health care reform

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

What is Short-Term or temporary medical insurance?

First, Short Term Medical Insurance is a product designed to provide short-term or temporary medical coverage during a short-term loss of major medical coverage. You can typically purchase this for one to six months and depending on the company you can renew it to extend the period of coverage. Continue reading

Why does health care insurance have to be so confusing?

Insurance is merely an agreement between you and somebody else to take financial responsibility if an event you have agreed on should happen. If you just cannot bring yourself to read the whole boring policy just read the Exclusions because it tells you what is NOT covered.
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Is Your Business Ready for Health Care Reform?

Is your business ready to health care reform?The Supreme Court has made their decision on the health care reform law by upholding the constitutionality of the Affordable Care Act and the individual mandate to purchase health insurance.  So what action do employers need to take now?

 

Employers need to be ready for these provisions now

 

Women’s Preventive Care  – August 1, 2012

 

U.S. Supreme Court Weighs Health Care Reform Law

U.S. Supreme Court Weighs Health Care Reform LawOn March 26-28, 2012 the U.S. Supreme Court heard oral arguments on the constitutionality of the health care reform law.  The final decision of the Court is expected to be published in late June.

 

Here is a condensed summary of the key issues which were addressed during oral arguments:

 

1.) Anti-Injunction Act – The Anti-Injunction Act states that “no suit for the purpose of restraining the assessment… Continue reading

Health Care Reform Update for Businesses – December 2011

Compliance with Non-Discrimination RequirementsHeal;th Care Reform Update for Businesses - December 2011

One of the provisions in the Affordable Care Act states that insured group health plans must comply with nondiscrimination requirements including rules that the plan does not discriminate in favor of highly compensated individuals as to eligibility to participate.

What Businesses Need to Know about Non-Discrimination Requirements

The IRS issued a notice on December 22nd, 2010 which provides that employers will not be subject… Continue reading

1099 Provision, Retiree Reinsurance, Free Choice Voucher Updates

 

1099 Reporting Requirement Repealed

Health care reform required that business owners, starting in 2012, file a 1099 form for all vendors from which they buy $600 worth of goods or services within a year.  On April 5, the Senate voted to repeal the provision and the House passed the measure in March.  The White House announced on April 15, 2011 that… Continue reading

Health Care Reform and What Businesses Should Know

Health care reform and what businesses should know1.)  Provisions for Plan Years Starting on or After Sept., 23, 2010   

 

All group health plans – whether or not they were grandfathered, must provide these benefits:

  • Health plans that offer dependent coverage will have to cover dependents on a parent’s plan until their 26th birthday regardless of their student status.  
  • Plans may not impose pre-existing conditions on… Continue reading

IRS Delays Effective Date of Nondiscrimination Rules

One of the provisions in the Affordable Care Act states that insured group health plans must comply with nondiscrimination requirements including rules that the plan does not discriminate in favor of highly compensated individuals as to eligibility to participate. The IRS issued Notice 2011-1  on December 22nd, 2010 which provides that employers will not be subject to penalties regarding compliance with nondiscrimination provisions until after administrative… Continue reading

Amendment to regulation on grandfathered health plans

The Departments of Labor, Health and Human Services and Treasury have amended the grandfathered health plan regulations under the Patient Protection and Affordable Care Act.  The new amendment, which was released on November 17, 2010, “allows all group health plans to change insurance companies and shop for the same coverage at a lower cost while maintaining their grandfathered status, so long as the structure of the coverage doesn’t violate… Continue reading