FOR IMMEDIATE RELEASE
VIRGINIA BEACH, VA— Many employers are naturally confused about the ACA and how the logistical challenges the government is having with its implementation will affect them and their employers. Failure to comply can result in costly mistakes and penalties. TFA Benefits will address the latest issues with the Affordable Care Act during a series of Healthcare Reform and Compliance Training seminars to take place in Newport News and Virginia Beach.
Newport News Meetings:
TowneBank Building, 1 Old Oyster Point
3rd Floor Board Room, Newport News, VA 23602
Thursday, November 7, Small Employers, 9 – 10 am
Thursday, November 7 Large, 11 am – Noon
Tuesday, November 26, Small Employers, 9 – 10 am
Thursday, December 5, Small Employers, 9 – 10 am
Thursday, December 5, Large Employers, 11 am – Noon
Virginia Beach Meetings:
TFA Benefits Building, 397 Little Neck Road
3rd Floor Conf. Room, Virginia Beach, VA 23452
Friday, November 15, Small Employers, 9 – 10 am
Wednesday, November 20, Small Employers, 9 – 10 am
Wednesday, November 20, Large Employers, 11 am – Noon
Thursday, November 21, Small Employers, 9 – 10 am
Thursday, November 21, Large Employers, 11 am – Noon
Wednesday, December 4, Small Employers, 9 – 10 am
Wednesday, December 4, Large Employers, 11 am – Noon
For questions or to register, contact Corbin Granger, Compliance Training Specialist, at 757-227-6167, or email corbingranger@tfabenefits.com
These programs are designed for business owners, CFOs, CEOs, HR professionals, Employee Benefits administrators, and office managers. Corbin Granger, Compliance Training Specialist, says different requirements apply based on the size of each company’s workforce. “Regardless of the size and nature of the business, a company needs to understand the ACA and its requirements, inform and notify employees about important deadlines, review existing plans and make informed choices to provide optimal employee coverage.”
In addition to the seminars, Granger also says employers need to be aware of other important DEADLINES which are just around the corner:
Early Renewal Decisions from the Employer Side
Small groups under 50 employees can elect for early renewal so that they can delay any impacts of healthcare reform until December 2014. “Employers can decide,” says Granger, “whether to do early renewal depending on whether the new rates look better or worse for them. Early renewal for Anthem Employer Groups is December 1.”
Medicare Creditable Coverage Certification
On November 15, 2013 employers must go online and certify whether their plans are creditable or not. The requirement is to complete the Online Disclosure to CMS Form to report the creditable coverage status of the company prescription drug plan. The Disclosure should be completed annually, no later than 60 days from the beginning of a plan year (contract year, renewal year), within 30 days after termination of a prescription drug plan, or within 30 days after any change in creditable coverage status.
Rolling Renewals
As each employer group renews, employees can enroll individually on the first of the month following 60 days of employment.
To speak with a TFA Benefits expert for more information, contact Senior Accounts Manager Dee Dee Becker, Rubin Communications, at 757-572-1154.
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