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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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Steve Smith

Steve Smith

Steve Smith is a powerhouse of energy, living by the mantra "work hard, play hard." As an expert in uniting teams for a greater purpose, Steve's innovative and creative strategies in employee health and wellness are game-changers. With over 25 years of expertise in health insurance, covering compliance, cost mitigation, utilization, analytics, wellness plans, and strategic planning, Steve is the go-to expert for driving down utilization trends and fostering a culture of well-being. His clients trust him to deliver exceptional results, making him an invaluable asset in the industry. As an Employee Benefits Consultant, Steve specializes in health care consulting for Minnesota public sector organizations including fully insured, self-insured, and stop-loss plans. Steve is a licensed insurance agent and holds the designations for Managed Healthcare Professional (The Health Insurance Association of America), Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters), and Group Benefits Disability Specialist (Hartford School of Insurance).