Potential Employer Penalties Under the Patient Protection and Affordable Care Act (ACA)
Potential Employer Penalties Under the Patient Protection and Affordable Care Act (ACA) Summary of important items and definitions to know: 1. ACA imposes penalties on “large” employers, if at least one full-time employee obtains a premium credit through the newly established exchange. Employers are not subject to a penalty if their full-time employees are eligible […]
Medical Costs Revealed
Huffington Post CMS has just released data on the differences in medical cost from different hospitals. This is a very big story in the medical community because now the hospital groups have to justify what they charge. This information has always been kept out of the public eye but this report will opens everyone eyes […]
Small Business Tax Credits In The Exchange
Well there is not much information floating around about tax credits for small groups on the health insurance exchange. If a small group employer was to purchase health insurance from the exchange they may be eligible for tax credits. That tax credit could be as high as 50% of the total premium the company contributed […]
Congress Aids Look At Exemption from Insurance Mandate?
Politico just released a story about talks of exempting Congress staffers from the Insurance mandate. You can’t make this up! These are very people that are suppose to understand the laws they pass. Come to find out, very few of them have any understanding of the law. Congress is worried about “brain drain” by losing young […]
Subsidy Calculator For Health Insurance
Subsidy Calculator Here is a calculator for federal subsides through the health insurance exchange. The calculator is will estimate the cost of the insurance plan under the silver option. The tax credit that is available and the estimated monthly premium the insured will incur.
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 […]
Qualified Health Plan (QHP)
Next year all health insurance plans must meet the essential health benefits to be considered a Qualified Health Plan (QHP) These requirements are base on: If the plan is offered inside or outside the exchange IF the plan is fully insured or a self funded plan Premiums for Individual and small groups will no longer […]
$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 […]
Community Ratings For Small Group Health Insurance
In 2014, we are going to see a major transformation of the small group health insurance market. One of the biggest changes is the community ratings. No longer will a small group premium be based on medical conditions. This means most will groups will have similar pricing. Right now small groups in the area are medical […]
