Please provide the number of employees at your institution. The applicability of many state and federal requirements, including The Patient Protection and Affordable Care Act ("PPACA") (P.L. 111-148) is based on the number of employees in your group. These provisions require detailed information regarding total number of employees as defined under the federal government guidelines for small and large group classification. Fill in your Group Size Questionaire online or download the Group Size Questionaire.
The American Recovery and Reinvestment Act of 2009 (ARRA) was amended on December 19, 2009 by the Department of Defense Appropriations Act, 2010 (2010 DOD Act). ARRA provides for premium reductions for health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly called COBRA. Eligible individuals pay only 35 percent of their COBRA premiums and the remaining 65 percent is reimbursed to the coverage provider through a tax credit.
The 2010 DOD Act extended the COBRA premium reduction eligibility period for two months until February 28, 2010, and increased the maximum period for receiving the subsidy for an additional six months (from nine to 15 months). On March 3, 2010, the Temporary Extension Act of 2010 (HR 4691) further extended the period to apply for the ARRA premium reduction until March 31, 2010. On April 15, 2010 President Obama signed HR 4851 which extended the March 31, 2010 deadline until May 31, 2010. To qualify, individuals must experience the involuntary termination of a covered employee's employment during the period that began September 1, 2008 and ends on May 31, 2010. The premium reduction applies to periods of health coverage that begin on or after May 31, 2010 and lasts for up to 15 months.
Many WPS customers are wondering what these new provisions mean for their business. We have created the following documents to help you gain better understanding. You can also visit the
Department of Labor website for more information.