The health insurance marketplace is now open for individuals! This is great if you qualify for a subsidy, but, if like many, you don’t, it can be a confusing time amidst overwhelming choices of what to do. Luckily, whether you’re a group, an employee, or an individual, no matter where in the United States you […]
Short-term plans and no penalty highlight Obamacare sign-up period Wider availability of short-term plans and the elimination of the penalty are two big changes that have set this year’s apart from past sign-up periods. Source: Kaiser Health News / NBC News The annual open-enrollment period for people who buy their own insurance on the Affordable […]
Have you ever wondered what all those terms are when you are trying to choose a health plan during open enrollment? Here are a select few excerpts from and a link to Centers for Medicare and Medicaid Services‘s Glossary of Health Coverage and Medical Terms: Allowed Amount: Maximum amount on which payment is based for […]
On April 13, 2017, the federal Department of Health and Human Services (HHS) issued final regulations designed to help stabilize the individual and small-group health insurance markets. The new rules generally do not impact large-group plans. The rules also do not impact self-funded plans (whether large group or small group), grandfathered plans or insurance not […]
Compliance Update – 02/09/2017 Informative Q&As for Forms 1095-B and 1095-C Recently released IRS Q&As regarding employer filing requirements under section 6055 and 6056 of the Affordable Care Act (ACA), commonly known as 1094 and 1095 filings, provide additional information on codes to be used for COBRA participants and Health Reimbursement Arrangements (HRAs) sponsored by an […]
The Supreme Court ruled on an important issue affecting health insurance in the U.S. The decision upholds the Affordable Care Act and affirms an eligible individual’s ability to obtain subsidized health insurance through a federal exchange. Employers 50+ must continue comply with the requirement to provide minimum essential health coverage to their employees or face […]
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