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Trump Order and ACA
President Trump signed an Executive Order on Jan 20 Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal.
No Tax Restarts
No Tax Restarts No need to wait till next Jan 1st to make changes. No tax restarts are good news for PEO prospective groups. Federal Tax Restarts Are No Longer An Issue The significant added expense of having to pay tax restarts often postponed or ended the PEO...
Medicare 2017 Deductibles Announced
Medicare 2017 Deductibles Announced 2017 Medicare Parts A & B Premiums and Deductibles Announced. On October 18, 2016, the Social Security Administration announced that the cost-of-living adjustment (COLA) for Social Security benefits will be 0.3 percent for 2017....
21st Century Cures Act Passed
21st Century Cures Act Passed On Tuesday The 21st Century Cures Act Passed and signed by President Obama. The 'Act" has numerous components but the the greatest impact on small business is the HRA ( health reimbursement arrangement) component. The Cures Act...
Overtime Pay FLSA on HOLD
Overtime Pay FLSA on HOLD Overtime Pay FLSA on HOLD. Yesterday, Judge Amos Mazzant III issued an injunction blocking the overtime rule changes that were set to take effect on December 1. The New FLSA Overtime Rules changes would have raised the white collar exemption...
Understanding the Labels on Your Thanksgiving Turkey
Understanding the Labels on Your Thanksgiving Turkey Use this cheat sheet to help navigate labels when shopping for your Thanksgiving turkey From our wellness partner, Cleveland Clinic There’s a lot to consider when shopping for your Thanksgiving turkey. Use this...
1095 Filing Extended to March 2, 2017
1095 Filing Extended to March 2, 2017. The employer reporting deadlines are delayed, not deleted! When are the 1095 filing forms due? Form Delivered to the Employee Delivered to the IRS (Paper) Delivered to the IRS (Electronically) 1095-C 3/2/2017 2/28/2017 3/31/2017...
2017 Election Results and ACA
2017 Election Results and ACA The 2017 Election Results and ACA is a hot topic creating buzz. With the outcome of the 2016 elections now official, the Republicans will hold the majority in both chambers of Congress and control of the White House beginning in 2017....
Why a Private Exchange?
Why a Private Exchange? A Private Exchange Answers These Top 10 Questions. Defined Contribution: I don’t want to get involved in peoples individual health insurance needs. How does the Employer extricate from this very personal and important employee need and yet...
2017 Individual Open Enrollment
2017 Individual Open Enrollment Everything you need to know ahead of tomorrow's 2017 Individual Open Enrollment. This Open Enrollment marks the 4th anniversary of Obamacare a.ka. The Affordable Care Act. As a helpful resource, the new NY and NJ rates with important...
Top 10 medical innovations for 2017
Top 10 medical innovations for 2017 By Lydia Coutre, Crain's Cleveland Business | October 27, 2016 The Cleveland Clinic announced its list of the top 10 medical innovations for 2017 that have the potential to transform healthcare. The 11th annual list was announced...
2017 NJ Individual Health Plans
2017 NJ Individual Health Plans NJ Dept of Banking and Insurance posted the 2017 NJ individual health plans Monday. Only two carriers will offer plans on the state's Obamacare marketplace next year: Horizon Blue Cross Blue Shield of New Jersey and AmeriHealth....
Empire Strikes Back – 2017 Plans
Empire Strikes Back - 2017 Plans Empire recently announced their re-entry back into the New York small group market for 2017. A legendary broad networked PPO is welcome news especially in the NY small group market of 1-100 employees. Recently, the broad national...
Health Republic NJ Shutting Down
Health Republic NJ Shutting Down In yesterday's surprise announcement, NJ regulators will be shutting down Health republic NJ for 2017 "because of its hazardous financial condition". This marks the demise of the second Metro area healthcare co-op with the...
Risk Adjustment, Reinsurance, and Risk Corridors
Risk Adjustment, Reinsurance, and Risk Corridors Leading explanation of ACA's 3 R's Risk Adjustment, Reinsurance, and Risk Corridors of health insurance reform from Kaiser Family Foundation. By Aug 17, 2016 | Cynthia Cox Follow @cynthiaccox on Twitter, Ashley...
