Page 4 - 2013 EDITION COPE
P. 4
ISSUE YOUR
10 EMPLOYEE BENEFITS &
Industry Trends PPACA COMPLIANCE
RESOURCE
OCT 2 01 3
More and more employers are becoming anxious about compliance concerns surrounding their em-
ployee benefits—specifically health care insurance. Don’t wait until the last minute, be pro-active
and sign up for one of the many employer seminars/webinars facilitated by Salus Group.
. . Upcoming Events—Health Care Reform Meetings/Webinar
PEOPLE ARE this issue
PEOPLE ARE
RAVING ABOUT IT
RAVING ABOUT IT IMPORTANT NEWS P.1
Employee benefits compli- KYC —Keeping You Compliant P.2
2
Click here for more information, registration and other new dates and times. ance services from Salus
Group—Compliance Over- Compliance Question of the Month P.3
sight Program for Employers Industry Trends & Upcoming EventsP.4
(COPE).
COPE is a unique program
available to only Salus Group
FFMs Open For Business...well kind of
clients which combines sever- FFMs Open For Business...well kind of
al important and time-
consuming services to free
you of the hassle and devote The Federally Facilitated Market- Your plan is deemed
more time you’re your busi- places (FFMs), formerly known as “affordable” by meeting the af-
ness. the “Health Exchanges”, opened for fordability test.
Services in the COPE pro- business as promised on October
st
gram include: 1 . Well, maybe not for business, Coverage can be shopped now
just opened. but will not become effective until
Preparation of, and updates 01/01/2014. To see if they qualify
COPE Issue 9 OCT 2013 A Salus Group Publication © Copyright 2013 All Rights Reserved to, your Health & Welfare Plan The sheer overload of the number of for a tax credit or subsidy, they will
Document/SPD.
u se rs t ryin g t o lo g in to need specific information from their
Distribution of mandates no- www.healthcare.gov was too much last filed (2012) federal tax return.
tices to employees for the new system to handles at
COBRA services for employ- times. This caused error screens, Dual coverage (having your plan/
group coverage and an individual
delays in connecting into the system
ers who must offer COBRA
What Do You Think About COPE? Administration of all carrier and many unable to receives plan plan) is not permitted.
What Do You Think About COPE?
business written by Salus option and rates.
Group The FFM is only for non-Medicare
We are confident you will like the new name, the new format and added infor- If you have employees that have coverage options. People age 65
Consolidated billing of all in- stated they are, will or have looked or older or people younger than
mation. Your comments and suggestions are always welcome. surers through Salus Group age 65 with Medicare due to a total
at options on the FFM, here is a list disability are not eligible thru the
of things for them to consider:
Let us know. Send your comments and suggestions to Jim Fournier, Compli- ...and much more. FFM. Medicare coverage options,
ance Officer, at Salus Group, COPE@thesalusgroup.com. The largest advantage to COPE If they are eligible for your including Medigap plans, stand
is the preparation and mainte- health plan benefits, they will not alone Part D prescription plans
nance of your mandated plan be eligible for any federal tax and Medicare Advantage coverage
document for Health and Wel- credits or subsidies if: options are available at
fare Plans. www.medicare.gov.
Your plan meet the “minimum
This is not a new requirement, value” test (which most do)
but enforcement of and;
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