Update on the “To Age 26” PPACA Provision / BBCG Solutions
Yesterday I read the results of a survey conducted by a large national HR consulting company which indicated that only 16% of employers intend to implement the “To Age 26” provision of PPACA early to accommodate graduating college seniors. Most existing plans, which are “grandfathered” by definition (i.e., in existence on March 23, 2010) will defer making the offering until the first anniversary/plan-year date following the mandatory statute date of September 23, 2010.
The Impact
1. Many graduating college seniors will not be eligible until January 2011 when the majority of plans have plan-year dates.
2. Some will have to wait even longer if plan-year date is later than January 1st.
3. Some could have to wait as long as August 2011 if the plan has an odd summer/fall plan-year date.
4. Same goes for other “adult children” up to age 26 who thought they would become eligible immediately.
BBCG brokers permanent individual coverage. However, we also have short-term temporary coverage for this type of situation. If you know anyone who falls into the above categories, please have them go to http://bocabenefits.com/ind_health.htm where they can access a self-directed quoting service from United Healthcare’s “UnitedHealthOne” (f/k/a Golden Rule) products. The second screen following the initial zip code screen allows for selection of the short-term product.
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