With the seemingly endless flow of guidance, updates, notices, and delays swirling about relative to the Affordable Care Act (ACA), a rather important piece of guidance may have been overlooked. Issued jointly by the Department of Labor (DOL) and Health and Human Services (HHS) earlier this month (May 2, 2014), this guidance provides an opportunity for individuals enrolled in COBRA coverage the option to dis-enroll in their COBRA coverage, and enroll in potentially lower cost individual health insurance coverage, FOR A LIMITED TIME. (Click - http://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/SEP-and-hardship-FAQ-5-1-2014.pdf )
This week's post addresses this guidance and provides additional information related to the transection of COBRA and the ACA.
To access the complete article, click - https://smstevensandassociates.com/ResourceLibrary/tabid/192/Default.aspx