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Posts Tagged ‘Warrenville’

New Tool To Determine HRA Affordability

Tuesday, October 29th, 2019

Starting on January 1, 2020, employers will be able to help their employees pay for qualified medical costs–such as premiums for an Individual Marketplace plan–through a new individual coverage health reimbursement arrangement (ICHRA). An ICHRA is an alternative to a traditional group plan that allows employees to select their own plan on the individual market.

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Legislation Opens Door for Retirement Match on Student Loan Repayments

Thursday, January 3rd, 2019

NAPA net reports:

“Sen. Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, has introduced legislation that would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions.

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In nod to Sanders, Clinton offers new health care proposals

Thursday, July 14th, 2016

Crains Chicago Business reports:

“In another nod to primary rival Bernie Sanders, Hillary Clinton is proposing to increase federal money for community health centers and outlining steps to expand access to health care across the nation.

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IRS Grants Extension for 6055 and 6056 Reporting

Tuesday, January 26th, 2016

According to United Healthcare, Broker Connection Special Edition:

“On Dec. 28, 2015, the IRS announced that it is granting an automatic extension for the 2015 information returns required of insurers, employers and certain other providers of Minimum Essential Coverage (MEC) under Section 6055 and 6056 of the Internal Revenue Code (IRC).

Coverage providers that need more time now have until March 31 to get Form 1095 to individuals and until June 30 to electronically file with the IRS. For providers not filing electronically, the deadline is May 31, 2016. (more…)

Untangling The Many Deductibles Of Health Insurance

Wednesday, September 16th, 2015

NPR reports:

“Sure, there’s a deductible with your health insurance. But then what’s the hospital deductible? Your insurer may have multiple deductibles, and it pays to know which apply when. These questions and answers tackle deductibles, whether an ex-spouse has to pay for an adult child’s insurance, and balance billing.

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High deductible plans have more people delaying treatment

Monday, January 12th, 2015

Yahoo Finance reports:

“As the cost of health care rises, more and more Americans in nearly every economic class are choosing to delay medical treatment because they can’t afford it.
A new Gallup poll released Friday found that about one in three Americans say they have put off treatment for themselves or a family member because of cost—the highest rate recorded in Gallup’s history.

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Employer Shared Responsibility Payments and Reporting Requirements Under the Affordable Care Act: Code Sections 6055 and 6056

Friday, October 3rd, 2014

The National Law Review reports:

“There are two types of employer shared responsibility payments, also known as pay or play penalties, under the Affordable Care Act (ACA).  The first penalty under Internal Revenue Code (Code) Section 4980H(a) is the penalty for failure to offer health coverage.  Effective for plan years beginning on or after January 1, 2015, a $2,000 annual penalty applies to a large employer that fails to offer at least 70 percent of its full-time employees (FTEs) health coverage.  For plan years beginning on or after January 1, 2016, the $2,000 penalty applies to an employer that fails to offer health coverage to at least 95 percent of its FTEs.  The $2,000 penalty is assessed on a monthly basis, but applies to all of an employer’s FTEs, minus 30 FTEs (or minus 80 FTEs for 2015).

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HHS: Health Care Premiums Likely To Go Up In 2015

Friday, April 4th, 2014

Insurance News Net reports:

“Health and Human Services Secretary Kathleen Sebelius says health insurance premiums are likely to increase in 2015.

Sebelius’s comments came Wednesday during a hearing of the House Committee on Ways and Means about the White House’s 2015 budget proposal, the Wall Street Journal reported.

“I think premiums are likely to go up, but at a smaller pace than what we’ve seen since 2010,” Sebelius said.

The increases seen in 2015 will likely be smaller than those seen in previous years, Sebelius said.

The number of young Americans signing up for health insurance has been below the level needed to keep premiums stable, the Wall Street Journal reported.

On Tuesday, the Obama administration said about 25 percent of people age 18 to 34 have signed up for Obamacare — lower than a 40 percent target believed needed to keep premiums relatively stable.

Overall, 4.2 million people have signed up for health insurance since October, the administration said.”

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