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Obamacare - Collapsing? No (but there are changes coming a-plenty)

We posted a blog, which was written 4 days before the health-care program was turned upside down.  Not  really upside down,but calculated to hold off employer mandated group coverage (confusing at best, sinister at worst) and to accelerate individual plan enrollments for free health insurance. 

We couldn't stop the electronic send that was put in motion before last week's news about halting portions of Obamacare.  Most of you know what's happening with the delay of group enrollments.  Although it's been publicized on talk radio, you may not be aware of the impact on individual enrollments.  Here's the non-partisan scoop from one of our health care service vendors, 6887Word & Brown Companies: 

"In the past week, the U.S. Department of Health & Human Services, the Treasury Department, and the Obama Administration have announced two important changes to the implementation of the Affordable Care Act (ACA).

  1. Employer Mandate Postponed: The ACA requirement for employers with at least 50 full-time employees to provide health coverage is now scheduled to take effect in January of 2015 instead of 2014. While some experts say the one-year delay of the employer mandate probably won't have a huge impact on health reform implementation (because a majority of 50+ employers already offer health coverage), the postponement does give the Treasury Department and employers more time to work out the necessary coverage reporting requirements.
  2. Coverage and Income Verification Delayed:  The government also announced it will move to an "honor system" in 2014 for coverage and income verification. States operating marketplaces (i.e., exchanges) will not be required to confirm a consumer's statement that he or she does not have employer-sponsored coverage, nor will states have to verify reported income, which determines a person's eligibility for a premium subsidy. Income verification has been postponed until 2015. However, consumers who misrepresent their income on the application for exchange coverage are subject to a penalty of up to $25,000.

The program is morphing all the time - into what, we are not sure.  So, keep tuned in to our blogs on health care!
 
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