By Sheryl Simmons, Chief Human Resources Officer
“Repeal and Replace” has become a daily staple of our national newsfeeds. Our blog sites, Twitter streams and LinkedIn feeds continue to swirl around the current state of the Affordable Care Act (ACA). Regardless of the chatter and possible outcomes, employers still need to look at their current operating strategies to make sure they’re ACA compliant. As much as employers were looking for a modicum of ACA reporting relief, it didn’t happen. The looming ACA requirements are still the law of the land.
One such requirement is the deadline for using the new Summary of Benefits and Coverage (SBC) template, which is now. The SBC instructions state that these new templates must be used beginning on the first day of the first open enrollment period that begins on or after April 1, 2017, with respect to coverage for the plan years beginning on or after that date. This applies to all fall and January 1, 2018 plan years.
If you’re feeling uneasy about the state of your ACA compliance, check out the following information shared by the Centers for Medicare & Medicaid Services (CMS), here. And, don’t forget, our (me)ACA SERVICES™ may be able to help with everything from data collection to form distribution. Check out how we helped the University of North Carolina (UNC) nail ACA reporting in our case study, “Conquering Compliance: How UNC did it in less than six months.”