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ACA Waiting Period Compliance
Tuesday April 2nd 2013
In August 2012, the IRS and DOL issued ACA guidance on the 90-day waiting period for plan years beginning on or after January 1, 2014. Simply put, an eligible employee or dependent does not have to wait more than 90 days before being covered under the group health plan. Do you have to change your waiting period for new hires to enroll onto your group health plan? How long is your current waiting period for new hires to enroll onto your health plan? Please comment below.
Easy enough, right? Maybe not. Does this apply to all employers? All plans? Are there any exceptions to this rule? What if you enroll the employee on the first of the month following 90 days, does that meet the 90-day waiting period rule?
Employers should be preparing now to understand this guidance and how to apply it to the workforce so they are ready to meet critical ACA requirements and deadlines.
Our ACA Waiting Periods webinar will help you prepare for this requirement by reviewing:
· Waiting period
· Who it covers
· What it covers
· General rules
· Compliance action plan
Don’t wait to register – the webinar recording is only available until April 17.
Do you have to change your waiting period for new hires to enroll onto your group health plan? How long is your current waiting period for new hires to enroll onto your health plan? Please comment below.!
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