Industry News

The Employers Guide to “Play or Pay”

The Employers Guide to “Play or Pay”

The Patient Protection and Affordable Care Act (PPACA) has been referred to as  the most sweeping overhaul of the U.S. health care system in the last half-century. Many major provisions of PPACA will be phased in by January of 2014, while the remaining provisions are expected to be phased in by 2020. One of PPACA’s main goals is to reduce the number of Americans without health coverage. As a result, most Americans will be required to purchase some type of ...

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IRS Releases Final Reporting Regulations

IRS Releases Final Reporting Regulations

In order for the Internal Revenue Service (IRS) to verify that individuals and employers are meeting their shared responsibility obligations and that individuals who request premium tax credits are entitled to them, employers and issuers will be required to provide reporting on the health coverage they offer. The reporting requirements are in two separate sections of the Patient Protection and Affordable Care Act  (PPACA) – sections 6055 and 6056. Reporting will first be due early in 2016, based on coverage ...

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Eligibility Waiting Periods

Eligibility Waiting Periods

On February 20, 2014, the Department of Health and Human Services (HHS), the Department of Labor (DOL) and the Internal Revenue Service (IRS) released final regulations on the eligibility waiting period requirements. The Patient Protection and Affordable Care Act (PPACA) provides that plans may not require an employee who is eligible for coverage to complete a waiting period of more than 90 days before coverage is available. This requirement is effective on the first day of the 2014 plan ...

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People Power – Employee Engagement

People Power – Employee Engagement

For many employers, this scenario is all too familiar: A company starts a wellness program or purchases a stellar benefit in the hopes that they will boost morale, retain top talent and even shrink health insurance costs. Yet the company still ends up with an unhappy and unhealthy workforce that is unproductive and difficult to motivate.

A common reason: Regardless of what rich perk or plan an employer offers, it likely will fizzle if employees either don’t know about it or ...

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The Employer’s Guide to “Pay or Play” 2014 Update

The Employer’s Guide to “Pay or Play” 2014 Update

With every day that goes by, the nation’s employers move a step closer to having to make play or pay decisions. Many employers have less than a year to prepare for the arrival of this core provision of PPACA. Their decisions are far from easy…the ensuing financial, legal and competitive implications are profound…and the clock is ticking.

Some employers believe that the play or pay mandate will raise their costs and force them to make workforce cutbacks. As a result, they’re ...

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Effect of Health Reform for 50 to 64 Year Olds

Effect of Health Reform for 50 to 64 Year Olds

Gerry Smolka, Megan Multack, and Carlos Figueiredo
AARP Public Policy Institute

Click here to read the full story

What do the reforms in the Affordable Care Act (ACA) mean for 50- to 64-yearolds? Much depends on whether they have health coverage now and on how they get it. Most people in this age group are covered through employers, so employers’ decisions about health benefits shape their options. For those who have modest incomes and who currently buy coverage in the  ...

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UBA 2013 Health Plan Survey Shows Major Differences in Health Benefits Across U.S. Regions

UBA 2013 Health Plan Survey Shows Major Differences in Health Benefits Across U.S. Regions

Survey Results Illustrate Value of Benchmarking for Competitive Advantage, Savings

Houston, TX (PRWEB) November 19, 2013

“The size of our survey, with nearly 11,000 employers responding, allows our clients to benchmark their plans based upon plan type, region, employee size and industry category more accurately than any other survey available, and gives them the best opportunity to see how their plan stacks up against competitors’ plans and so they can better understand and communicate the value of their benefits to employees,” says ...

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Exchanges: Plenty of Options, or Not?

Exchanges: Plenty of Options, or Not?
Originally posted by United Benefit Advisors

Health care exchanges, one pillar of the Patient Protection and Affordable Care Act (PPACA), launch in just two months, yet there is still great uncertainty about how effective they will be among legislators, insurance brokers and advisors.

The basic idea of the exchanges, put simply, is to create competition and thus, more choices. Yet when the exchanges launch in October, people in many states aren’t expected to have a lot of those choices, Stateline, the daily ...

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United Benefit Advisors to Sponsor Webinars on Wellness Program Strategies and Related PPACA Regulations

United Benefit Advisors to Sponsor Webinars on Wellness Program Strategies and Related PPACA Regulations

Originally Posted by Bill Olson on United Benefit Advisors

Understand the connection between employee productivity and health and how to ensure wellness initiatives are PPACA-compliant in two upcoming Unum webinars

Indianapolis, IN, [August 20, 2013] ⎯ More than 75 cents of every health care dollar spent in the United States goes toward treating chronic diseases such as arthritis, asthma, cancer, cardiovascular disease and diabetes, according to the Centers for Disease Control and Prevention. Consequently, employer-sponsored wellness programs are on ...

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PPACA and the Individual Shared Responsibility Requirement

PPACA and the Individual Shared Responsibility Requirement

Originally posted by United Benefit Advisors

Although the employer shared responsibility requirements have been delayed to 2015, the individual responsibility requirement (also known as the individual mandate) is still scheduled to take effect in 2014. Under the individual mandate, most people residing in the U.S. will be required to have minimum essential coverage, or they will have to pay a penalty. Many individuals will be eligible for financial assistance, through premium tax credits (also known as premium subsidies), to help them ...

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