A Summary of Benefits and Coverage (SBC) is a four-page (double-sided) communication required by the federal government under the Patient Protection and Affordable Care Act (ACA). It must contain specific information, in a specific order and with a min…
By Bill Olson, Chief Marketing Officer at United Benefit Advisors As the saying goes, an ounce of prevention is worth a pound of cure, and that’s definitely the case when it comes to a health plan audit by the U.S. Department of Labor (DOL). And prevention is certainly warranted, according to Jeff Hadden, Partner at … Continued
The Patient Protection and Affordable Care Act (PPACA) provides that individuals who do not have minimum essential (basic medical) coverage will owe a penalty unless they qualify for an exemption.
Posted by Carol Taylor On November 6, 2014, the collective Departments of Health and Human Services (HHS), Labor (DOL) and the Treasury released three Frequently Asked Questions (FAQs) directed at employer payment plans for the purchase of individual insurance. While the departments had previously released several other pieces of guidance about these arrangements, this latest … Continued
States will be the ultimate determinant as to whether they will allow insurers to renew existing health insurances plans in 2014 even though these policies may not comply with the new Affordable Care Act, President Obama and state insurance regulators agreed at a White House meeting last night.
Employers need to ensure their retirement plans are in compliance with new rules regarding same-sex marriage. Read more…
Insurers will not be required to meet most of the provisions of PPACA if they renew individual or small group policies that were in effect on Oct. 1, 2013. Read more…
Keeping you informed on PPACA compliance including the recent plan renewal extension, and top health insurance options for employers.
The White House announced that insurers will not be required to meet most of the provisions of PPACA if they renew individual or small group policies that were in effect on Oct. 1, 2013.
President Barack Obama announced that Americans whose health care plans have been canceled because they fall short of PPACA standards have been granted a one-year reprieve
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