The Affordable Care Act (ACA, health care reform law) affects health care benefits and costs for businesses and employees. Among the ACA provisions are federally required fees and taxes, including: Comparative effectiveness research fee, ACA reinsurance fee and ACA insurer fee. … Read the rest
I received the following update this morning regarding the Covered California Health Care Exchange. The rates have not been released yet but at least it appears that we’re going in some direction. I’ll keep you posted!
Covered California™ announced 13 diverse health insurance plans that will offer in 2014 affordable, quality health care coverage to millions of Californians.… Read the rest
Everyone Deserves Legal Protection
A good friend and colleague, Tracy Tokunaga, has just announced her affiliation with LegalShield, an affordable legal service available for a nominal monthly fee.
LegalShield has been offering legal plans for 40 years, creating a world where everyone can access legal protection – and everyone can afford it.
On February 13th, Covered California (our state’s health insurance exchange) released its standardized plan benefit structure for plans offered under the Affordable Care Act starting in 2014. These benefits must be offered in the individual and small group (under 50 employees) markets both inside and outside of Covered California’s marketplace. … Read the rest
The Affordable Care Act (ACA or health care reform) says “applicable large employers” have to offer health insurance to their full-time employees or they may incur a penalty. But what is an “applicable large employer”, how many hours do full-time employees work, and what happens if health insurance isn’t offered?… Read the rest
Reporting Health Care Costs on an Employee’s W-2 (only applies to groups with 250 or more employees)
As of January 1, 2013, certain employers must report the cost of health care coverage provided under an employer-sponsored group health plan on employees’ W-2 forms. This requirement became effective as of January 1, 2012 but was deferred by making the requirement optional for employee’s Tax Year 2011 W-2 forms.… Read the rest
Health Benefit Exchange Update: March 1, 2013 Notice of Coverage Options Requirement Delayed
Under Section 1512 of the Patient Protection and Affordable Care Act (PPACA), employers subject to the Fair Labor Standards Act (FLSA) are required to provide their employees with written notice of coverage options available through state health insurance Exchanges.… Read the rest
In 2014, individuals and employees of small businesses will have access to affordable coverage through a new competitive private health insurance market – State-based Affordable Insurance Exchanges. Affordable Insurance Exchanges will provide individuals and small businesses with a “one-stop shop” to find and compare affordable, quality private health insurance options.… Read the rest