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
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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WASHINGTON — A million new customers have signed up for health insurance during the Affordable Care Act’s third open-enrollment season, Obama administration officials said Wednesday. They said it showed a widespread desire for coverage under the law. Continue reading
FRANKFORT, Ky. — The 9-year-old Kentucky girl calls the woman “nommy” and bears her middle and last name. They lived in the same household until the girl was 4, and “nommy” once carried the child on her insurance plan. Continue reading
A $48 billion deal that would create the nation’s largest health insurer inched closer to completion after shareholders of both Anthem and Cigna voted in favor of a buyout. Continue reading
