About 11.3 million Americans have signed up so far for individual health insurance in 2016 through HealthCare.gov and the state-based exchanges, the U.S. government said on Thursday.
Enrollment for these plans, which were created under the Affordable Care Act, known as Obamacare, closes on Jan. 31. Continue reading
The House voted Wednesday to repeal most of Obamacare, sending legislation to President Barack Obama for the first time that would dismantle his biggest domestic policy achievement. Continue reading
Affordability is based on the “self-only” (or, employee only) premium for the lowest cost option offered by the employer that meets the minimum value (MV) requirement. This applies even with employees who “buy-up” to a richer plan design alternative or enroll their dependents. If the lowest cost self-only health plan is 9.5% or less of your full-time employee’s household income, then the coverage is considered affordable. However, because you are unlikely to know your employee’s household income, you can determine whether you are offered affordable coverage under the various safe harbors for employer shared responsibility provisions. Continue reading
The Affordable Care Act, otherwise known as Obamacare, has been put into motion and changed several times since its passing in 2010. As a result, business owners and employees alike are left wondering what the best options are for health insurance. Continue reading
The New Year brings yet additional IRS reporting responsibilities for some employers under the Affordable Care Act (ACA). Many employers will now need to file a range of reporting forms reflecting compliance with the health care reform’s “shared responsibility” mandate to provide affordable health coverage to their employees. However, many are still uncertain about the requirements to provide employees with these new ACA disclosures. Continue reading
Charts and graphs are helpful tools, but often they’re not enough to fully understand the complexities of health care and medical insurance. When it comes to the premium tax credit that many small-business employees are eligible for, they need all available details — and straightforward explanations Continue reading
Every year, we do it on the same day at the same time. The instant the calendar changes from the old year to the new one, we convince ourselves that this year will be different. We’re going to do everything we didn’t do in the past. It’s a predictable ritual; it’s become part of our DNA.
Good faith efforts rarely work. “Stuff” gets in our way and throws us off course. The big challenge is ending the year with the same drive and resolve with which we started it. Here are seven actions that can help: Continue reading
Seventy-four percent of employers plan to offer telehealth in 2016, up from just half in 2015!
The rapid adoption of telehealth is typically credited as being driven by health care providers, but it’s actually employers who are leading this charge.
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