October 20, 2015
Due to the signing of the PACE Act, the formal guidance regarding use of the transitional renewal of insured health plans for employers with 51-100 employees issued by the Massachusetts Office of Consumer Affairs & Business Regulation, Division of Insurance, in Bulletin 2015-06 (discussed in the Aug. 25, 2015 edition of Compliance Corner), was rescinded effective Oct. 9, 2015.
As background, PPACA included a provision to change the definition of small employer from 1-50 to 1-100 employees effective Jan. 1, 2016. On Oct. 7, 2015, the President signed the PACE Act, repealing the mandated small-group expansion from groups of up to 50 employees to groups of up to 100 employees. Thus, unless a state has expanded its definition of small employer, PPACA’s insurance mandates would not apply to employers in the 51-100 group in that state.
Bulletin 2015-06: Rescinded »