Healthier + happier employees =a healthier bottom line. That's math everyone can get behind.
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| What's new for Small Group AFA (5-50*)? |
Important News |
New Market Map
Since expanding AFA to more markets, we've updated our map of states where AFA is available. Keep the attached pdf handy for a quick review of where you can offer AFA to your clients.
PCORI Fee Reminder
Don't forget to let your clients know that their PCORI fee is due July 31. As a reminder, under the IRS final rule, issuers and plan sponsors are responsible for paying the PCORI fee, which is treated like an excise tax by the IRS. A federal excise tax return (Form 720) reporting liability for the fee must be filed by July 31 of the calendar year immediately following the last day of the plan year. To help make it easier, we offer our PCORI calculator. Click here to access the calculator on ProducerWorld.
Reminder - 30 Day Retro Termination Policy
You or an HR Administrator may process a retro termination of an employee within Springboard as long as the termination of the employee was in the last 30 days. For a detailed review of how to do this in Springboard, check out our user guides on the Springboard home page. If seeking an approval for special circumstances longer than 30 days, contact the Springboard Helpdesk.
Employer Application Reminder: It’s important to answer the ERISA Eligibility question correctly when completing the AFA Employer Application. Specifically, we are unable to quote Non-ERISA groups – if you indicate your group is Non-ERISA, we will decline to quote. If you are unsure whether or not your group is ERISA qualified, please visit https://www.dol.gov/general/topic/health-plans/erisa for more information.
Innovation Health Funding Advantage (IHFA) now on Springboard: Beginning with 9/1 effective dates, Innovation Health Funding Advantage new business groups will use Springboard Marketplace for member enrollment. You'll be able to complete administrative enrollment or open enrollment up for members to complete on their own in Springboard. Springboard offers helpful tools to guide members through plan selection. Plus, employees and spouses/partners who enroll in an Innovation Health Funding Advantage medical plan will be able to take advantage of our Apple Watch offer in Springboard.
Note: Only new IHFA groups that have had no prior Innovation Health ACA or IHFA coverage are eligible for Springboard at this time.
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AFA-related training information: We continue to have AFA training calls every week, on various topics, to help you better navigate AFA and answer any questions. Refer to the attached flyer for more details on Springboard Training.
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| *5-100 in CO, 10-50 in NV, 16-50 in DE and 26-50 in NC |
   
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| Aetna is the brand name used for products and services provided by one or more of the Aetna group of subsidiary companies, including Aetna Life Insurance Company and its affiliates (Aetna). Aetna Funding Advantage (AFA) plans are self-funded, meaning the benefits coverage is offered by the employer. Aetna Life Insurance Company only provides administrative services and offers stop loss insurance coverage to the employer. |
| If you have any questions, please Contact Us. |
| We are located at 151 Farmington Ave, Hartford, Connecticut 06156. |
| ©2018 Aetna Inc. The Aetna name and logo are registered trademarks. |
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