Breast Pumps are Tax Deductible
Breastpump Publication 502 The IRS recently changed its position on breastfeeding supplies (including pumps and bottles) and deemed them deductible. However, the cost of infant formula remains nondeductible.
PPACA Consequences
PPACA has major consequence to the employer group plans over 50 lives. PPACA spawns a new form of wage discrimination I had to re post this blog posting because it show some unintended consequences of the reform. Under the new law if a group over 50 lives has a group health insurance plan in place it […]
Repealing Health Care Law
House panel sends 1099 tax reporting to the floor This is a big aspect of the health care law when it comes to small business administration. This 1099 law is essentially a way for the gov. to collect more taxes to pay for the health care law. By law all small companies will have to […]
Rep. Andrews Addresses the MLR
House Dem rips new insurance rule Rep. Robert Andrews (D-N.J.) spoke to the NAHU about the effects of the Medical Loss Ratio on Agents. With the Medical Loss Ratio in the new health care law 80%-85% of premium has to go to claims. That leaves just 20% for the insurance company to spend on administration. HHS chose to […]
A Draft of Tax Form 8941
8941–dft Anthem just released a draft of tax form 8941. This is the tax credit for small business health insurance with less than 25 employees. Most companies have had a difficult time qualifying for the tax credit.If you have less than 25 employees, average salary is under $50,000, and have an employer sponsored group health plan you […]
Health Insurance and Social Media
You know social media has caught on when the health insurance industry has embrace it. It’s amazing to see so many people communicating about health insurance through facebook and tweeter. www.healthcare.gov Set the tone with health insurance when they created a facebook page to communicate their message about the new health care law. Then on […]
Poor Health Insurance Article from Fox News
Here is a bad article about health care reform. Article This article from Fox Business News is some type of attempt at cliff notes for the impacts of health care reform. The Article was written by Scott Loochtan and he claims to be a professional in the health care and retirement field. How he got […]
Essential Health Benefits
HHS has commissioned the Institute of Medicine to conduct a study on the Essential health Benefits of the health care law. They are to recommendations will lead to how Essential health benefits are determined. This is a huge aspect of the law. Right now we have an idea of what these essential benefits are. Anthem […]
HHS Looks To Calm Governors Fear Over The Exchanges
The Administration of the new health law sent a memo out giving Flexibility for State Run Exchanges. This is in response to the Governor’s Letter to HHS early this week. The memo is stating that the states already have the power to set up the exchanges as they see fit. The Governors letter points out some serious […]
Indiana House Bill 1003
The Choice Scholarship Program This is a bill on Education and I think every parent should be aware of this.
