Health Benefits News

*Viewing This Archive*

*If you are having any difficulties viewing these documents please update your free Adobe Reader software at:

http://get.adobe.com/reader/

Employer Penalties under PPACA

Several business owners in Nevada have been asking about employer penalties regarding employees not covered under their health insurance plan. Here is a helpful flowchart we found.

Also visit: https://www.aetna.com/health-reform-connection/questions-answers/employer-penalties.html

And: http://www.ncsl.org/documents/health/EmployerPenalties.pdf

Take note that full time employees and full time equivalent workers are not the same. If you are calculating this for your business, please give us a call and we would be happy to calculate this for you.

775-828-1216

Alex

HHS recommends cessation of the CLASS program within PPACA

The department of Health and Human Services (HHS) has officially recommended a halt to the implementation of the Community Living Assistance and Support (CLASS) program as delineated by the health care overhaul PPACA.

-

The CLASS program director released a memorandum to the HHS  office today detailing the insurmountable challenges facing this piece of legislation.

-

 A summary of this memo published by the National Association of Health Underwriters (NAHU) identifies the finer points as:

-

-Implementation of the CLASS  provisions would exceed the statutory authority of HHS and risk violating the law.

-

-The CLASS act vesting period would have garnered $70 billion dollars in deficit reduction over 10 years.

-

Health Care Reform Changes for 2012

United Healthcare has published a guide for employers and their employees on what to expect regarding Healthcare Reform implementation in 2012 and beyond.

Significant changes for employers include:

-

- Benefit reporting on employee W2 forms

-

-Federally mandated employee benefit notices

-

-The small business tax credit

-

-The implementation of the Medical Loss Ratio requirement

-

-The expected impact of Health Insurance Exchanges on employers

-

This guide also summarizes the changes that have already been enacted, and looks further down the road to the full implementation of Health Care Reform in 2018.

Stay tuned to HealthBenefitsNews.Com for the latest updates.

Wellness and Preventative Measures

Wellness and prevention summary from NAHU

_

Grandfathered Plans

Link* – Anthem’s Grandfathering Your Health Plan Decision Tool

_

Update from Saint Mary’s for Employer Group Clients

_

NAHU Issue Brief on Grandfathered Plans

_

CRS Report on Grandfathered Health Plans

_

Link* – HealthReform.Gov – Benefits of a New Plan Vs. a Grandfathered Plan

_

High Risk Pools

HHS – High Risk Pool Fact Sheet

_

States That Already Have Risk Pools – MS Word Document Download

_

Dependent Coverage through age 26

Extension of Dependent Benefits to Age 26 – FAQ

_

The Employer Tax Credit

Employer Tax Credit Analysis – Short Form

_

Employer Tax Credit Analysis - Long Form

_

IRS – 3 Simple Steps to See if Your Company Qualifies

_

IRS – Small Employer Tax Update – State Average Costs

_

NFIB Link – Small Employer Health Care Tax Credit Estimator

_

New Legislation – Immediate Benefits & Timelines

New Legislation – Immediate Benefits Summary

_

Implementation Timeline – NAHU

_