ABC New Hampshire & Vermont News
Affordable Health Care Act Deadlines
While providing quality health care benefits is a top priority for ABC and its member companies, the Affordable Health Care law continues to create uncertainty and confusion in the construction industry. ABC believes true reform should provide greater choice and affordability and allow private insurers to compete for business. Unfortunately, the health care law fails to lower costs while imposing new taxes, as well as costly and burdensome federal government mandates. ABC members have major concerns about how to implement the employer mandate provisions of the health care law. The provisions are complex and confusing, and ABC will be providing employer education to help members plan for the future.
For contractors, deadlines are a way of life. To ensure compliance with ACA, employers with 50 or more full time employees, or the equivalent, should keep some critical dates in mind:
April 1, 2013:
Employers who have not previously offered healthcare coverage to their workers, and intend to do so in time to meet the January 1, 2014 deadline, should begin researching carriers and benefits administrators. Employers who currently offer coverage to their workers should take steps to determine whether the coverage meets minimum standards required by ACA.
July 1, 2013:
Large employers should determine their look-back method to adopt a transition measurement period for purposes of determining full-time status of employees.
September 1, 2013:
Employers who intend to offer health insurance coverage to their workers should have chosen a carrier and benefits administrator by this date.
October 1, 2013:
Healthcare Exchanges’ Open Enrollment begins. Employers who are required to comply with ACA will be penalized if even one employee who is eligible for coverage goes to an exchange.
October 1, 2013:
Employers who have not previously offered healthcare coverage to their employees, and intend to, should have all paperwork submitted to that carrier by this date to ensure that coverage may become effective by January 1, 2014.
November 1, 2013:
Employers, in conjunction with their benefits adviser, should be communicating benefits, scheduling enrollment meetings, overseeing enrollment of all employees, turning in necessary forms, etc. This is the month to get your employees ready for the new year!
January 1, 2014:
Employers must offer affordable coverage to employees who work over 30 hours a week or face a penalty.