Stakeholders Have Until March 6 To Comment On Association Health Plan Proposal
On January 5, 2018, the U.S. Department of Labor (DOL) issued a notice of proposed rulemaking (NPRM) asking for comments on Association Health Plans, or AHPs, which allow small companies to pool their employees for the purpose of buying health insurance.
As Managed Healthcare explained, these plans would allow smaller employers to take “advantage of the additional value and reduced administrative expenses that larger-group plans offer.” In other words, AHPs could be a cost savings mechanism for employers.
The DOL will accept comments from companies, individuals, and other stakeholders until March 6, 2018. According to the National Association of Manufacturers, DOL’s proposed regulations would allow existing associations and groups to join to provide health insurance to member employers and employees under one group health plan. The department also proposed to allow associations and groups to form for the purposes of offering health insurance under the banner of common industry or common geography.
The Metals Service Center Institute encourages its members to submit comments to the DOL if they would potentially be interested in forming or joining an AHP.