Medical care insurance Early Renewals: Just what are the Issues?

This article was published by Lisa Klinger and Brian Louie

Most small group health insurance carriers have offered small groups plan sponsors an opportunity to early-renew by December 1, 2013 to delay the outcome in the Patient Protection and Affordable Care Act (PPACA) for their group health plan. Some large employers have been offered the ability to renew early, particularly employers with 50-99 employees who had been purchasing health insurance coverage coverage beneath a small-group policy. This post outlines the reason why for early renewal, the huge benefits and possible liabilities, along with other ramifications employers should be thinking about before choosing to resume early.

What is Early Renewal and Why is it on offer?

Early renewal only denotes that an employer whose current health insurance coverage contract would renew in 2014 will instead renew the documents adjusted December 1, 2013, on and on forward anything year will likely be December 1