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Category: "Health Care Reform"

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03/31/17

  10:54:00 pm, by MedBen5   , 442 words,  
Categories: News, Health Care Reform

Revised SBC Template Required for Employer Plans

The Affordable Care Act (ACA) requires that issuers and health plans provide a Summary of Benefits and Coverage (SBC), including a description of what the health plan covers and the cost sharing responsibility of the consumer, in order to help… more »

03/26/17

  10:27:00 pm, by MedBen5   , 440 words,  
Categories: News, Health Care Reform, Compliance

AHCA Withdrawal Leave Lingering Questions about Health Care Reform's Future

On March 24, House Speaker Paul Ryan pulled the American Health Care Act (AHCA) ‒ the vaunted replacement to Obamacare ‒ from the floor, lacking the votes to pass the bill. So what happens next? And what can employers do to let their voices… more »

03/12/17

Final Reminders for MedBen University Roundtables

Two MedBen University industry-specific roundtables are just days away... so if you've been thinking of attending, now is the time to register! On Thursday, March 23, MedBen will host the 15th Annual Hospital Roundtable, sponsored by ISU Stop-Loss.… more »

03/08/17

  10:43:00 pm, by MedBen5   , 347 words,  
Categories: News, Health Care Reform, Taxes

ACA Replacement Bill Omits Employer Health Plan Tax

One of the major surprises of the Republican replacement plan to the Affordable Care Act ‒ tentatively called the "American Health Care Act (AHCA)" ‒ is not what's in it, but what House members left out: A provision eliminating or capping… more »

02/26/17

  09:32:00 pm, by MedBen5   , 313 words,  
Categories: News, Health Care Reform, Taxes, Compliance

Capping Tax-Deductible Employer Health Coverage a Bad Idea, Says Fraker

Earlier this month, House Republican leaders released an outline of their plan to replace the Affordable Care Act (ACA). The outline doesn't indicate how the plan would be paid for, but one frequently cited GOP funding suggestion ‒ capping the tax… more »

02/09/17

  08:28:00 pm, by MedBen5   , 288 words,  
Categories: News, Health Care Reform

MedBen President Harden Shares Thoughts on Obamacare's Future

MedBen President and COO Kurt Harden was one of several local business representatives recently interviewed by Licking County (OH) Chamber of Commerce President Jennifer McDonald for the Chamber's 2017 Economic Forecast video. During the discussion, he… more »

01/26/17

  03:20:00 pm, by MedBen5   , 322 words,  
Categories: News, Health Care Reform

Business Group Leaders Weigh in on ACA's Future

With new President Donald Trump and Congress already taking steps to possibly repeal the Affordable Care Act (ACA), the future of health care reform is very much a question mark... and employers are understandably concerned about what will happen next.… more »

01/12/17

  05:23:00 pm, by MedBen5   , 784 words,  
Categories: Health Care Reform, Taxes, Reporting, IRS

IRS Reporting Deadlines Fast Approaching

Hard though it may be to believe, here we are in January 2017... and if you're a self-funded employer plan sponsor, it's time to get serious about preparing your IRS Form 1095s. As you know, the Affordable Care Act (ACA) and its supporting regulations… more »

12/27/16

  03:49:00 pm, by MedBen5   , 311 words,  
Categories: Health Care Reform, Taxes, Compliance, Employer Mandate

ACA Uncertainty Troubles Employers; MedBen Compliance Ready to Help

With all the talk these days about repealing and replacing the Affordable Care Act (ACA), it's little wonder that its uncertain future troubles many businesses. But as health care reform is potentially "re-reformed," the MedBen Compliance team will be… more »

11/23/16

  07:22:00 pm, by MedBen5   , 315 words,  
Categories: Health Care Reform

The ACA in 2017... and Beyond

The presidential election of Donald Trump, coupled with the Republican majority in both houses of Congress, has suddenly put the future of the Affordable Care Act into serious doubt. For the short term, however, it's business as usual... and MedBen is… more »

11/21/16

  10:41:00 pm, by MedBen5   , 263 words,  
Categories: News, Health Care Reform, Taxes, IRS

