Did the ACA Effect Group Health Insurance?
Group Health Insurance Indiana When the Affordable Care Act (ACA) went active, a large a majority of Indiana small business dropped their group health plans and moved to the individual market. At first, this was an excellent option for reducing costs for both the company and the employee. Businesses that had little employee turnover, no […]
Group Health Insurance Participation
Group Health Insurance Insurance companies in both Indiana and the rest of country have always enforced participation requirements. Small groups (under 50 employees) and “Large” groups (50+ employees) have had to have at least 50% of the full time employees elect coverage. Insurance companies do vary on employee participation. Group Health Insurance for Small Groups […]
Indiana Group Health Insurance for New Companies
When a startup company launches, one of the last issues that is addressed is Group Health Insurance & employee benefits. The founders of the startup company, may have years of experience in their industry or are on the cutting edge of new technology. When it comes to Indiana Group Health Insurance, leadership may lack experience. […]
Small Business Health (SHOP) Options Ends
CMS announced on May 15th that they would end the Small Business Health Options (SHOP) program, effectively on November 15th 2017. The SHOP program allowed small business to purchase group health insurance through the Federal Facilitated Exchange. The goal, was to allow small business to offer multiple plan design and received a tax credit for […]
Going Back to Group Health Coverage
When the Affordable Care Act was put into motion, many small Indiana companies chose to drop their group health plan. At that time, it was the right decision for multiple of reasons. To start with, individual plans were no guaranteed issues under the ACA. One of the biggest benefits to group health plans is they […]
Transitional Relief for Indiana Small Group Health Plans
CMS recently released guidelines for transitional group health policies under the Affordable Care Act. This impacts any health insurance plan that is considered grandmothered. A grandmothered group health plan had an effective date prior to 2014. These group plans should cost less than current market options and that is why these new rules are important. The […]
