As we close in on the 2014 implementation target for the Health Insurance Exchanges, some lawmakers in California are already trying to change the rules and redefine what employers can and cannot do.
CA, lawmakers are drafting new legislation that would essentially block small employer self-funded plans with low attachment points.
The concern is that by allowing low attachment points ($20,000), small employers would be able to significantly save on the cost of such plans if they have healthy populations.
This would of also mean that the Health Insurance Exchanges would be taking on a more risky population (read more expensive), and that would mean that they feel it would not be fair to allow this at the expense of traditional insurers.
It would also mean that employers could bypass and not be forced to include cumbersome State Mandated Benefits, further reducing employer costs.
Many opposed to PPACA have been stating that as exchanges are implemented, plan premiums would increase significantly because more high risk [people would be able to get coverage at the same price as everyone else.
It is expected in June that the Supreme Court will rule on PPACA, and may very well overturn the legislation altogether.
Earlier this year, AmWINS introduced AmWINS Simple Funding (ASF) program, available to employers with as few as 50 employees.
ASF provides flexibility in levels of benefits and choices in Plan design under the direction and control employer groups. Employers can choose from various options for deductible levels, coinsurance, co-pays and upgraded well care and pharmacy benefits; and can make the Plan compatible with tax advantaged high deductible accounts or Health Savings Accounts (HSA).
Email me at marc.gilday@amwins.com for further information on AmWINS Simple Funding and learn how it may save you and your clients significant benefit dollars.
To read to full AIS story, follow the link.
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