Health Benefits News

Employer Penalties under PPACA

admin — Tue, 13 Dec 2011 00:02:13 +0000

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

admin — Fri, 14 Oct 2011 22:14:57 +0000

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.

Health Care Reform Changes for 2012

admin — Tue, 11 Oct 2011 16:37:57 +0000

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.

Wellness and Preventative Measures

admin — Fri, 21 May 2010 16:36:37 +0000

Wellness and prevention summary from NAHU

Grandfathered Plans

admin — Fri, 14 May 2010 21:40:25 +0000

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

Update from Saint Mary’s for Employer Group Clients

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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

admin — Mon, 03 May 2010 23:29:08 +0000

HHS – High Risk Pool Fact Sheet

States That Already Have Risk Pools – MS Word Document Download

Dependent Coverage through age 26

admin — Fri, 30 Apr 2010 22:13:13 +0000

Extension of Dependent Benefits to Age 26 – FAQ

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admin — Tue, 20 Apr 2010 18:02:25 +0000