The Center for Consumer Information and Insurance Oversight (CCIIO) has issued a bulletin that could affect the ability of personal health account programs to continue to operate after Jan. 1, 2014.
Officials at CCIIO, an arm of the U.S. Department of Health and Human Services (HHS), say in the Actuarial Value and Cost-Sharing Reductions Bulletin that they plan to include employer health savings account (HSA) annual contributions and health reimbursement arrangement (HRA) contributions in actuarial value calculations, if the accounts are linked to high-deductible health plans (HDHPs).
PPACA Section 1302(d)(2)(B) directs the secretary of the U.S. Department of Health and Human Services (HHS) to issue regulations that will incorporate employer HSA contributions in HSA program actuarial value calculations.
Officials at CCIIO say leaving employer contributions out of actuarial value calculations could understate the value of coverage.
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