Oct 14

HHS recommends cessation of the CLASS program within PPACA

Posted on October 14, 2011 by admin

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.

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

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

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

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

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Oct 11

Health Care Reform Changes for 2012

Posted on October 11, 2011 by admin

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:

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- Benefit reporting on employee W2 forms

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-Federally mandated employee benefit notices

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-The small business tax credit

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-The implementation of the Medical Loss Ratio requirement

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-The expected impact of Health Insurance Exchanges on employers

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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.