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Determine Your PPACA Compliance Deadline for Fiscal Year (Non-Calendar) Health Plan

In January of 2013, the Department of Labor announced “transition relief” for employers with non-calendar fiscal year health plans. This is welcome news to many school districts and other local governmental entities that do not follow the typical January to December plan year. This buys you some extra time to plan your PPACA strategy.

If your plan is a non-calendar year plan as of December 27, 2012, you may qualify for this transitional relief. If you do qualify, PPACA mandates and penalties don’t take effect until the first day of your health plan year in 2014. This relief delays budgeting and bargaining issues brought about by the original January 1, 2014, deadline.

For more detailed information, download our legislative brief or view the actual legislation.

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Ken Zastrow

Ken Zastrow

Ken Zastrow enjoys establishing a strong rapport with his clients. He believes that education is key in helping them understand their benefit plans. Ken has a strong background in both active and post-employment benefit strategies. As Employee Benefits Consultant at National Insurance Services, Ken is responsible for the overall assessment and management of all an employer’s benefit plans including claim reconciliation, policy changes, renewals, and medical and dental analytics. He is also well versed in compliance, benefit integration, and early retiree benefits. Ken is a licensed health and life insurance agent, working with schools, cities, and counties in the Midwest Region.