“I’m actually going to decline comment on this,” said Treasury spokeswoman Erin Donar, when asked about the agency’s review. The agencies have stayed silent on the matter despite repeated queries. HHS designed the calculator, but Treasury is charged with enforcing the minimum-value standard. “The only question is when they are going to make it effective.” No final decision has been made by the administration on blocking the plans, sources emphasized.īut “my best guess is that they will kill them,” said Frasier Ives, a benefits consultant for Wells Fargo Insurance who has talked to Treasury officials about the matter. Offering minimum-value insurance at an affordable price spares companies from fines of as much as $3,120 per worker next year.Īs previously reported by Kaiser Health News and the Washington Post, industry executives were surprised this summer to see consultants selling calculator-approved plans that lack hospital insurance and cost half as much as similar coverage with hospitalization.Įmployees offered minimum-value coverage at work, even if it lacks hospital benefits, are barred from federal subsidies to buy policies in the Affordable Care Act’s online marketplaces. Successfully completing it is one way for large companies to certify whether their plans meet a “minimum-value” of benefits, the health law’s toughest requirement for large employers – generally those with 50 or more workers. ![]() It can be republished for free ( details). This KHN story also ran in the Washington Post.
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