Skip to comments.Health Care Bill requirement: Employers publish any changes 60 days prior
Posted on 03/31/2010 9:14:59 AM PDT by indianyogi
It seems Employers who have been asked to appear before the House are just following the law. See the section of the law below.
(A) a health insurance issuer (including a group health plan that is not a self-insured plan) offering health insurance coverage within the United States; or
(B) in the case of a self-insured group health plan, the plan sponsor or designated ad14 ministrator of the plan (as such terms are de15 fined in section 3(16) of the Employee Retire16 ment Income Security Act of 1974).
(4) NOTICE OF MODIFICATIONS.If a group health plan or health insurance issuer makes any material modification in any of the terms of the plan or coverage involved (as defined for purposes of section 102 of the Employee Retirement Income Security Act of 1974) that is not reflected in the most recently provided summary of benefits and coverage, the plan or issuer shall provide notice of such modification to enrollees not later than 60 days prior to the date on which such modification will become effective.
Yeah, that’s why Open Enrollment at companies that provide Health Insurance is in October. I’ve seen a lot of people on here worried that by November, everyone will have forgotten the Healthcare debacle. I think when we see the premium increases and coverage decreases at Open Enrollment, everyone will remember just fine. And they’ll tell their non-corporate friends and relatives too.
Won't they just blame the insurance companies?
It may be up to us to help them make the connection.
They are also required to make revised SEC filings if any situation occurs that would negatively impact their final numbers. A little detail that slipped through the cracks of their 2800 page bill. (of course by now I’m sure Rahm has called all of the Big 4 accounting firms and gotten their minds right)