This past Friday afternoon, the Centers for Medicare and Medicaid Services (part of HHS) issued a bulletin to deal with Special Enrollment Periods (SEPs).
The COBRA Blog
With open enrollment underway, many employers are once again feeling the strain of rising health care premiums. Some are exploring cost-shifting opportunities, others are looking at employee-directed options and wellness education and the rest are just tightening their belts.
According to a workplace survey by HR consultant Mercer released last year, employer provided benefits are increasingly vital to the employer-employee relationship. For 91 percent of those employees, having benefits through their employer is just as important as being paid a salary.
Many of you already know that The Patient Protection and Affordable Care Act (PPACA) Medical Loss Ratio Rule may result in health insurance premium rebates in the coming months. In fact, insurers are required to send rebates relating to 2011 premiums to employers by August 1, 2012. What you may NOT know is how you are going to distribute a portion of these rebates back to current employees, past employees, and COBRA participants. The 2011 rebates will start arriving this summer. The question is, are you ready for them?