April 23, 2015
On April 16, 2015, President Obama signed into law the Medicare Access and CHIP Reauthorization Act (CHIPRA) of 2015. The Act enacts a permanent fix to the problem of physician payments under the Medicare program (called the “sustainable growth rate” or “doc fix” issue). The law also increases the amount payable by certain high-income Medicare beneficiaries for Medicare Part B and Part D premiums. In addition, the law preserves the Children’s Health Insurance Program (CHIP) by appropriating funds through the end of fiscal year 2017, or September 30, 2017. Plan sponsor obligations with respect to special enrollment and CHIPRA notices will continue in the same manner as under existing law.
To read more about CHIPRA notices, please reference our past Capital Checkup, “Multiemployer Health Plans May Notify Participants about CHIP/Medicaid Programs.”
If you have any questions, please contact your Segal consultant or send us a note.
Sibson helps our clients navigate the maze of federal, state and local laws and regulations related to benefit plans.Learn more about our compliance services