Just released today from BCBSTX
Preview: Transitional Policy for Small Groups (2-50) Plans
Recently, federal and state agencies approved an extension of guidance from November 2013 that allows Blue Cross and Blue Shield of Texas (BCBSTX) the option to renew, for an additional two years, non-grandfathered small group (2-50) plans that do not meet Affordable Care Act (ACA) requirements.
This extension is for policy years beginning on or before Oct. 1, 2013. (Non-grandfathered plans are considered those issued after March 23, 2010, but prior to Jan. 1, 2014.)
Groups renewing September through December 2014 WILL RECEIVE the Transitional Policy option in their Renewal Exhibit. Should a group elect to remain in their current policy, no further action will be required. However, if the group chooses to move to a new, ACA metallic benefit plan(s), the required paperwork will be requested in advance of the renewal effective date to ensure enough time is provided for processing.
The paperwork date requirements are being finalized and will be shared with you as soon as they are available. Additionally, the timeline requirements will be emphasized in future communications to group employers.
For more information, contact your BCBSTX representative.
Preview: Transitional Policy for Small Groups (2-50) Plans
Recently, federal and state agencies approved an extension of guidance from November 2013 that allows Blue Cross and Blue Shield of Texas (BCBSTX) the option to renew, for an additional two years, non-grandfathered small group (2-50) plans that do not meet Affordable Care Act (ACA) requirements.
This extension is for policy years beginning on or before Oct. 1, 2013. (Non-grandfathered plans are considered those issued after March 23, 2010, but prior to Jan. 1, 2014.)
Groups renewing September through December 2014 WILL RECEIVE the Transitional Policy option in their Renewal Exhibit. Should a group elect to remain in their current policy, no further action will be required. However, if the group chooses to move to a new, ACA metallic benefit plan(s), the required paperwork will be requested in advance of the renewal effective date to ensure enough time is provided for processing.
The paperwork date requirements are being finalized and will be shared with you as soon as they are available. Additionally, the timeline requirements will be emphasized in future communications to group employers.
For more information, contact your BCBSTX representative.
