Latest News + Info
The latest information relating to the health insurance industry.
IRS health care reform guidance reduces likelihood of unintended breaches
Business Insurance reports: Long-awaited Internal Revenue Service proposed regulations favorably resolve key questions about a key health care reform law provision that imposes stiff penalties on employers that do not offer coverage.“Certainty is what employers...
How small firms are gearing up for health reform
CNN Money reports: "Legions of small and midsize businesses that don't offer health insurance have to quickly come up with a game plan. Here's what some are thinking. Lenny Verkhoglaz wishes he could provide health insurance to the nearly 300 home care aides he...
Year-By-Year Timeline
Below are major provisions of the Law effective 2012 – 2018. 2012 Non-Discrimination requirements; guidance to be issued Uniform explanation of coverage; plan year beginning after September 23rd 2012 W2 reporting of health care cost 2013 FSA contributions limited to...
Health Care Reform Questions Every Employer Needs to Know
CPE hr reports: "With over 2000 pages and some 450 provisions, the Patient Protection and Affordable Care Act (otherwise known as Health Care Reform, or “Obamacare”) is one of the most complex pieces of legislation ever signed into law. The ACA touches every sector –...
Preparations For 2014 Pay Or Play Rules Should Begin Now
JD Supra reports: "By far the most important issue for employers to consider under the Affordable Care Act (ACA) is the employer “free rider penalty,” often referred to as “pay or play.” Instead of forcing employers to provide group health insurance to employees, ACA...
The federal government granted the Metropolitan Chicago Healthcare Council (MCHC) $160 million in federal CO-OP funding less than two weeks before program funding was eliminated by Congress.
ILLINOIS: The federal government granted the Metropolitan Chicago Healthcare Council (MCHC) $160 million in federal CO-OP funding less than two weeks before program funding was eliminated by Congress. The MCHC is an association of hospitals in the Chicago area. The...
Pay or Play Provisions of the Affordable Care Act
JDSupra reports: "Late last week the IRS released proposed regulations implementing the employer “play or pay” provisions in the Affordable Care Act. The rules are applicable to employers with 50 or more full-time equivalents and outline the requirements for employers...
‘Fiscal Cliff’ Bill Makes Changes to ACA, Patches Medicare Physician Reimbursement
The American Taxpayer Relief Act (the legislative response to the “fiscal cliff”), which the House and Senate passed on New Year's Day and President Barack Obama signed late Wednesday, includes some changes to the Affordable Care Act (ACA) and Medicare physician...
IRS Releases ACA-Related Proposed Rule on Employer Shared Responsibility
On Jan. 2, 2013, the Internal Revenue Service (IRS) published a proposed rule pursuant to the Affordable Care Act (ACA) regarding employer shared responsibility for health insurance coverage. The proposed rule is now subject to public comment. The requirements of the...
Health Coverage Under the Affordable Care Act (ACA)
Follow this link for a great information about how people will get health insurance come 1/1/14 jvh120007_2556_2556