For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Compliance May 11, 2010
Rules Bar Young Person Health Surcharges
May 11, 2010 (PLANSPONSOR.com) – Insurers and plans are barred from tacking on a surcharge for health coverage for young adults who had lost the coverage when they were no longer a dependent.
Reported by Fred Schneyer
The U.S. Department of Health and Human Services (HHS) offered that explanation of one provision of the Affordable Care Act that requires plans and insurers to make such coverage available until the person reaches 26 years old.
“The qualified young adult cannot be required to pay more for coverage than similarly situated individuals who did not lose coverage due to the loss of dependent status,” the HHS document stated.
More information can be found on https://www.healthcare.gov/.
You Might Also Like:
Products |
BrightPlan Unveils New Solutions to HR Challenges
The financial wellness service provider is launching new solutions aimed at helping employers tackle four key HR challenges.
Increasing Health Care Costs Have Implications for Retirement Savings
If one adds annual spending figures, in today’s dollars, if you’re “average,” one can expect costs to be $414,000 over...
Mercer-Vanguard Health Savings Model Urges Personalized Planning
Workers with generous employer health care benefits that may not be offered in retirement and those at higher risk of...