Break Your Sugar Addiction in 10 Days Infographic
Break Your Sugar Addiction in 10 Days Infographic From our wellness partner, Cleveland Clinic Do you have a sweet tooth?Break Your Sugar Addiction in 10 Days Infographic. Most of us will overindulge at times. But the more sugar we consume, the more we want, says Mark...
NYS 2017 Final Rates Approved
NYS 2017 FINAL Rates Approved NYS has approved 2017 Final Rates. Small group rates will increase 8.3%, a reduction from the 12.3% average originally requested. In the individual market, the average increase will be 16.6%, a reduction from the originally...
Clinton vs Trump on Healthcare
Clinton vs Trump Healthcare. A helpful overview from SHRM on the differences between the Candidates. They presumably agree on repealing the Cadillac Tax and well-needed price transparencies.
Empire Strikes Back
Empire Strikes Back Empire recently announced that they will be re-entering the New York small group market in 2017. This is welcome news indeed especially in the NY small group market of 1-100 employees. Recently, the broad national networks have been diminished to...
Breaking: Oxford Exits Metro Indiv & Oxford Liberty HMO 2017
Breaking: Oxford Exits Metro Indiv & Oxford Liberty HMO 2017 A neat quote mentioned in yesterday’s Crains Health Pulse. I only wish it were for better news. 1. Oxford will be leaving NY Individual health plans. The popular Oxford Metro plan offered...
FINAL 2017 Marketplace Guidance
Final 2017 Marketplace Guidance Health and Human Services had released earlier this year the final version of its 2017 Notice of Benefit and Payment Parameters. Under the Affordable Care Act (ACA) this is issued annually. While the guidance is mostly relate dot the...
Updating Your Employee Handbook for Benefit Provisions
Employee Handbooks are important 4 informing employees of their rights and duties, communicating available resources, and outlining paid time off policies.
NYS Obamacare Lost $100 Million
According to a released study by United Hospital Fund May 2016 report Insurance companies operating on New York’s individual exchange market lost $100 million in 2014.
NYS 2017 Rate Requests
NYS 2017 Rate Requests The State released NYS 2017 Rate Requests with average increases of 17.3% individual market and 12% for small groups. This early 5/12/16 deadline request requirement is not an Obamacare requirement. As per NY State Law carriers are required to...
NYS FMLA Update
NYS FMLA Update Last month Governor Cuomo signed into law New York’s Paid Family Leave Act,that will require employers to provide paid family leave benefits to eligible employees as part of the state’s disability insurance program.The law exceeds federal FMLA of...
HSA 2017 Limits
HSA 2017 Limits The IRS has released the 2017 Health Savings Account (HSA) inflation adjustments. To be eligible to make HSA contributions, an individual must be covered under a high deductible health plan (HDHP) and meet certain other eligibility requirements. New...
UnitedHealthcare will drop ACA exchanges
UnitedHealthcare will drop out of most ACA exchanges
Mergesurance Mania
Mergersuance mania Health Insurance Mergers and Provider Hospital consolidation
1095B and 6055 Reporting Requirements FAQ
The 1095-B is issued by Insurers on behalf of fully insurers members directly. Call us today for a helpful ACA audit (855) 667-4621 or info@medicalsolutionscorp.com.
Brand Name Drugs Are a Waste of Money?
On average, generics cost 80 to 85 percent less than name-brand medicines, according to the Food and Drug Administration (FDA). And buying unbranded drugs isn’t like opting for cheap toilet paper or no-name face cream: Less expensive here doesn’t necessarily mean lower quality
IRS Extends 1094 and 1095 Deadlines
IRS Extends 1094 and 1095 Deadlines to March 31, 2016 and May 31, 2016 repectively.
Breaking: Cadillac Tax Delayed
The Cadillac Tax delayed for two years from 2018 to 2020.
Aftermath of Health Republic Shut Down
Doctors, Insurance Brokers Could Lose Millions After Health Republic’s Collapse – Mahopac NY News
Health Republic NY Shutting Down Nov 30
Breaking: according to early reports the healthcare Co-Op Health Republic will be shutting down Nov 30t, 2015.
2016 Individual Open Enrollment Deadlines
Penalty: The uninsured penalty rises to $695 or 2.5% of your income, whichever is higher.