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Do You Have a Fiscal Year (Non-Calendar) Health Plan? Here’s How to Determine Your PPACA Compliance Deadline

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.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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