The Department of Finance released final regulations on the Affordable Care Act of 0-day waiting period restrictions. The final rule clarifies how the 0-day waiting period working with an employee orientation phase.
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The recent builds final rule on the 0-day waiting period rules published in February 2014. The final regulations into force on 15 August 2014 and impact group health plans, including self-funded plans, with the plan beginning 2015 on or after 1 January
here are the main points:
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, the "waiting time" is further defined as the time that must pass before coverage for an otherwise eligible employee or dependent effect.
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be otherwise enroll to participate in a plan means to have fulfilled the plan of the substantive conditions.
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The plan may still substantive eligibility criteria imposed, but it can not impose conditions for the purposes of the processing time. For example, it may contain in an appropriate job classification is to achieve occupational licensure requirements specified in the schedule of conditions or a reasonable and bona fide employment to fulfill based orientation phase.
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The maximum length of any reasonable and bona fide employment-based orientation phase is defined as one (1) month.
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After an individual intended to cover under the otherwise come into consideration conditions of the plan can not extend for 0 days either wait. All calendar days from the filing date, including weekends and holidays.
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Compliance with the waiting time and training time is not decisive for compliance with the "employer mandate" in which an applicable large employer, charges may apply if it fails affordable minimum coverage of certain newly-hired full-time employees from the first day of the fourth full calendar month of employment.
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