Coronavirus (COVID-19) News and Resources
Coronavirus (COVID-19) Webcasts
Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Enrolled Actuary
Loren D. Stark Company logo
Loren D. Stark Company
ESOP Valuation Writer
Unique ESOP Valuation Provider

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

That's a Wrap! The ACA Creates a New Excepted Benefit
Hill, Chesson & Woody Link to more items from this source
[Guidance Overview]
Jan. 20, 2014
"The proposed regulations describing Limited Wraparound Coverage begin with the assumption that employer-sponsored major medical plans are better than any plan an individual can purchase through the Marketplace ... [and] then assume that some employees will not be able to afford the employer-sponsored plan, will waive the coverage and instead purchase coverage in the Marketplace that costs less. In such a case, the employer might then be inclined to offer 'wraparound coverage' ... [which,] together with the Marketplace coverage, would be comparable to the employer-sponsored plan. Making all of this possible is the proposed rule that the wraparound coverage, subject to certain requirements, would be considered an excepted benefit and not subject to the market reform requirements of the ACA."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020, Inc.