In January of 2013, the Department of Labor announced “transition relief” for employers with non-calendar fiscal year health plans. This is welcome news to many school districts and other local governmental entities that do not follow the typical January to December plan year. This buys you some extra time to plan your PPACA strategy.
If your plan is a non-calendar year plan as of December 27, 2012, you may qualify for this transitional relief. If you do qualify, PPACA mandates and penalties don’t take effect until the first day of your health plan year in 2014. This relief delays budgeting and bargaining issues brought about by the original January 1, 2014 deadline.
For more detailed information, download our legislative brief or view the actual legislation.