In another delay for the federal healthcare law, some employers will have until 2015 to comply with new limits on out-of-pocket medical spending for consumers.
Federal regulators notified group health plans earlier this year that some would have an extra year to meet the new rules instead of January 2014 as originally proposed.
Last month, the Obama administration delayed another key piece of the Affordable Care Act by postponing until 2015 the requirement that large employers must offer employees health insurance.
The health law generally caps annual out-of-pocket medical costs at $6,350 for an individual and $12,700 …read more
Source: Fullerton Chamber of Commerce