December 22, 2013

Health Reform can be pretty complicated, so we've put together some Consumer Guides to help you understand the changes. Choose your guide (or guides) below:

 

Private Plans:

December 22, 2013

What about the group plan you have now?

 

You can keep it. You shouldn't see any changes in benefits or pricing until you next plan renewal.

 

How the Affordable Care Act changes Large Business Plans: 

 

Very little, actually. The new law didn't affect how large business pla...

December 21, 2013

There's no doubt about it: we all live busy lives. There's so many personal and professional obligations, so sometimes it's nearly impossible to manage it all.

 

For so many of us, our smartphones have become our lifeline. We use them to mange our time, set reminders, bo...

December 21, 2013

Under the Health Reform law, a "Large Business" is one with 50 or more full-time equivalent (FTE) employees. You are subject to penalties starting in 2015.

 

 

What are we penalized for?

 

Starting in 2015, a Large Business is subject to penalties for not offering health in...

December 21, 2013

You can keep it. You shouldn't see any changes in benefits or pricing until you next plan renewal.

 

How the Affordable Care Act changes Large Business Plans: 

 

Very little, actually. The new law didn't affect how large business plans are priced, underwritten, or the bene...

December 21, 2013

The employee portion of the monthly premium cannot exceed 9.5% of his or her Modified Adjusted Gross Income. Keep in mind, this only considers the employee's income and what the employee pays toward single coverage only. It does not consider household income or any spo...

December 21, 2013

A full-time equivalent employee (FTE) is one who is a true employee of your business, generally receiving a W-2 at the end of the year, who works 30 or more hours per week and at least 120 days per year. 

 

Why is it important to know how many FTEs work for my business?

 

...

December 21, 2013

For shopping in the exchange for new coverage:

 

There are 3 key dates to remember for 2014 enrollment: 

  • October 1, 2013: Open enrollment starts

  • January 1, 2014: Health coverage can start

  • March 31, 2014: Open enrollment ends

  • Enroll by the 15th of the mo...

December 21, 2013

We've heard the word "delay" several times since we've heard the word "passed" in relation to the Patient Protection and Affordable Care Act (PPACA) - the law most often called ACA or Obamacare.

 

Medicare cuts were delayed until after the election.

 

The Employer Ma...

December 21, 2013

The SHOP is the Small Business Health Options Program under the new Health Reform law.


Starting in 2014, the SHOP is available for small businesses with less than 50 full-time equivalent employees. We'll help you determine if the SHOP plans will help your business, as...

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