I have great news for all of my small group owners! We are now officially allowed to remain a small group with the current definitions. Please read the News Alert that came from Wellmark – a trusted source for all Iowans…of all ages…individual and groups!
Thank you for the trust and professional confidence that you continue to place in me and my agency…I appreciate you and your referrals!
Senate passes bill to keep small group definition 1–50
Following the recent House of Representatives decision, on Thursday, Oct. 1, the United States Senate passed legislation (H.R. 1624) to allow states to keep the current small group definition at 1 – 50 employees.
What’s next?
With legislation passed in the Senate, focus now moves to the President. The next step requires the President to sign the legislation for the bill to become law.
What does this mean?
If the President signs the bill into law, the small group definition will be determined at the state level. The Iowa and South Dakota state governments will be required to determine:
- If they want to keep the existing small group definition at 1–50 employees; or
- If they want to expand the small group definition to include groups with 1–100 employees.
I will keep everyone posted as more changes are announced.
