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Posts Tagged ‘Carpend’

New Baby? Health Law Plans Not Set For Updates

Wednesday, January 8th, 2014

Insurance News Net reports:

“You were patient with the government’s kooky website, and now you have your health insurance card. That’s good, since your family is expecting a new baby.

But you may have to jump through more hoops to get the child formally added to your policy. The Obama administration confirms there currently is no way for consumers to update their coverage under the new health law for the birth of a baby and other common life changes.

(more…)

White House tweaks health insurance mandate

Friday, October 25th, 2013

Chicago Health Care Daily reports:

“On the defensive, the Obama administration acknowledged Wednesday its problem-plagued health insurance website didn’t get enough testing before going live. It said technicians were deep into the job of fixing major computer snags but provided no timetable.

The White House today also signaled a change underway in the timeline for signing up for coverage. Consumers have until Dec. 15 to apply for coverage that’s effective Jan. 1.

(more…)

Estimate: Nearly 1M workers to quit when exchanges open

Thursday, August 22nd, 2013

Benefits Pro reports:

“Some Obamacare opponents have labeled the Patient Protection and Affordable Care Act as a job-killer. New research indicates there may be a grain of truth to that — although the jobs won’t be “lost” the way the naysayers are predicting.

Rather, workers who are today in the workforce primarily as a means of obtaining affordable health care coverage will likely quit working, either temporarily or permanently.

(more…)

Meet the woman tasked with selling PPACA

Friday, July 12th, 2013

Benefits Pro reports:

“The Patient Protection and Affordable Care Act isn’t as old as you think, but its history has already been long and arduous. Three years after President Obama signed it into law, it’s still overwhelmingly confusing — not to mention unpopular — among Americans across all demographics.

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Health benefit safe harbors put Payroll in the driver’s seat

Monday, June 17th, 2013

Business Management reports:

“The Affordable Care Act health care reform law requires employers of 50 or more full-time em­­ployees to play—by offering them affordable health benefits that provide minimum value—or pay free-rider penalties (See “IRS issues regs on ACA’s employer play-or-pay provision.”)

What’s affordable: Benefits are affordable if employees’ contributions don’t exceed 9.5% of their household income and employers pay at least 60%.

Dilemma: Since you don’t know what 9.5% of employees’ household income is, you’re in a bind. The IRS, as promised, has created three optional affordability safe harbors.(78 F.R. 217, 1-2-13)

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Preview: 2-50 Small Group Sales and Retention Strategy

Monday, May 6th, 2013

Blue Cross and Blue Shield reports:

“As a valued producer and partner with Blue Cross and Blue Shield of Illinois (BCBSIL), you play a major role in educating your group clients on how the Affordable Care Act (ACA) will affect their coverage options, starting Jan. 1, 2014.

The Understanding: Future Small Business Decisions flier provides you with an advance preview of BCBSIL’s small business sales and retention strategy for groups with 2-50 employees. Also, the Frequently Asked Questions below address the most common questions related to renewal decisions and 2014 premiums.

Additional details and face-to-face training opportunities on the small group sales and retention strategy will be provided soon.

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Tax Season Savings! Reminder: How to Claim the Small Business Health Care Tax Credit

Monday, May 6th, 2013

U.S. Small Business Administration reports:

“One of the ways in which the Affordable Care Act helps bring down costs for small employers is through the tax credit available to eligible small businesses that provide health care insurance to their employees. The credit significantly offsets the cost of providing insurance and with the 2012 tax filing deadline fast approaching, you don’t want to let this valuable tax break pass you by.  Here’s what you need to know about eligibility and how to claim the credit:

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HHS partners with Illinois on health insurance marketplace

Friday, March 1st, 2013

HHS.gov reports:

“Affordable health coverage to be available to Illinoisans in 2014

During a visit with Illinois Governor Pat Quinn to the Erie Health Center in Chicago today, Health and Human Services (HHS) Secretary Kathleen Sebelius announced that Illinois has been conditionally approved to operate a State Partnership Marketplace (Exchange), which will be ready for open enrollment in October 2013. This partnership will allow Illinois to make key decisions and tailor the marketplace to local needs and market conditions.

(more…)

Marketplace

Thursday, February 7th, 2013

IRS Issues More “Play or Pay” Guidance

Monday, February 4th, 2013

Benefits in Brief reports:

“Shortly before 2012 came to an end, the IRS issued proposed regulations and Frequently Asked Questions concerning the employer “play or pay” provisions of the Affordable Care Act (“ACA”). More formally known as the employer “shared responsibility” requirement, these provisions require that large employers either “play” (by offering health coverage to their full-time employees) or “pay” (in the form of a substantial excise tax). The proposed regulations largely codify guidance provided through four separate Notices issued during 2011 and 2012, though with some important clarifications and modifications.

(more…)

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