Year

Change to UCAR plans

Status

2010

Dependents may stay on UCAR plans until age 26; effective June 1, 2010

Completed.

2011

▪   Dependents up to age 26 may enroll in UCAR plans.
▪   Elimination of lifetime maximums

▪   Flexible Spending Accounts (FSA)/ Health Savings Accounts (HSA) cannot be used for over-the-counter medicines without a prescription.
▪   HSA tax penalty for removing non-medical costs increases from 10% to 20%.

▪   Preventive care paid at 100%.

▪   Will be addressed in 2011 Open Enrollment.
▪   Plans already have no lifetime maximum.

▪   New

▪   New

▪   Co-payments on certain plans no longer apply.

2012

The W-2 for year 2011 will show the value of health care benefits paid in 2011.

The value of health care benefits is not taxable.  This is an initial tracking of companies offering health insurance throughout the United States. 

2013

FSA limited to $2,500

Current UCAR limit is $10,000.

2014

A variety of changes will come occur in 2014.
▪   “Pay or Play”

▪   Other changes address health insurance exchanges, subsidies, vouchers, automatic enrollment into health plans, maximum deductible limits.

The impact of these changes on UCAR have yet to be determined.
▪   Employers will either offer coverage to employees or pay to help finance subsidies for those without access to affordable coverage.
▪   To be determined and will be communicated as 2014 approaches.

2015 - 2017

No changes scheduled for 3 years.

2018

The legislation begins to impact companies monetarily.
▪   “Cadillac Tax” – 40% excise tax on health benefits for “high value” plans.  Includes medical plans, FSA and HSA.  Excludes dental

▪   To be determined and will be communicated as 2018 approaches.