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Change to Small Group PPACA Renewal Approach On Wednesday, March 5, 2014, the U.S. Health and Human Services (HHS) department announced that its November 2013 transitional guidance was extended for up to two years. This extension allowed insurers – with concurrence from their state insurance commissioner – to offer small groups (50 or fewer employees) the option to renew their non- PPACA health plans beyond 2013. This guidance allowed small groups to retain their coverage until October 1, 2017 as the carrier decides on an annual basis. Capital BlueCross elected to offer small groups with renewal dates beginning in June 2014 the transitional relief policy. For more information on the transitional relief policy, see Producer Communication #671-Small Group Renewal and Individual Plan Updates. Beginning January 1, 2016, small group will be defined as a group having 100 or fewer employees during the calendar year proceeding the renewal date, thus allowing transitional relief to our Mid-Market groups as well. Download the complete communication. |
