<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=118459&amp;fmt=gif">
Show all

What to do about re-hired retirees

As January 1, 2014 quickly approaches, there are many aspects of healthcare reform to consider. One of the major concerns facing employers today, especially governmental employers, is the issue of re-hired retirees and its impact on the status of a retiree-only plan.

We have heard many voices in the marketplace with a variety of opinions on this issue. As a result, we are working diligently to ensure that we provide sound and accurate advice. Compliance with the new ACA mandates is our top priority. 

We will be announcing our official position about re-hired retirees and HRAs very shortly.

Please note: Compliance with the new rules are due at the beginning of the plan year beginning on or after January 1, 2014. Thus, many of you have until July before your new plan year begins and the new rules take effect. That said, we still consider this matter as urgent in nature.

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.

What’s next? Your ACA 2014 To-Do List
December 06, 2013
Helpful ACA Chart on HRAs, FSAs, Cafeteria Plans, and EAPs
December 06, 2013
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).