28 Oct Compliance Recap Post Government Shutdown
Original content from United Benefit Advisors (UBA)
Because of the government shutdown, very little has been issued in the way of regulations or notices during October. Several items of interest to group health plans were released in September, however.
A1: Plans may not impose a waiting period longer than 90 days as of the start of the 2014 plan year. So, a plan with a June 1 plan year does not need to meet the waiting period requirement until June 1.
A2: The waiting period limit is fully effective as of the start of the 2014 plan year. This means that starting on that date an employee may not be required to wait more than 90 days from his eligibility date to enroll, even if he was hired under the old plan terms.