The Affordable Care Act (ACA) passed by Congress and signed into law in March 2010 continues to evolve. While many provisions of the ACA have been implemented, others have been delayed until 2022, including the provision popularly known as the “Cadillac Tax” that affects self-funded health care plans.
Union Labor Life is here to serve multiemployer plans as they navigate the ever-changing health care market. On this page, you’ll find key updates and health reform resources that reflect how coverage is changing. This includes resources to find individual alternatives to ACA coverage, in light of limited healthcare coverage choices in some geographic areas.
Analysis of 2016 Premium Changes and Insurer Participation in the Affordable Care Act's Health Insurance Marketplaces
Premium growth in the Affordable Care Act's Health Insurance Marketplaces is one of the most useful indicators of whether the ACA is working to keep health insurance affordable. Because the ACA's rate review provision requires premium increases over 10 percent to be made public, we know that a number of individual market insurers are requesting 2016 increases that fall into that category, thus causing concerns about the affordability of premiums in the coming year. This brief shows an early analysis of premium changes in 11 major cities with complete data on rates for all insurers.
Read the complete brief published by the Kaiser Family Foundation.
Adapting Plans to ACA and ACA to Plans: A Multiemployer Work in Process
The National Coordinating Committee For Multiemployer Plans (NCCMP), a lobbying organization devoted exclusively to protecting the interests of workers, retirees and families and Minnesota’s HealthWORKS, dedicated to educating Minnesota’s congressional delegates on the value of multiemployer plans are among the many groups that have come together for one common goal – to help ensure an environment in which multiemployer health and welfare funds remain viable under the ACA and continue to provide working men and women affordable health insurance.
Read the article published in Benefits Magazine.
Private exchanges: The future for large plan sponsors or a passing fad?
With the roll out of the public health insurance exchanges in 2014, it should come as no surprise that many large plan sponsors have become very interested in private health insurance exchanges as they seek to find ways to control costs and continue offering quality health benefits to eligible plan members. But with the rapid changes we will be seeing as a result of the ACA over the next few years, plan sponsors and employers should consider some of the pros and cons related to cost efficiency and long term budgeting of a defined contribution plan before deciding to make a complete transition to a private exchange model.
Read the article published by Milliman's Employee Benefits Editorial Committee in the February edition of Benefits Perspectives.
We invite any suggested articles and links to publications. Click here to recommend resources.