Entries for ' aca'

The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees are to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019.  All non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.  If the plan is fully insured, the carrier is responsible for paying the fee. If the pla... Read more
Last week both the Senate and the House of Representatives unanimously decided upon a bill to repeal the definition of a small employer in the Affordable Care Act.  The definition of a small employer is currently a state decision where the number of employees ranges from 1-50.  With healthcare reform under the Affordable Care Act, that definition was going to change to a group of 1-100 employees as of January 1, 2016.   It is quite clear that employe... Read more
Business Benefits' president, Jim Beatrice, is interviewed by the Cincinnati Enquirer's Lisa Bernard-Kuhn as they address how Businesses tackle the Obamacare equation.  Read more
Last summer President Obama delayed the penalty provisions for employers with 50 or more full time equivalent employees until 2015, and in early February of 2014 the administration provided further relief for employers, postponing some penalties for some employers yet again.  The ACA mandate that US citizens and residents have health insurance coverage or pay a penalty remains in place for 2014 however, and an important deadline for compliance is quickly approaching... Read more
When the Affordable Care Act passed into law it became clear that 2014 was slated to be the year when many changes were to take place including the Employer Shared Responsibility provision or Employer Mandate also known as "Pay or Play".   However, on July 9, 2013 the Treasury announced that all employers who are subject to the employer mandate are relieved of the employer shared responsibility penalties and reporting requirements until 2015.  Further reli... Read more
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