On December 20, 2017, Congress passed the Tax Cuts and Jobs Act. This Act made significant changes to individual and corporate U.S. tax code provisions. The bill includes permanent repeal of the Affordable Care Act (ACA) individual mandate, requiring individuals to purchase and maintain health coverage and zeros out the penalty beginning in 2019. The
Under the Affordable Care Act (ACA), the Summary of Benefits and Coverage (SBC) and Uniform Glossary was created to help consumers compare coverage options available to them. This disclosure requirement applies to both grandfathered and non-grandfathered plans. Group health plans and health insurance carriers are required to provide the SBC and uniform glossary free of
On May 2, 2014, the Departments of Labor (DOL) and Health and Human Services (HHS) issued guidance regarding how the Consolidated Omnibus Budget Reconciliation Act (COBRA) is affected by ACA’s Exchanges. The DOL and HHS issued updated model notices and FAQs, and announced an additional Exchange special enrollment period to help further clarify how ACA’s