President Biden recently signed a bill ending the COVID-19 National Emergency and company leaders will need to review the implications for organizations and employees in the coming weeks.
In a nutshell, any deadlines and time periods that were extended as part of the National Emergency will start to run again on June 9, 2023.
Examples include:
So, with the extensions no longer in effect, we’ll be going to go back to the traditional periods, such as COBRA which allows 60 days after loss of coverage to elect COBRA coverage.
In addition to these deadlines, there are other impacts for companies and employees. For example, under the National Emergency, COVID testing and treatment were offered at no costs to employees. Now, health plans will be free to institute cost-sharing measures with covered individuals just like any other health care they seek. Vaccinations will continue to be offered free of charge.
I recently spoke with InBusiness Magazine and dug into the various implications for employers and the steps they need to take. I encourage you to take a look and, if you have any questions, reach out to your McClone Strategic Risk Advisor.