Health Care Reform Fear
The Hill has posted an interesting article about Senator Max Baucus. It looks like the Senator is worried about the communication of the health insurance laws. The Senator has had public conversations with HHS about getting actual information and not just concepts. Since the Senator was one of the main authors of the bill he has a lot […]
Health Insurance Premiums In 2014
The Society of Actuaries released a study on the projected increases for health insurance premiums under the new health care laws. It does not look good. Our health insurance premiums are projected to go up 67% under the new health care laws. This is a huge jump because of health care reform. We are one […]
Group Health Insurance and Temp Employees
Washington Post reported on the use of Temp Employees to help keep companies below 50 employees. This is very interesting article because is establishes a strategy of keeping a group from paying a penalty for not providing group health benefits. From the article, there looks to be a loop hole with providing coverage to Temporary employees. This could […]
5 Things A Small Business Needs to Know about Health Insurance Reform
Insurance companies are held accountable. The insurance company must spend at least 80% of the premium collected on medical care. If they don’t, then a rebate check will be issued to the group. Insurance companies are health accountable for large rate increase. Insurance companies must publicly justify any rate increase over 10%. Tax Credits for […]
$63 Fee Hidden in PPACA Regulations
It turns out that everyone that has a health insurance policy will have to pay an additional $63 a year. This $63 is to help fund the health insurance industries risk for in 2014. If you have an individual, small group, large group or self funded plan you have to pay. In 2014, the individual […]
Indiana Delays the Essential Health Benefits
Indianapolis Delays Essential Health Benefits The Essential health benefits must include items and services within the following 10 categories: Ambulance, Emergency Services, Hospitalization, Maternity, New Born Car, Mental health and substance abuse, behavioral health, Prescriptions, Rehabilitative, Laboratory, Preventive, Disease management, Pediatric with oral and vision. This is a very big part to the Affordable […]
Penalty for Not Having Health Insurance
Under the Affordable Car Act there will be penalties for not having health insurance. In 2014, the penalty for not caring health insurance will be $95, or 1% of taxable household income. By 2016, the penalty will rise to $695 per person, with a cap of $2,085 per family or 2.5% of house hold income. […]
Mike Pence’s Views on a State Based Exchange
Mike Pence recently sent his letter to Gov. Daniels regarding the development of a state based exchange. Governor Elect Mike Pence, has choose not to establish a state based exchange. He stresses the lack of clarity coming out of the federal government. Indianapolis developed the health Indianapolis plan that has been very successful, form a cost stand point […]
Indiana’s New Governor’s Impact on Health Insurance
The next Governor of Indianapolis is going to have a huge impact on health insurance in the state. The first decision the Governor will have to make is on the Essential Benefits. It is the responsibility of each state to form the Essential Benefits. The essential benefits are a set of health care service categories […]
Preventive Services Under PPACA
Under the Health Care Reform there are new preventive care benefits that every Non Grandfathered policy will have to cover. Some of these benefits will be covered at no cost to the insured. It’s very important that you consult your current coverage to determine if these new benefits will be covered. There will be some plan that […]
