Employer Shared Responsibility Payment (ESRP) notification
If you are researching this topic, then you may have received a letter from the Department of Treasury Internal Revenue Service with regards to Employer Shared Responsibility Payment (ESRP). Under the Affordable Care Act’s employer shared responsibility provisions, large companies are required to offer affordable health insurance coverage that meets the requirements of the ACA. This rule is […]
Amazon, Berkshire Hathaway & JPMorgan Healthcare Transformation
There have been huge shockwaves caused in the health care industry with news that Amazon, Berkshire Hathaway & JPMorgan would form an independent health care company for their employees in the United States. Upon the release of this news, publicly traded health care companies saw their stocks prices drop as the news of new competition […]
Cadillac Tax Postponed Until 2022
Outside of open enrollment there has been little news on the Affordable Care Act. On January 22nd it was announced that the Cadillac Tax will be postponed until 2022. The postponement was included in the short-term budget bill that was signed by the president. This is a huge relief for Indiana and the rest of […]
As We Approach 2018, How is Health Insurance of Indiana Looking?
Group Health Insurance Indiana We quickly approach Jan 1st, 2018, the state of health insurance in Indiana is nowhere near close to being stable. Individual Health Insurance The Affordable Care Act has failed every Hoosier that pays for or towards a health insurance policy. One segment of the population has benefited from the ACA, and […]
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 […]
Federated Leaves the Group Health Market
Indiana Health Insurance Company Updates Recently, it was announced that Federated is leaving the group health market. They are exiting the state of Indiana and the rest of the country. They will end providing group health, life & disability on Dec. 31st of 2017. “Federated does not see an end to the uncertainty surrounding the […]
IU Health Plans Exit Individual Market
Group Health Insurance Indianapolis – IU Health Updates At the end of June, IU announced that they were leaving the individual market. There announcement was very quiet and received almost no media attention. IU Health Plan is owned/an extension of Indiana University Health. The medical group has had insurance products available in Indiana. They offer […]
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. […]
Anthem Individual Exit Indiana
Anthem announced that they would exit in the Indiana individual market in 2018. They are pulling all on exchange plans and will offer one off exchange plan in five counties. (Benton, Newton, White, Jasper & Warren) It is estimated that Anthem insures 46,000 Hoosiers on the exchange and about 20,000 off exchange. This decision to […]