant reversal as policies with these higher deductibles were cancelled by insurers after the ACA.
Another interesting development is that the maximum deductible limits for 2014 and 2015 have now been removed for the majority of employer groups (even small groups). This means, that plans can be a bit more creative with their structure so long as they hit all the PPACA requirements and still stay under the 2014 and 2015 Out-of-Pocket maximums. Attorney Haynes will also discuss “MEC” or “Skinny” plans. Descriptions of these have appeared in The Wall Street Journal, SHRM Publications and Kaiser Family Foundation News Briefs among others. Recently, several large employers have begun offering these less expensive, no-frills plans, that are expected to cut costs for employers and employees. who don’t incur substantial medical bills. Topics include:
- Who is sponsoring the bills and is The White House in favor of them?
- Are the insurance companies in favor of these potential “Copper” plans ?
- Do “MEC” and “Skinny” plans satisfy the ACA’s requirements?
- Do “MEC” and “Skinny” plans satisfy coverage under the individual mandate?
- What are the differences in the penalties when “MEC” and “Skinny” plans are offered?
- How much can an employer save offering “MEC” and “Skinny” plans?
Webinar Date: Wed, Apr 30, 2014 12:00 PM – 12:30 PM EDT
Space is limited – register here: https://www1.gotomeeting.com/register/370432065