by Jimmy Beatrice | September 15, 2015 | Employee Benefits, Employer Guidance, Health Care Reform
The Affordable Care Act’s high-cost plan tax (HCPT), called the “Cadillac plan” tax, will likely affect employer decisions about their health benefits in the future. This new tax takes effect in 2018 and proposed rules have been released by the IRS... by Geralyn Isler | September 13, 2015 | Employee Benefits, Health Care Reform
The ACA established a Transitional Reinsurance Program to help stabilize premiums for coverage in the individual market during the years 2014 through 2016. The statute requires all fully insured and self-insured group health plans to make contributions...September 9, 2015 | Employee Benefits, Employer Guidance, Health Care Reform
Federal Law requires health insurance carriers and self-funded employers to report health insurance coverage to the IRS using members' (including dependents) Social Security numbers (SSNs). For many years, health insurance carriers did not always require dependent... by Geralyn Isler | July 29, 2015 | Business Benefit News, Employee Benefits, Recommended Articles
We are extremely pleased to announce that our own Gary Beatrice has been selected to be the recipient of the very prestigious NKY Chamber’s 2015 Walter R. Dunlevy Frontiersman award! This award will be presented to Gary at the NKY Chamber’s Annual... by Jimmy Beatrice | July 29, 2015 | Employee Benefits, Insurance Company News
Another rumored major health carrier agreement has unfolded just following the recent buy-out agreement of Aetna for Humana. After several long weeks of deal making, Anthem finally agreed to pay 54.2 billion dollars for Cigna Corporation on July 24th, becoming... by Jim Beatrice | July 3, 2015 | Employee Benefits, Insurance Company News, Medicare & Individual, Recommended Articles
Of the recent rumored major health carrier acquisitions, the first official agreement was announced today, July 3, 2015. Aetna and Humana agreed to a $37 billion deal. See official announcement here. The approval and acquisition process is expected...June 28, 2015 | Employee Benefits, Health Care Reform
The Affordable Care Act requires that all fully-insured employers with fewer than 50 employees, which provide group health insurance, provide plans that are subject to community rating by 2014, and that all employers with fewer than 100 employees, which provide group... by Jim Beatrice | June 26, 2015 | Employee Benefits, Employer Guidance, Health Care Reform
The National Association of Health Underwriters recently published an article about the Cadillac Tax. The Cadillac Tax is set to go into effect in 2018. It will apply a 40% excise tax on the amount of the aggregate monthly premium of each primary insured individual... by Jim Beatrice | June 26, 2015 | Employee Benefits, Recommended Articles
New HSA limits were released by IRS for 2016. Contribution Limits: Single – $3,350 Family – $6,750 (Catchup contributions +$1,000) Deductible Minimums: Single – $1,300 ... by Geralyn Isler | June 26, 2015 | Employee Benefits, Health Care Reform, Medicare & Individual
For all non-grandfathered health plans beginning in 2016, the maximum annual out-of-pocket limit is $6,850 for self-only coverage and $13,700 for other than self-only coverage. HHS and DOL recently clarified that the self-only maximum annual out-of-pocket limits apply...
