x x x


Posts Tagged ‘Saint Charles’

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)


How Employers Can Get Out of the Health Insurance Business

Monday, June 17th, 2013

Zane Benefits reports:

“With 2014 looming, businesses of all sizes are scrambling to understand the Affordable Care Act (ACA) and how it will affect their bottom line. How many employers will drop group health insurance coverage in 2014? How will larger employers deal with the employer mandate (“play or pay”) decision?

There’s been a lot of media coverage on how it will play out; opinions fall on both sides of the aisle, and all over the map. Studies indicate that while employers will drop group health insurance, they still want to provide a health benefit because it’s vital for recruiting and retaining top employees.


Quinn hire to market health care overhaul

Monday, May 6th, 2013

The Daily Chronicle reports:

“Most Illinoisans without health insurance coverage know very little about the federal health care overhaul and how it might help them. It’s Brian Gorman’s challenge to make sure they learn.

Gorman, 38, a former campaign organizer for President Barack Obama, has been hired by Gov. Pat Quinn to increase the number of Illinois residents with insurance by telling them about features of Obama’s sweeping overhaul.

Within months, Gorman plans to roll out a campaign featuring TV ads, radio spots, tweets and billboards – possibly featuring sports teams – to promote a so-called “culture of coverage” and urge people without insurance to sign up.


Obama budget adds domestic same-sex partners to Obamacare

Thursday, April 25th, 2013

CNN Politics reports:

“Buried deep inside President Obama’s 2014 budget released on Wednesday is a new proposal to expand federal health insurance benefits to same-sex domestic partners.

Framed as a measure to reduce the deficit, the proposal would amend the Federal Employee Health Benefits Program beginning in 2015 to add a “self plus one” enrollment option in addition to the “self” and “family” options. Like the Domestic Partnership Benefits and Obligations Act that the administration has endorsed in prior budgets, this new FEHB formulation would work within the current legal constraints of the Defense of Marriage Act by adding a new classification for additional enrollees beyond family.


Senate Votes To Repeal Medical Device Tax

Tuesday, April 2nd, 2013

Insurance News Net reports:

“It isn’t every day that more than half the Democrats in the Senate vote to repeal part of President Barack Obama’s health care law.

But that’s what happened Thursday night when the Senate voted 79-20 to repeal a 2.3 percent sales tax on medical devices such as catheters, pacemakers and MRI machines, which was intended to help to finance coverage for the uninsured that starts next year.


Implementing Health Reform: Waiting Periods And Enforcement Of Market Reforms

Tuesday, April 2nd, 2013

Health Affairs Blog reports:

“On March 18, 2013, Gary Cohen, the Director of the Office of Consumer Information and Insurance Oversight, stated on a national stakeholder call that most of the final rules needed to implement the Affordable Care Act 2014 insurance reforms are now in place.  HHS is now in the final stages of ACA implementation, and it is moving forward.

Cohen, joined by Cindy Mann, Director of the Center for Medicaid and CHIP Services, and Julie Bataille, Director of the Office of Communications, laid out the final steps that must be taken before the exchanges open their doors on October 1.  They also introduced two new HHS websites that join, the HHS consumer information portal that has been in operation for nearly three years.  These are, where tools and resources are available to assist those who will help Americans apply, enroll, and get coverage through the exchanges, and the Open Door Forum Page, where the states and other stakeholders can engage with HHS with respect to health care reform.  A call center will also go live in June to respond to questions about the 2014 reforms.


Humana CEO: Health care reform will push cost of insurance up next year

Tuesday, March 5th, 2013

Courier-Journal reports:

“If you are young and healthy, get ready to pay more for health insurance when the Affordable Care Act goes into effect next year, Humana CEO Bruce Broussard said Thursday.

In a speech before the Rotary Club of Louisville, Broussard blamed a new “3 to 1″ ratio that will take effect in 2014.

According to the government’s health care website, the ratio limits the gap between what insurers charge to older customers, who use more health care, and what they charge to younger customers, who use less. Currently the ratio is 5:1 in 42 states, including Kentucky and Indiana, according to the health insurance industry’s lobbying group.


Questions and Answers on the Individual Shared Responsibility Provision

Friday, February 15th, 2013 reports:

Basic Information

1. What is the individual shared responsibility provision?

Under the Affordable Care Act, the federal government, state governments, insurers, employers, and individuals are given shared responsibility to reform and improve the availability, quality, and affordability of health insurance coverage in the United States. Starting in 2014, the individual shared responsibility provision calls for each individual to have minimum essential health coverage (known as minimum essentia Starting in 2014, the individual shared responsibility provision calls for each individual to have minimum l coverage) for each month, qualify for an exemption, or make a payment when filing his or her federal income tax return.


How The New Health Insurance Laws Will Affect You

Thursday, January 31st, 2013

Illinois Insurance News reports:

“The Healthcare Reform Act was passed with quite a bit of controversy surrounding it. Polls consistently showed that the majority of Americans were not satisfied with the bill as it was currently written, and several Democrats voted against it along with all Republicans in the House of Representatives. Having said that, the President has signed it into law, the Supreme Court upheld it, and the deal is done. You may be wondering, how do these new health insurance laws affect you? Let’s take a look at the major ways in which the new health insurance bill will affect you.


Illinois Democratic Sen. Dick Durbin: Cuts to workers’ hours a ‘bad result’ of Obamacare [VIDEO]

Tuesday, November 20th, 2012

The Daily Caller reports:

“Illinois Democratic Sen. Dick Durbin, the second-ranking Democrat in the Senate, told The Daily Caller that “several” areas of President Barack Obama’s Affordable Care Act could be “improved” and acknowledged that a “bad result” of the law is that companies are cutting workers’ hours to avoid paying for their health insurance.

For example, Darden Restaurants, which operates the Olive Garden and Red Lobster restaurants, is reportedly limiting employees’ hours due to the health care law’s regulations on businesses.


Newsletter Signup

Free Consultation
Change Your Broker
x x x