The Centers for Medicare and
Medicaid Services and the Department of Treasury issued regulations
this week on numerous aspects of the Affordable Care Act. To the
surprise of very few, another extension was the major news in these
releases.
Here We Go
Again.....Politics meets Health Care Policy
The healthcare.gov
fiasco coincided with the individual policy cancellation tsunami and
the results was a gigantic mess which still begs for resolution. The
Obama administration eventually provided an option for states to
extend ACA non-compliant policies for one year.
This year expires just prior
to the mid-term elections, causing a (smaller) torrent of
cancellation notices. Prudence being the better part of political
non-valor, there is now an option for states to extend the policies
for two years until renewals effective October 1, 2016 and after.
Extra Enrollment Month
An extra month was added to
the upcoming enrollment season, which coincidentally starts AFTER the
midterm election. New deadline is February 15th, 2015.
Out of Pocket Maximums
For 2015, $6,600 for
individuals and $13,200 for families. For some a decrease, for many
an increase.
Treasury Rules and Regs
for Reporting
The IRS is charged with
collecting ridiculous amounts of data, is the heavy hand of penalty
enforcement and will distribute tax credits.
SHOP
The small business program
MAY be delayed, or maybe not. Management by chaos.
And so......
The slow, painful,
dysfunctional implementation of the Affordable Care Act continues.
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