Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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New York Announces 2020 HCRA Covered-Lives Assessment Rates
Mercer Jan. 29, 2020 "[The New York Health Care Reform Act (HCRA)] imposes on 'electing' health claim payers -- including self-funded plans -- an annual [covered lives assessment (CLA)] ... Nonelecting payers are not subject to the annual CLA but may incur significantly higher surcharges on certain in-state hospital expenses.... New York City has the highest annual CLA for electing payers: $173.53 per individual with self-only coverage and $572.66 per individual with family coverage. However, in Long Island, the CLA per covered individual shrinks to $60.60 (self) and $199.97 (family). The CLA drops as low as $8.85 (self) and $29.19 (family) in the Utica region." |
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