First the order has no force of law itself. The order tasks federal agencies to consider some new regulations. Obamacare is still the law of the land. These changes, if they happen at all, will take months if not longer to become effective. What proposed changes does the executive order […]
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The AP (4/28, Alonso-Zaldivar, Murphy) reports that health insurers are expected to significantly increase premiums for Affordable Care Act plans. Insurance companies say they have suffered massive losses on their ACA plans, “and they’re setting the stage for 2017 hikes that in some cases could reach well into the double […]
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Head over to the Compliance Cornered blog to check out our latest post: “Employees Need to Beware Subsidy Farsightedness.” People who are farsighted see things that are far away more clearly than they see something close to them. So it is with employees who have their eyes focused on the […]
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The AP (2/26, Murphy) reported that many insurers are losing money in the health insurance exchanges created by the Affordable Care Act, threatening its future. UnitedHealth Group Inc. “may not participate in 2017” and Aetna “has questioned the viability of the exchanges.” That said, “enrollment is growing and appears to […]
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The deadline to sign-up for January 1 coverage has been extended until 11:59pm PST December 17. Because of the unprecedented demand and volume of consumers contacting our call center or visiting HealthCare.gov, we are extending the deadline to sign-up for January 1 coverage until 11:59pm PST December 17. Hundreds of thousands […]
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The Wall Street Journal (12/8, A2, Radnofsky, Subscription Publication) reports that Federal officials said Monday that uninsured people who do not get coverage by the end of the ACA’s enrollment period on Jan. 31 will not be given an extension to avoid the penalty for not having coverage. In a […]
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Reuters (11/11, Cornwell) reports that Sen. Dick Durbin (D-IL) said Tuesday that Democratic lawmakers are considering proposing changes to the ACA’s “Cadillac tax” on high-cost health plans. “I’m not proposing eliminating it at this point, I’m open to suggestions for changing it,” he told reporters. According to Reuters, Senate Minority […]
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Two Arizona health insurance companies have been placed under supervision by the Arizona Director of Insurance, Andy Tobin. Director Tobin filed an Order for Supervision on October 30, 2015, to place Meritus Health Partners and Meritus Mutual Health Partners into supervision. Meritus declined to consent to the Order for Supervision. […]
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The 2015 Reinsurance Fee deadline is quickly approaching. Employers sponsoring self-funded group health plans are required to submit their average covered lives data and schedule their Reinsurance Fee payments no later than .November 16, 2015 Reinsurance Fee Refresher The Reinsurance Fee is an annual, fixed fee per average covered life […]
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The AP (10/2) reports that Congress yesterday approved “legislation aimed at preventing premium increases that some smaller businesses were expecting next year under President Barack Obama’s health care law.” Currently, the ACA defines small businesses as having up to 50 workers. That number increases to 100 on Jan. 1, 2016. […]
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