PPACA Compliance Sample Clauses
The PPACA Compliance clause ensures that the parties involved adhere to the requirements set forth by the Patient Protection and Affordable Care Act (PPACA). This typically involves obligations such as providing health coverage that meets minimum standards, reporting necessary information to government agencies, and avoiding practices that could result in penalties under the law. By including this clause, the agreement helps both parties remain compliant with federal healthcare regulations, thereby reducing the risk of legal penalties and ensuring that employee health benefits are managed in accordance with current law.
PPACA Compliance. In the event that any applicable provision of PPACA prohibits the application of any provision of this Section 5.16, the section shall be deemed modified to the extent necessary to comply with PPACA.
PPACA Compliance. The Trustees have elected “non-grandfathered” status for purposes of complying with the Patient Protection Affordable Care Act and have taken all measures in accordance therewith. For example, the Fund does not impose any lifetime or annual limits on essential health benefits nor does the Plan contain or impose any preexisting exclusions. The Plan provides preventative health services, including women’s preventative health services, as required by the PPACA.
PPACA Compliance. The parties further agree it is in their mutual interest that the health coverage available under this Agreement shall at all times comply with the Patient Protection and Affordable Care Act (“PPACA”), including standards relating to affordability, minimum value and minimum essential coverage and any chosen safe harbor relating to these and other compliance requirements. To the extent it is determined that the coverage available under this Agreement fails to meet any PPACA requirement or would otherwise trigger an assessable payment, statutory penalty or excise tax, the District shall negotiate with the Association to determine possible change(s) to ensure compliance or avoid such payments. Unless agreed upon by both parties during negotiations, the health coverage available under this Agreement shall not be unilaterally changed by the District.