REG-118412-10- Interim Final Rules for Group Health Plans and Health Insurance Coverage Relating to Status as a Grandfathered Health Plan under the Patient Protection and Affordable Care Act (TD XXXX)
ICR 201008-1545-023 · OMB 1545-2178 · Historical Active
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REG-118412-10- Interim Final Rules for Group Health Plans and Health Insurance Coverage Relating to Status as a Grandfathered Health Plan under the Patient Protection and Affordable Care Act (TD XXXX)
New collection (Request for a new OMB Control Number)
This document contains interim final regulations implementing the rules for group health plans and health insurance coverage in the group and individual markets under provisions of the Patient Protection and Affordable Care Act regarding status as a grandfathered health plan.
This document contains interim final regulations implementing the rules for group health plans and health insurance coverage in the group and individual markets under provisions of the Patient Protection and Affordable Care Act regarding status as a grandfathered health plan.
The Departments assume that 2,151,000 ERISA covered plans will need to notify 56,347,000 million policy holders of their plan's grandfathered health plan status. The Departments estimate that meeting the disclosure requirement will require time one minute of clerical time and two minutes of human resource professional time, resulting in a one-time hours burden of approximately 108,000 hours. The recordkeeping burden will require five minutes of legal professional time and ten minutes of clerical time, resulting in an hour burden of approximately 538,000 hours. This results in a one-time hours burden of approximately 645,000 hours. This hours burden has been split in half between the two agencies responsible for administering this requirement with respect to plans in the private sector -- IRS and the Employee Benefits Security Administration -- assigning each of them a one-time hours burden of 323,000.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Supporting Statement for REG-118412-10-2.pdf
REG-118412-10 - Interim Final Rules for Group Health Plans and Health Insurance Coverage Relating to Status as a Grandfathered Health Plan under the Patient Protection and Affordable Care Act