ACA Expands Small Group Employer Definition
August 31, 2015
Do you offer an HRA? What You Need to Know Now About HRAs and ACA 6055/6056 Reporting
December 1, 2015ACA Expands Small Group Employer Definition
August 31, 2015Do you offer an HRA? What You Need to Know Now About HRAs and ACA 6055/6056 Reporting
December 1, 2015
October 9, 2015 by Bill Enright
On October 7, 2015, President Obama signed a bill which stops the ACA small group employer definition from changing. The definition was going to expand the number of employees in a small group from 50 to 100 employees. This change was slated to take effect January 1, 2016.
This bill gives the states the authority to alter the definition (small group employer is 1-50 employees) if they so choose, rather than mandate that everyone be defined by the same terms. Had the new definition gone into effect, it was predicted that many employers, employees and their families were facing significant premium rate increases which would cause adverse effects.
For more information on self-funding or small group ACA changes, please contact your local National Insurance Services (NIS) representative.
Resources: ACA Small Group Market Rule Repealed
