Health Coverage Archives

12 Nov Affordable Care Act Update: IRS Extends ACA Reporting Deadline and Good-Faith Relief from Penalties

Posted at 20:02h in Affordable Care Act, Commercial Insurance, Employee Benefits, Group Benefits, Health Insurance

Setnor Byer Insurance & Risk This seemingly endless year is almost over…finally. That means it’s time for Applicable Large Employers (ALEs) to start focusing on the Affordable Care Act’s annual information-reporting requirements. Fortunately, the Internal Revenue Service extended the deadline for ALEs to furnish 2020 information...

24 Feb Is Telemedicine Right for Your Business?

Posted at 16:27h in Group Benefits, Health Insurance

Industry experts estimate that 80% of employers will offer telemedicine by 2018. So what exactly is this trending health care benefit? Well, telemedicine generally refers to the practice of using telecommunications technologies (phone, Internet, etc.) to diagnose and treat patients, and in case you haven't...

08 Apr Small Group Health Premiums under the Affordable Care Act

Posted at 13:28h in Affordable Care Act, Group Benefits, Health Insurance

Controlling health insurance premiums was a primary goal of health care reform. Before the Affordable Care Act (ACA), small group health insurers could vary premiums for a number of reasons, such as a group's overall health status, size, age, gender, history or industry. As a...

28 Jan Are You Ready for the New Affordable Care Act Reporting Requirements?

Posted at 13:44h in Health Insurance, Labor & Employment Law

The Affordable Care Act (ACA) requires Applicable Large Employers (ALEs) with 50 or more full-time or full-time equivalent employees to file information returns with the Internal Revenue Service and provide statements to their full-time employees about employer-offered health insurance coverage. This information will be used...

10 Dec Understanding Excepted Benefits Under the Affordable Care Act

Posted at 20:26h in Employee Benefits, Health Insurance

Many employers offer benefits packages that provide employees with more than just health insurance coverage. Though some of these benefits, like pre-paid legal service plans, are clearly not health-related, others may provide employees with some health-related benefits. Does this mean they are subject to the...

15 Oct How Can Safety Reduce Workers’ Compensation Insurance Premiums?

Posted at 14:28h in Commercial Insurance, Human Resources, Risk Management, Safety

Workers' compensation insurance provides indemnity and medical benefits to employees injured on the job. Many states, including Florida, set the premiums for workers' compensation insurance, so shopping around isn't the way to save money. However, employers can reduce their workers' compensation insurance premiums by maintaining...

17 Sep What is a Grandfathered Group Health Plan?

Posted at 14:08h in Health Insurance

Though the term ‘grandfathered' is commonly used when discussing group health insurance under the Affordable Care Act (ACA), many people don't know what it means. ‘Grandfathered' is used to describe group health plans that are exempt from many of the ACA's provisions. These exemptions were...

13 Aug Counting Employees under the Affordable Care Act’s Pay-or-Play Provisions

Posted at 13:07h in Commercial Insurance, Employee Benefits, Health Insurance

Employers subject to the Affordable Care Act's Employer Shared Responsibility provisions may be assessed a penalty if they do not offer affordable health coverage that provides a minimum level of coverage to their full-time employees and their dependents. Whether an employer is subject to these...

Health Coverage Tag

15 Oct How Can Safety Reduce Workers’ Compensation Insurance Premiums?

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