CHANGES Due to the “Patient Protection Affordable Care Act” (PPACA)
Notice for the members of the
SC MUNICIPAL EMPLOYEES BENEFIT FUND
CHANGES in the January Enrollment Compliance and more
in the “Patient Protection Affordable Care Act” (PPACA)
Previous Requirement for Annual Enrollment and
the “$2.00” Fee ELIMINATED for Dental & Optical
In its continuing effort to comply with the ever-changing landscape of PPACA and its regulations, in February 2014 the Board of Trustees modified certain plan administration requirements and benefit designs previously adopted in October 2013. An explanation of those changes is detailed in the upcoming Newsletter due to be mailed by the end of March.
The requirements directing the Fund to charge a “nominal fee” ($2.00) for the Fund’s Dental and Optical benefits and annually enroll all members for participation in the dental and optical plans are no longer required.
However, the Fund must offer new members an opportunity to “Elect” or “Opt-Out” of the Fund’s Dental and/or Optical Benefits upon enrollment and our current members must have the “Right-to-Opt-Out” of this coverage annually, all without the need for a fee.
Members who wish to “Opt-Out” of Fund coverage for Dental and/or Optical Benefits will simply need to advise the Fund of their decision to do so, in writing. The Fund will mail the “Right-to-Opt-Out” notice option to each eligible member annually in July.
As of March 26, 2014
Categories: Fund Updates