Small Business

5 Trends in Health Care 2016

What are the trends driving change in the healthcare industry? Here is an excerpt from BenefitsPro author  REID RASMUSSEN commenting on the trends he identifies as the most impactful factors in this year's healthcare environment: All around the country, brokers ask where the industry is going? They want to know if other states are seeing the same [...]

Employer Groups Can Keep Benefit Plans Longer

Our business  clients can keep their current benefit plans even longer Earlier this year, guidance from the Center for Medicare & Medicaid Services (CMS) brought news related to non-ACA (Affordable Care Act) benefit plans. This guidance means that certain employer groups (up to and including 50) can keep their current medical benefit plans and continue to be [...]

2016-06-22T18:31:33+00:00 June 22nd, 2016|Categories: Employer Plans, Frequently Asked Questions, Recent News, Small Business|0 Comments

Emergency Rooms Suffer Drug Shortages; Healthcare Pressures Complicate Solutions

Drug shortages in U.S. emergency rooms increased by more than 400 percent between 2001 and 2014, a new study finds. The study, published in Academic Emergency Medicine, a medical journal, found more than 1,800 reported drug shortages during the 13-year timeframe. Just over a third of the reported shortages came from emergency departments, and in [...]

Breaking News: Anthem Acquisition of Cigna in Wake of ACA

Healthcare Reform and the quest to reduce waste is back in the news today. The ACA has produced some tumultuous results in the healthcare industry as reported by Insurance Business America in the following report by Jill Gregorie.  Our analysis follows the report.   "Anthem Inc has agreed to purchase Cigna Corp for $54.2 billion in a [...]

News for Humana Sunscribers and Florida Hospital Patients

News for patients using Humana networks: Last October we had to notify our Humana clients that Florida Hospital had not continued their contract with Humana, but now we are happy to report that Florida Hospital and Humana are working together again. Central Floridians who have Humana health insurance can once again pay in-network fees at [...]

Aetna to Acquire Humana

Aetna and Humana Inc. announced on July 3 that they have entered into a definitive agreement under which Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at $37 billion or approximately $230 per Humana share based on the closing price of Aetna common shares on July 2, 2015. In a [...]

What If I Have Job-Based Coverage?

If you have coverage from a job (or a family member’s job):  You will not owe a fee because you have met the Shared Responsibility Provision. With job-based insurance, you are considered covered and won’t have to pay the fee that uninsured people must pay.   You may also purchase your own healthcare insurance. You [...]

“What Is That???”: Health Insurance Definitions

Glossary of Health Insurance Terms   actuary - a mathematician in the insurance field. Responsible for calculating premiums, developing plans and defining underwriting risk. Affordable Care Act - The comprehensive health care reform law enacted in March 2010. The law was enacted in two parts: The Patient Protection and Affordable Care Act was signed into law [...]

You Are Invited to “Affordable Care Act 101”

The latest updates on Healthcare Reform are presented at our "Affordable Care Act 101" presentations. Join us this week when we are hosted by accounting and tax expert  ATI Professional Services Inc.   We will present valuable information regarding mandates, subsidies, and new updates on the deadlines for 2014 and beyond. Learn how to choose your [...]

What Do I Need to Know About Essential Health Benefits?

How your Insurance Plan will look in 2014 The Affordable Care Act (ACA) requires that non-grandfathered health insurance plans offered in the individual and small group markets (both inside and outside of the Exchanges) provide a  package of health care services, known as “Essential Health Benefits” (EHB). More specifically, we use the term "10 Essential Health [...]

2013-08-02T02:57:36+00:00 August 2nd, 2013|Categories: Employer Plans, Individual Insurance, Recent News, Small Business|0 Comments

“Can I Keep My Plan if I Like It?”

Questions about Healthcare Reform Note: See Important Update  at the End of this Article!  “You can keep your insurance if you like it” became a popular phrase during the political season leading up to the passage of the Affordable Care Act (ACA) in 2010. The phrase became so tied to healthcare reform that we are [...]