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Healthcare Reform Resource
The Affordable Care Act (ACA) could significantly redefine the healthcare market and change the way health benefit plans are provided to plan participants. With the implementation of Insurance Exchanges, its mandates and subsidies, Multiemployer Plans face an uncertain future and are finding ways to remain competitive in this changing market.
We, at Ullico are at the forefront of ensuring you are informed with how the ACA impacts you and your plan. Our goal is to help you stay up to date on the recent development of the ACA so that you can focus on today’s challenges and plan for tomorrow.
Daniel Wolak
The Union Labor Life Insurance Company
The Affordable Care Act Update:
The following presentation includes a brief update on the following topics:
- 2010 Provisions
- Reporting and Disclosure Requirements for 2012-2014
- Insurance Exchanges & how tax subsidies work
- The Individual Mandate in Supreme Court
- Multiemployer Plans-Impact and response to Reform
CURRENT ARTICLES & NEWS RELEASES
As many plan trustees and sponsors are preparing for the mandated changes in health care coverage and eligibility brought on by the Affordable Care Act, there is still uncertainty about the role Multiemployer plans will have when the provisions for state insurance exchanges become effective in 2014.
Click here to read the article published in Benefits Magazine.
The Individual Mandate requiring all adults under the age of 65 to purchase health insurance may stabilize the health insurance market according to a study conducted by the Urban Institute for the Robert Wood Johnson Foundation. If the Affordable Care Act were in effect today, 94% of the total population potentially subject to the mandate may not be required to purchase health insurance through the exchange or pay a penalty.
Click here to read this publication by the Urban Institute.
As the Department of Health and Human Services and Treasury are taking steps towards fully establishing Insurance Exchanges by January 1, 2014, States are playing a major role in the design and implementation of these Exchanges. A study conducted by the Urban Institute for the Robert Wood Johnson Foundation found that those states with a slower progression toward the establishment of the Reform’s key coverage provisions, which include State Insurance Exchanges, may benefit the most from the Reform with a significant decline of uninsured individuals.
Click here to read the report produced by the Urban Institute.
We invite any suggested articles and links to publications. Click here to recommend resources.
* The Kaiser Family Foundation is a non-profit private operating foundation, based in Menlo Park, California, dedicated to producing and communicating the best possible information, research and analysis on health issues
** Reproduced with permission from Benefits Magazine, Volume 49 Number 2, pages 16-22, February, 2012, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted. For information on subscriptions call 1-888-334-3327 option 4.
