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Executive Summary: The Department of Health and Human Services ("HHS") recently announced that full implementation of the SHOP component of the state-based health insurance exchanges created by the Affordable Care Act (the "ACA") run in full or in part by the federal government will be delayed until 2015. States setting up their own exchanges will be given the option to elect to similarly delay full implementation of their SHOPs until 2015.
The Bottom Line:
If you are a small employer and planned to offer health coverage to your employees through the SHOP Exchange, you should determine whether you will offer your employees coverage through the transition rule for 2014. Additional agency guidance is expected to clarify how and when this decision must be made.
FordHarrison's Employee Benefits Practice Group can assist you in evaluating your health care coverage options, and your overall strategy for complying with Health Care Reform.
If you have any questions regard this legal alert please contact Tiffany Downs, email@example.com, Isabella Lee, firstname.lastname@example.org, Scott Wagner, swagner@fordharrison, any member of FordHarrison's Employee Benefits Practice Group, or the FordHarrison attorney with whom you usually work.
Topics: Affordable Care Act, Employee Benefits, Health Insurance Exchanges, Healthcare, SHOP Program
Health Law Updates, Insurance Updates, Labor & Employment Law Updates