Affordable Care Act

ACA (Affordable Care Act) Health Insurance Enrollment Period and Deadline

The enrollment period and deadline for the ACA (Affordable Care Act) Health Insurance Plans is approaching quickly. Bill Weaver of Focus Benefits Group in Phoenix, AZ will give you resources for more information and important dates to remember. Continue reading

Is there a difference between being Skinny and Valuable?

When the ACA came out they designated four plans called “metal plans” as acceptable standards for insurance coverage. They were called metal plans because they were named Bronze, Silver, Gold and Platinum. Each plan provided more coverage as the metal value increased. Then the chaos began. Employers (and everybody else) found that these plans were really expensive. Clearly “Affordable” was only in some parallel universe based on a different income system. Some very bright insurance people, attorneys and CPAS found that if you read the ACA law carefully you could offer a medical insurance plan that did not include all that expensive coverage and still be in compliance.
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Skinny Plans and Minimum Value coverage

As the Affordable Care Act rolled out, employers began trying to avoid compliance in any way they could find. My advice has been to plan for implementation and do it right because it is coming and will not go away. Continue reading

Employers no longer have to contribute to the employee cost of insurance?

For all of the forty years I have been involved in employee benefits there has been a provider requirement that the employer pay some porton of the premium cost. Traditionally this has been at least 50% of the employee only cost. This, coupled with a participation requirement, assures the plan is not selected against. Continue reading

Federal Acronyms: Understanding ACA Insurance Documents

These are six of 37 different acronyms in the((Affordable Care Act) document I read. Some of them see frequent usage and others are relatively obscure but all of them can impact your life and the existence of your company as an employer. Continue reading