PPACA Consequences
PPACA has major consequence to the employer group plans over 50 lives. PPACA spawns a new form of wage discrimination I had to re post this blog posting because it show some unintended consequences of the reform. Under the new law if a group over 50 lives has a group health insurance plan in place it […]
Repealing Health Care Law
House panel sends 1099 tax reporting to the floor This is a big aspect of the health care law when it comes to small business administration. This 1099 law is essentially a way for the gov. to collect more taxes to pay for the health care law. By law all small companies will have to […]
Rep. Andrews Addresses the MLR
House Dem rips new insurance rule Rep. Robert Andrews (D-N.J.) spoke to the NAHU about the effects of the Medical Loss Ratio on Agents. With the Medical Loss Ratio in the new health care law 80%-85% of premium has to go to claims. That leaves just 20% for the insurance company to spend on administration. HHS chose to […]
Essential Health Benefits
HHS has commissioned the Institute of Medicine to conduct a study on the Essential health Benefits of the health care law. They are to recommendations will lead to how Essential health benefits are determined. This is a huge aspect of the law. Right now we have an idea of what these essential benefits are. Anthem […]
HHS Looks To Calm Governors Fear Over The Exchanges
The Administration of the new health law sent a memo out giving Flexibility for State Run Exchanges. This is in response to the Governor’s Letter to HHS early this week. The memo is stating that the states already have the power to set up the exchanges as they see fit. The Governors letter points out some serious […]
Health Law will Have Huge Impact on College Students
Most universities offer some type of health insurance plan to the students. Most of these plans would be consider Limited liability health plans. The usually are guaranteed issue. Well now under the new health care law all of these plans will have to adapt to the new health care laws. College Students Health Insurance This will create […]
The Health Care Law Debate
Right now there is a lot of confusion on how the health insurance exchanges are going to be set up. There are states like South Carolina that have told the Federal Gov. they will not set up an exchange because they do not believe the law is constitutional. Then there are states like California that […]
Letter to HHS From Responsible Governors
Governor’s Letter to HHS Here is the Governor’s letter to Kathleen Sebelius Secretary U.S. Department of Health and Human Services. This letter is stating that the states should have the right to setup the health exchange without the federal governments mandates. This is a huge statement! These governors realize that the federal mandates will make the plans […]
Health Coverage Tax Credit
The monthly option helps you pay for health insurance as you go. You pay 20% of your premiums to the IRS each month The IRS adds 80% and sends the full payment to your health plan The health coverage tax credit (HCTC) began in 2002 as an effort to make health care affordable for certain families by […]
Group Health Insurance and Participation
If you are a small business owner or a controller of a small group then you have had to deal with participation on the group health plan. The particapation issue commes up with groups that have high premiums. The high prmiums could be the result of many different things. This post is about how you […]
