Obamaco$t Coming Home to Roost
The Obama Administration is encouraging young adults to obtain coverage through health insurance marketplaces, which need healthy people to balance sicker ones in the risk pool. Why is this important? Keep reading. Aetna projects over $300 million loss on ACA business and announced that it will stop selling in 11 of the 15 states where […]
ACA in the News
ACA Enrollment Down To About 11.1M – CMS figures show that enrollment under the ACA dropped from 1.6 million people down to 11.1 million. Nearly 85 percent of remaining enrollees, 9.4 million, were receiving tax credits averaging $291 per month to help them pay their premiums. Battle over ACA Continues In Court and In Congress […]
Repealing Obamacare (Part 2of 2) – The Employer Tax Exclusion
The National Association of Health Underwriters (of which Employee Benefit Advisors is a member) and other industry groups support the employer-based healthcare system and have been opponents to eliminating or capping the exclusion and supports a platform that would preserve existing tax incentives for insurance, including the exclusion. Proposals that eliminate the exclusion would push […]
Repealing Obamacare (Part 1 of 2) – Individual Tax Credits
Republicans hope to repeal Obamacare. One plan getting attention is creating a health insurance federal income tax deduction of $7,500 per individual and $20,500 for family. Everyone will be free to use their tax credit to buy the health insurance of their choice, not just the plan their employer provides. A derivative plan recommends a […]
Everything You Need to Know About COBRA in Under 5 Minutes
Have your employees ever asked you for information about COBRA? Have you ever had to spend time trying to explain how it works? Wouldn’t it be nice to have a simple reference you could point them to? Diversified Administration came up with this 5 minute video “Everything You Need to Know about COBRA in Under […]
When does the affordable part of the affordable care act start?
Insurers Plan to Significantly Raise Premiums – Citing huge losses on ACA plans. Continued Disapproval Of ACA – A new survey released by the Pew Research Center found that 54 percent of consumers still disapprove of it. Data show 31 percent of respondents believe the ACA “has had a mostly negative effect on them and […]
2017 ACA Required Contribution Percentages
The required contribution percentages for 2017 used to determine whether individuals are eligible for a premium tax credit and whether individuals are eligible for an affordability exemption from the individual mandate have increased. Premium Tax Credit Eligibility will increase to 9.69% – Percentage is used to determine if an individual is eligible for a premium […]
Wellness: Prevention Pays
The Public Health Institute claims for every $1 spent on workplace wellness programs can save up to $6. Programs can reduce sick leave, medical costs and workers’ comp claims by 25%. A 1% reduction in health risks could save $83 – $103 annually in medical costs per person. Even if the claims are exaggerated threefold […]
Obamacare, Obamaco$t – What you’re not hearing
Here are some headlines you’re nor hearing unless you’re paying really close attention to the ACA (Affordable Care Act), aka Obamacare. 12 failed co-ops which were created under the Affordable Care Act could cost taxpayers $1.2 billion – Four of the remaining co-ops created under the Affordable Care Act are experiencing weak enrollment, which is […]
Up Up and Away – 2017 ACA Cost-Sharing Limits Released
HHS updated the annual limits based on the premium adjustment percentage for 2017. As a result, annual out-of-pocket expenses may not exceed $7,150 for self-only coverage or $14,300 for family coverage in 2017. – Why? It is an attempt to keep the premiums down. – I can hear the moans and groans of open enrollment […]