The IRS has released a notice expanding the circumstances under which individuals may drop their in-force health plan coverage and enroll in another plan. Employers now have the option to allow certain employees to drop group health coverage the employee purchased via the employer’s cafeteria plan and purchase health coverage through a Marketplace. More details can be found in a briefing we have prepared for our clients.
The briefing can be found at: //www.keenan.com/news/brief/2014/BRF_20141001_HCRCafeteriaPlanChanges_KA.pdf
The IRS notice can be found at: http://www.irs.gov/pub/irs-drop/n-14-55.pdf