Insurance News

After more than four years of working on Healthcare Reform, one might expect the chaos to have settled down a bit. Unfortunately, the ambiguities of ACA (Affordable Care Act) and the Obama Administration’s shifting deadlines have extended and exacerbated the upheaval. Some of this upheaval has resulted in good news for many of you. One […]

One time Opportunity for Current Federal COBRA Enrollees to Move to New ACA Plan The Department of Health and Human Services has provided a one-time-only Special Enrollment Period available until July 1, 2014, for individuals currently enrolled in a COBRA plan. This allows COBRA enrollees to move to a consumer market ACA plan and drop […]

Important News You Can Use: On May 16, 2014, the Internal Revenue Service (IRS) issued a FAQ clarifying that it is illegal for an employer to pay for individual health coverage for employees inside or outside of the Marketplace with pre-tax dollars despite those who claim there are loopholes available that make such offerings permissible. […]

You are still required by law to have insurance this year. You can only purchase ACA compliant health plans until March 31. You do NOT have to go through the Federal Marketplace to purchase health insurance. Read More: Well, what a rocky start to our new health care system thus far!! The marketplace website did […]

By now, we all know that most everyone must comply with the new PPACA law beginning January 1, 2014. Although the tax penalties have been delayed until January 1, 2015 for groups with 50+ employees, these large groups are still expected to comply with the law in 2014. WHAT TO EXPECT FOR INDIVIDUALS AND GROUPS: […]

The new Federal Exchange Marketplace, which will be operating in Florida effective January 1, 2014, is still on target to open for business 10.1.13 for effective dates of 1.1.14. The open enrollment period this first year will be from October 1, 2013 to March 31, 2014. Thereafter, it will be from October 1st to December […]

You need to know: Beginning in 2011, HSAs and FSAs may no longer be used to purchase over-the-counter (OTC) medications, such as non-prescription pain relievers, cold medicines, antacids and allergy medications. Over-the-counter medications prescribed by a physician will still be reimbursable on a tax-favored basis by these plans. This new rule does not apply to […]

By now you are beginning to hear a lot more about the new Health Care Reform changes and the Federal Exchange Marketplace effective this coming January, 2014. What should I do? Since the required group insurance changes will not take place until your 2014 renewal date you can relax for now. As a small group […]

This is a brief description of changes effective 9/23/10. Most of these changes will occur with your next renewal:

In general, the credit is available to small employers paying at least half the cost of single coverage for their employees. How to Qualify? Generally, the tax credit is available to employers with fewer than 25 full-time equivalent (FTE) employees paying wages averaging less than $50,000 per employee per year. However, since the eligibility formula […]