National Association of Insurance and Financial Advisors

Senate Passes PACE ACT

With the Senate today passing S. 1099, both chambers of Congress have now passed the Protecting Affordable Coverage for Employees (PACE) Act, which will ensure that small group markets remain defined as 1-50 employees rather than change to 1-100 employees on Jan. 1, 2016.

On Sept. 28, the House passed H.R. 1624. The Obama Adminisration will now consider the combined legislation.

“Small businesses often rely on NAIFA members to advise them on appropriate health insurance and employee benefits coverage for their employees,” said NAIFA CEO Kevin Mayeux, CAE. “This bipartisan modification to the ACA will help NAIFA members continue to serve their small employer clients and avoid plan disruption for employers with 51-100 employees.”

Without a modification, employers with 51-100 employees will not be able to keep their current health care plans or purchase or renew plans that do not conform to the new regulations, Mayeux added.

NAIFA supports a number of targeted revisions to ensure implementation continues to provide access to affordable healthcare in a sustainable competitive insurance market, without jeopardizing the high quality of care and service expected by consumers..
  • Posted October 1, 2015 IN

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