Thursday, February 28, 2013
The IRS and the Department of Health and Human Services (HHS) have released a preliminary version of an employer plan minimum value (MV) calculator. The MV calculator is designed to assist employers in determining whether an employer-sponsored health plan meets minimum value requirements contained in the Affordable Care Act (ACA).
Friday, February 8, 2013
The Affordable Care Act (ACA) set up a new nonprofit entity, the Patient-Centered Outcomes Research Institute, to fund and support clinical effectiveness research. This research will be partially funded by health insurance companies and sponsors of self-insured health plans.
Wednesday, February 6, 2013
The American Taxpayer Relief Act of 2012 (ATRA), passed by Congress and signed into law by President Obama on January 2, 2013, brought the country back from the “fiscal cliff,” and within its pages also made changes to a benefit offered by many employers: qualified transportation benefits.
Tuesday, February 5, 2013
The IRS has issued an amendment to final regulations originally issued May 23, 2012 regarding qualification for a premium tax credit (premium assistance) when purchasing individual health insurance through a public exchange. In the case of family members who are eligible for employer sponsored insurance (ESI), affordability for family members will be based on the employee’s required contribution for self-only coverage (i.e. employee only coverage), not the required contribution for family coverage.
Thursday, January 24, 2013
As anticipated, based on prior informal comments, the Department of Labor (DOL) has delayed the employer requirement to send a “Notice of Exchange” to employees.
The Affordable Care Act (ACA) amended the Fair Labor Standards Act (FLSA) requiring employers to send a notice describing certain elements of exchanges and subsidy eligibility to employees by March 1st, 2013. However, citing a number of factors, the DOL has delayed the requirement until after guidance is issued later in 2013.
Friday, January 18, 2013
In welcome news for employers, the Department of Labor (DOL) has stated in informal comments that they plan to delay the employer requirement to send a “ Notice of Exchange” to employees.
Wednesday, January 9, 2013
Please download document. This summary is provided as an overview of some of the provisions of the Patient Protection and Affordable Care Act (PPACA). For more details or questions, please contact your Parker, Smith & Feek Benefits Team.
Tuesday, January 8, 2013
The IRS has released additional guidance related to the Affordable Care Act (ACA) employer shared responsibility rules. The guidance includes proposed regulations published in the Federal Register on Wed.
Monday, November 26, 2012
Last week, The Department of Health and Human Services (HHS) released two sets of proposed regulations related to provisions of the Affordable Care Act (ACA) important to individual and fully-insured small group health plans. Rules were released regarding essential health benefits, plan actuarial valuation, and small group rating and underwriting rules.
Tuesday, November 20, 2012
Healthcare Post-Election Update Description and Disclaimer In the Healthcare Reform Post-Election Update, Parker, Smith and Feek (PS&F) gathered three healthcare insurance experts to examine the Affordable Care Act (ACA).
Friday, November 16, 2012
This summary is provided as an overview of some of the provisions of the Patient Protection and Affordable Care Act (PPACA). For more details or questions, please contact your Parker, Smith & Feek Benefits Team.
Thursday, November 15, 2012
With the re-election of President Obama, and very little change in the make-up of Congress, the path to full implementation of the Affordable Care Act (ACA) now seems clear. Many employers may have not aggressively acted to address the impact on their employer plans due to the questions about the future of the law and because some of the most significant provisions of the ACA aren’t effective until 2014.