Final Regulations Issued on 90-Day Waiting Period Maximum
Last week, the final rule prohibiting waiting periods in excess of 90 days was issued by the Department of Labor, Treasury Department, and Health and Human Services; the three agencies responsible for writing the regulations. The final rules are much the same as the previously issued proposed regulations. Also, included in the final regulations were amendments to the Health Insurance Affordability and Accountability Act (HIPAA) to bring them into compliance with the Affordable Care Act (ACA) regulations. Specifically, since plans will no longer be able to impose pre-existing condition exclusions on
individuals, insurers and plan sponsors will no longer be required to provide Certificates of Creditable Coverage beginning January 1, 2015.
The prohibition against waiting periods in excess of 90 days applies to all employers, large and small, that offer health coverage to full-time employees....
individuals, insurers and plan sponsors will no longer be required to provide Certificates of Creditable Coverage beginning January 1, 2015.
The prohibition against waiting periods in excess of 90 days applies to all employers, large and small, that offer health coverage to full-time employees....