©June 17, 2013 by BCL Systems, Inc.

Do I have to offer COBRA coverage after the Affordable Care Act is implemented?

Employers must still offer COBRA coverage

Why would someone elect COBRA?

The Health Insurance Marketplaces will be available after January 1, 2014. . .

Timing

Length of Enrollment Process

May leave a gap in coverage

Benefits

Dental

EAP

Medical FSAVision

HRA

Deductibles & Co-Pays

Employer Plan vs. Health Insurance

Marketplace

Health Insurance

Marketplace

Employer Health

Plan

Premium Tax Credit

No Premium Tax Credit

Price

Will my doctor or hospital accept a new insurance plan?

Familiar with Employer Health Plan

Unsure about Health Insurance Marketplace Plans

All COBRA Notices and Regulations still apply after January 1, 2014 ACA

Enrollments

Do employers need to change anything?

Modify COBRA Election Notice to include ACA Model Language

Certificate of Creditable Coverage no longer required after 12/31/2014

Coordination with Health Insurance Marketplace

Additional Reporting Requirements

Communicate...Communicate...Communicate!

To Avoid Possible Misunderstandings