IRS Extends ACA 1095 Employer Reporting Deadline

On Friday, November 18, 2016, the Internal Revenue Service released Notice 2016-70, effectively extending the due date for furnishing IRS Forms 1095-B and 1095-C to individuals offered and/or covered under employer-provided health plans. The extended… more »

11/18/16

  09:05:00 pm, by MedBen5   , 193 words,  
Categories: News, Health Care Reform

Section 1557 Discrimination Summary Available for Download

Earlier this year, Health and Human Services (HHS) and the Office of Civil Rights (OCR) published a final rule implementing Section 1557 of the Patient Protection and Affordable Care Act (ACA). This rule prohibits discrimination on the basis of race,… more »

10/17/16

  01:50:00 pm, by MedBen5   , 324 words,  
Categories: Health Care Reform, Taxes, Reporting, IRS

MedBen Ready to Help Clients Meet IRS Reporting Deadline

Hard though it may be to believe, we've already entered the final quarter of 2016. If you're a self-funded employer, that means it's time to get serious about preparing for a critical health care reform mandate: Providing the IRS with an accurate… more »

08/31/16

  03:22:00 pm, by MedBen5   , 268 words,  
Categories: News, Health Plan Management, Health Care Reform, Cost savings, Research, Third party administration

Self-funding Switch Makes Financial, Regulatory Sense

A new benefits survey indicates that the trend of switching from fully insured to self-insured is expected to grow by 35% in the next two years. This is to no surprise since fully-insured groups continue to see high premium cost growth. According to… more »

08/19/16

  07:35:00 pm, by MedBen5   , 285 words,  
Categories: News, Health Plan Management, Health Care Reform, Research

Private Exchanges — Hype Doesn’t Equal Interest

There's been a lot of hype lately about how private health insurance exchanges ‒ a system in which employees receive a set allowance to select an insurance plan from multiple vendors ‒ are the next big thing in group coverage. But as is… more »

07/26/16

  03:50:00 pm, by MedBen5   , 257 words,  
Categories: News, Health Care Reform, Taxes, Reporting

REMINDER: PCORI Filing and Fee Due No Later than July 31, 2016

As in years past, all self-funded employer health plan sponsors are required to file and pay their Patient-Centered Outcomes Research Institute (PCORI) fee no later than July 31, 2016. All self-funded plan sponsors are required to pay a fee based on the… more »

07/08/16

  05:34:00 pm, by MedBen5   , 349 words,  
Categories: Wellness, Health Plan Management, Health Care Reform, Preventive care, Compliance

ACA Preventive Care Compliance Doesn't Stop with New Recommendations

Recently, we discussed here how MedBen helps to keep self-funded, non-grandfathered plans compliant with new preventive care requirements under the Affordable Care Act (ACA). However, it's not enough to just monitor new recommendations — we also… more »

06/23/16

  06:02:00 pm, by MedBen5   , 271 words,  
Categories: News, Health Care Reform, Taxes

ACA Replacement Plan Would Cap Tax-free Employer Contributions

Some six years after the introduction of federal health care reform, House Republicans have formally unveiled a replacement for a repealed Affordable Care Act, The New York Times reports. Speaker Paul Ryan (R-Wis.) said the plan slows the growth of… more »

06/15/16

  09:09:00 pm, by MedBen5   , 278 words,  
Categories: News, Health Care Reform

HHS Conducting Minimum Value Survey of Employers

As part of an "employer verification study," the Department of Health and Human Services (HHS) is currently contacting employers to determine whether they are offering an "affordable/minimum value" plan to their employees. The Self-Insurance Institute… more »

05/25/16

  05:26:00 pm, by MedBen5   , 497 words,  
Categories: Wellness, Health Plan Management, Health Care Reform, Preventive care

MedBen Helps to Keep Your Preventive Care Benefits Compliant

With all the Affordable Care Act (ACA) regulations self-funded employers have to follow, it's easy to overlook regular updates to required preventive care. But MedBen keeps a close eye on the latest recommendations so you don't have to. Under the ACA,… more »

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