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June 6, 2014

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In This Issue
Burwell Nomination Approved With One Less Nay Vote Than Predicted
The Fix-It Bills Keep Dropping
CBO Estimates Fewer Americans Will Have to Pay Mandate Penalties
6055 and 6056 Employer Reporting Forms on Their Way
Save the Date! Compliance Corner Webinar - Thursday, June 19
Attention FFM Agents: What You Need to Know for Plan Year 2015
What's Happening in Washington
What We’re Reading
Tools
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Burwell Nomination Approved With One Less Nay Vote Than Predicted
Yesterday, the United States Senate confirmed Sylvia Matthews Burwell as President Obama's new secretary of the Department of Health and Human Services (HHS) by a vote of 78-17. Twenty-four Republicans joined Democrats and independent senators to vote in favor of the confirmation. Dedicated readers, please take note that this was only one nay vote short of the prediction offered by the Washington Update last week. We are sure Senator Mike Lee (R-UT) had a super important phone call or an urgent constituent meeting in Utah... Read More
The Fix-It Bills Keep Dropping
The Department of Health and Human Services (HHS) may have a new secretary, but that hasn’t stopped Congress from seeking some health reform fixes legislatively. In the House of Representatives, Representative Luke Messer (R-IN) recently introduced H.R. 4775, the Safeguarding Classrooms Hurt by Obamacare's Obligatory Levies (SCHOOL) Act, a bill that would exempt K-12 schools, institutions of higher education and state and local education agencies from the health law's employer mandate. As we are all already well aware, the employer mandate for qualifying employers... Read More
CBO Estimates Fewer Americans Will Have to Pay Mandate Penalties
The Congressional Budget Office (CBO) and Joint Committee on Taxation amended their estimate of how many Americans will actually have to pay the fine for not complying with the individual mandate. Originally, the CBO estimated that 6 million Americans would have to pay the fine of $95 or one percent of annual income, whichever is higher by April 15, 2015, for not having adequate coverage in 2014. In an updated study released this week, the CBO estimates that only 4 million people will have to pay the fine for 2014, or 2 million fewer people than last estimated in September 2012. This also means that the fine will generate about $3 billion less than previously expected... Read More
6055 and 6056 Employer Reporting Forms on Their Way
NAHU and coalition partners met with Department of the Treasury officials this week to see what is next on their health reform implementation agenda and it seems like the draft forms employers and health plans will need to use to document coverage offerings and take-up for enforcement of the individual and employer mandates under IRS Code sections 6055 and 6056 should be out for review very soon. The final employer and health plan reporting rules were released in March and the business community has been waiting for the actual reporting documents so that compliance systems can be built since then. Now it appears that draft forms may appear within days... Read More
Save the Date! Compliance Corner Webinar - Thursday, June 19
Be sure to mark your calendars for our next Compliance Corner webinar on Thursday, June 19, at 1:00 p.m. Eastern. Join Karen Kirkpatrick, senior compliance advisor at Infinisource, Inc., for a one-hour webinar on HIPAA special enrollment rights and special enrollment periods within the exchange marketplaces... Read More
Attention FFM Agents: What You Need to Know for Plan Year 2015
Earlier this week, the Centers for Medicare and Medicaid Services (CMS) released some important information for agents and brokers planning to sell on the federal exchange in 2015. As a reminder, in order to participate in the federally facilitated marketplace, agents and brokers must go through CMS training annually. The 2015 training will be released by CMS in July... Read More
What's Happening in Washington
The House will reconvene next week after a week-long recess. In a memo to the Republican Conference, Majority Leader Eric Cantor (R-VA) wrote that House Republicans would continue to work on a replacement to the health reform law, but did not provide policy specifics or a timeline. In addition, the House is expected to continue to take action on bills that would make permanent certain tax extenders... Read More
What We’re Reading
Personally our weekend is already packed with house guests, birthday parties, golf tournaments, swim team, the end of the year school and scout activities, but we do hope to get a few minutes of reading time in there too. If you too need a few quick links to escape to between darting from place to place over the next few days, check these out... Read More
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