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Posts Tagged ‘PPACA’

PPACA HIT repeal bill gaining steam

Monday, May 4th, 2015

Benefits Pro reports:

“A funding mechanism included in the Patient Protection and Affordable Care Actis gaining steam in the House of Representatives, leading to a round of huzzahs from the small business community.

Because affordable care for all will only be affordable if someone underwrites its true cost, the law includes various taxes and assessments designed to sustain the insurers that offer low-premium coverage. Among them: The Health Insurance Tax, targeting small businesses.


What a GOP Senate could mean for PPACA

Tuesday, November 4th, 2014

Benefits Pro reports:

“Midterm elections will be here next week, and the Patient Protection and Affordable Care Act is still on the minds of voters and candidates.

According to Kaiser Family Foundation, Democrats and Republicans are using PPACA to tell their stories in very different ways. Of GOP health care ads, 84 percent mentioned PPACA — and every ad cast the law in a negative light. Meanwhile, just 15 percent of Democratic ads on health care issues included messaging on the law.

So the big question is: What will happen to PPACA if Republicans take control of the Senate after next week’s election?

We asked some industry experts to weigh in and predict PPACA’s fate. Here’s what they said.


First Steps to Take With IRS Draft ACA Reporting Instructions

Wednesday, September 10th, 2014

Health Insurance Exchange reports:

“The Internal Revenue Service late last week released a set of long-awaited draft instructions for the forms employers will need to file to comply with the Affordable Care Act’s employer mandate, providing an opportunity for benefit advisers and their employer clients to begin preparing for the new reporting requirements set to begin in 2015.

The draft instructions are available for Form 1095-A, “Health Insurance Marketplace Statement;” Forms 1094-B and 1095-B, “Transmittal of Health Coverage Information Returns” and “Health Coverage;” and Forms 1094-C and 1095-C, “Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns” and Employer-Provided Health Insurance Offer and Coverage.”


PPACA helps delay Medicare insolvency

Friday, August 1st, 2014

Benefits Pro reports:

“The main trust fund behind Medicare, the $583 billion U.S. health program for the elderly and disabled, will be exhausted in 2030, four years later than projected last year, the government reported.

An improving economy and the health-care overhaul — the Patient Protection and Affordable Care Act — may stave off depletion of the fund as it took in more money and spent less than expected last year. The trust fund pays for hospital visits, nursing care and related services for Medicare’s 52 million beneficiaries. Its assets fell $7.1 billion in 2013 to $281 billion, less than one-third the reduction of a year earlier, according to a report released today by the program’s trustees.


Businesses re-evaluate spousal coverage

Tuesday, July 1st, 2014

Benefits Pro reports:

“When United Parcel Service (UPS) announced a major change in spousal insurance coverage, it was the shot heard ’round the benefits world.

“I have been talking about working spouses with access to their own health insurance for more than 10 years,” says Scott Snow, president of S.M. Snow & Associates Inc. in Berlin, Mass. “I was ahead of my time, and now it’s catching up with me. It’s a hot topic.”


Most uninsureds don’t plan on getting covered

Monday, February 17th, 2014

Benefits Pro reports:

“Less than 40 percent of the uninsured population will get health insurance this year, despite the individual mandate in the Patient Protection and Affordable Care Act that says they have to.

That estimate comes from a survey released by the Robert Wood Johnson Foundation and the Urban Institute. (more…)

IRS puts off PPACA discrimination testing

Monday, February 17th, 2014

Benefits Pro reports:

“Robert Pear, a New York Timesreporter, made waves this week by calling the Internal Revenue Service about what happened to the Patient Protection and Affordable Care Act nondiscrimination provisions. (more…)

UPS blames PPACA, to slash 15,000 spouses from coverage

Tuesday, September 3rd, 2013

Benefits Pro reports:

“The number of employers whose company health benefits plan cover the working (elsewhere) spouses of their employees has just been reduced by one — and it’s a big one, too.

UPS announced in a memo to employees that it would cut up as many as 15,000 employees’ working spouses from its health coverage rolls.


Feds: PPACA subsidy claims will be checked

Tuesday, July 16th, 2013

Benefits Pro reports:

“The federal government will check income claims by individuals applying for subsidies under Obamacare and remains on track to open the health insurance exchanges it will operate on Oct. 1, the main administrator of the exchanges said this week.

Writing in a Health and Human Services website blog, Marilyn Tavenner, administrator of the Centers for Medicare & Medicaid Services, said she was hoping to clear up “mischaracterizations” and “confusion” that arose in the wake of the employer mandate postponement and coverage about final regulations CMS released Friday on eligibility for the exchanges.


Ready, set, stop

Wednesday, July 10th, 2013

Benefits Pro reports:

“Pity the poor HR managers.

That’s the first thought that sprang to mind after I heard the news about the delayed PPACA employer mandate.

I mean, sure, a lot of businesses were relieved to get the extra time. But in the HR world, it’s fairly equivalent to canceling a moon shot, right? Months, if not years, of preparation and all of the momentum now put on hold.


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