Indiana Level Funded Group Health Plan
Indianapolis has seen the introduction of several new group health products designed for companies with between 10 and 250 employees. What makes these plans intriguing is that they are self-funded health insurance vehicles. In a traditional self-funded plan, the employer pays for its own medical claims directly. Meanwhile, a third-party administrator administers the health plan […]
Why The Health Care Reform Employee Tax Subsidies Could Cost You More
The Hill Under the new health care reform law, if an employer’s group health insurance is considered unaffordable — a cost to the employee of more than 9.5% of household income — the employee would be eligible for tax subsidies through a health insurance exchange. As the law was originally interpreted, if the employee was […]
Mckinsey Methodology
McKinsey study just released the methodology that they used to generate the report. The group released questions and results by the people that took the survey. This study has become political so there will be arguments on both sides for and against. I looked at the survey and results. First thing that jumped out is over 35% […]
On Site Wellness Centers
Indianapolis On Site Wellness Inside Indianapolis Business reported on a story about a Dorel Juvenile Group attacking thier health care cost with an On Site wellness clinc. The company CEO stated that their health care costs were around $6 million a year. It sounds that this company has a Self Funded plan which requires them to pay the majority of the claims. […]
Individual health Insurance Quotes Online
As the health insurance industry changes so does the process of obtaining health insurance. There has a big shift for people to go online to receive quotes. This is a very easy way to look at health insurance rates. The problem is most sites are collecting your information so that they can sell to agents […]
Senate Sends 1099 Repeal Bill To Obama
The 1099 provision of the health care reform, which would have raised $19 billion to help pay for the law is on it’s way to being repealed. This aspect of the law would have required all businesses to file tax reporting for all vendors from which they purchased $600 worth of goods or services. Politico […]
Health Insurance Companies Audits
In the small group health insurance industry there has been a huge increase in carriers auditing their clients. The audit consists of the carrier requiring the client to provide up today wage n tax information. The carrier is looking to see if the group is still compliant form a participation standpoint. In the past very […]
Insurance Exchange Questionnaire
Insurance Exchange Input Governor Mitch Daniels wants feedback on how the exchange should be set up. You have to give the Governor credit because he is willing to ask the residents of Indianapolis what they want from their exchange.
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 […]
