Possible Extension of COBRA Subsidy

Congress is poised yet again to consider another extension of the current May 31, 2010, eligibility deadline for the COBRA subsidy program provided under the American Recovery and Reinvestment Act (ARRA). Eligibility for the Federal COBRA premium subsidies would be extended through year-end and employers would have more time to fund their pension liabilities under […]

Simple Cafeteria Plans Changes

A cafeteria plan is an employer-sponsored plan that allows employees to choose certain pre-tax benefits or cash. For example, an employee may choose to pay his or her share of premiums for employer-sponsored health insurance before taxes through the plan. A cafeteria plan must have a written plan document governing the plan and may not […]

Small Group Tax Credit Extends To Dental And Vision Benefits

The small group tax credit, which will benefit millions of small businesses, has just become more attractive. That’s because the IRS has just released new details clarifying that the tax credit also applies to premiums for dental and vision benefits – not just health benefits. And there’s more good news:  Eligible companies that already get […]

Healthcare Reform’s “Cadillac Plan” Excise Tax

The excise tax was included in the Patient Protection and Affordable Care Act (PPACA) passed into law on March 23, 2010. The provision levies a 40% nondeductible tax on the annual value of health plan costs for employees that exceed $10,200 for single coverage or $27,500 for family coverage in 2018. Data reveals that the […]

High Risk Pool Insurance Plan

Under the new health care reform laws each state has the option of setting up a high risk pool insurance plan. The state of Indianapolis has declined to participate in this high risk pool. Currently we have a high risk pool called Indianapolis ComprehensiveHealth that will contiune to operate seperatly from additional high risk pools. […]

The Early Retiree Reinsurance Program

The Early Retiree Reinsurance Program helps employers provide coverage to retirees The recently passed Patient Protection and Affordable Care Act includes an early retiree reinsurance program available to groups that provide medical coverage to early retirees and their spouses, surviving spouses and dependents. This temporary program will provide $5 billion to help employers to continue to […]

New Cost of Healthcare Reform

New Cost Estimate Tops $1 Trillion: U.S. Health and Human Services Secretary Kathleen Sebelius issued a letter to congressional leaders this week, touting the administration’s early success in implementing certain provisions of health care reform. Meanwhile, officials from the Congressional Budget Office (CBO) reported on Tuesday that the health care reform legislation will cost about […]

Additional Cost To Healthcare Reform

President Barack Obama’s new health care law could potentially add at least $115 billion more to government health care spending over the next 10 years, congressional budget referees said Tuesday. If Congress approves all the additional spending called for in the legislation, it would push the ten-year cost of the overhaul above $1 trillion.  The […]

Indiana Enrolled Dependents Through Age 26

Recently we have had a handful of national carriers all agree to carry existing dependents through age 26. If the dependent is eligible for the plan you will have to wait until open enrollment. Remember to look at possible individual coverage as it may be significantly cheaper. To clarify, we will automatically extend coverage for […]

Healthcare Reform for Indiana Non Profits

The U.S. healthcare overhaul bill will provide insurance coverage for millions of Americans and possibly lower healthcare cost inflation, but it poses an increased credit risk for nonprofit providers, Standard & Poor’s said on Thursday.  The outlook for 2010 remains one of stable credit quality after a period of deterioration from 2007 to 2009. But […]