The Affordable Care Act (ACA) continues to have a major impact on ongoing overhead costs – with associated expenses expected to rise more than a quarter of a trillion dollars between 2014 and 2022. These are costs that are over and above anticipated administrative expenses had ObamaCare not been enacted. Where is this money going? [...]
One of the mandates of the Affordable Care Act is that employers pay a 40% excise tax on the value of high-cost health plans – the ‘Cadillac Tax’. Scheduled for implementation beginning 2018, the tax is calculated as 40% of the excess of total per employee per year (PEPY) health care costs above threshold limits [...]
Beginning in January 2016 for the 2015 calendar year, the Affordable Care Act requires information reporting on minimum essential coverage. For fully-insured plans, insurance carriers are responsible for the reporting. For self-insured plans, employers, regardless of size, are responsible for the reporting. Applicable large employers (ALEs), employers who average 50 or more full-time and full-time [...]
Article is from Arielle Levin Becker, as seen in the CT Mirror As many as 30,000 customers of the state’s health insurance exchange could lose their coverage or see a drop in the subsidies used to discount their premiums next month because they did not submit information needed to verify their eligibility, acting exchange CEO [...]
Article is from theCT mirror | April 29, 2014 | by: Arielle Levin Becker Business groups question Malloy health reform funding plan Gov. Dannel P. Malloy’s proposal to hire nine workers to help develop a state-level health reform initiative isn’t, in itself, especially controversial. But the way the governor wants to pay for it -- [...]
You asked and we delivered..to your mailbox! As part of our continued effort to streamline processes and get ID cards out FASTER - we will start mailing cards directly to employee's homes beginning March 17, 2014. This change will allow us to issue cards on a daily basis - getting them to members faster and reducing the amount of [...]
