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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif"">We wanted to pass along information about the recent IRS ruling that will provide employers additional time to prepare to avoid the “Play or Pay” penalties under federal healthcare
reform.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
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<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:11.0pt;font-family:"Arial","sans-serif"">On July 2, 2013, the Obama Administration unexpectedly announced that employers will be provided an additional year, until 2015, before any penalties
are assessed under the employer play-or-pay mandate in PPACA (i.e., both the $2,000 and $3,000 per year employer penalties are delayed to 2015). While we believe this will mean October 1, 2015, for educational entities participating in OEBB, that has not
yet been confirmed and we will pass additional details on to you as they become available. In addition, the mandatory employer and insurer reporting requirements (including identification of full-time employees and their months of coverage) under IRC section
6055 and 6056 are also delayed for a year.<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:11.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif"">According to the news release, the delay will not affect employees’ access to the premium tax credits available under the ACA (nor any other provision of the ACA). R</span><span lang="EN" style="font-size:11.0pt;font-family:"Arial","sans-serif"">ules
regarding the delay will be proposed this summer. Towers Watson will be monitoring all developments.
</span><span style="font-size:11.0pt;font-family:"Arial","sans-serif"">OEBB is working closely with Towers Watson to prepare additional information and guidance to all educational entities participating in OEBB benefit plans on this important topic. We anticipate
the first monthly Bulletin to be distributed within the next week or two. Towers Watson and OEBB will also be presenting information on healthcare reform at the OASBO conference at the end of this month and are preparing for at least one more informational
webinar on this subject.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif"">Although the effective date of this provision has been delayed, it is OEBB’s intent to continue to provide additional information and tools that will help educational entities
through the measurement process and compliance with the “Play or Pay” mandates.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:13.5pt;font-family:Pristina;color:#1F497D">Denise L. Hall</span></b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Deputy Administrator</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Oregon Educators Benefit Board</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">1225 Ferry Street SE</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Salem, OR 97301-4281</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">(503) 378-5133</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">(503) 378-5832 FAX</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">*****CONFIDENTIALITY NOTICE*****<br>
<br>
This e-mail may contain information that is privileged, confidential, or otherwise exempt from disclosure under applicable law. If you are not the addressee or it appears from the context or otherwise that you have received this e-mail in error, please advise
me immediately by reply e-mail, keep the contents confidential, and immediately delete the message and any attachments from your system.
<br>
<br>
************************************<o:p></o:p></span></p>
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