Keeping Your Plan Until 2017

On Wednesday, March 5th, the Obama Administration announced a 2 year extension to the policy that if your individual or small group plan was due to be cancelled in 2014 as a result of the essential health benefit benchmarks and other market reform requirements imposed by PPACA, you would be able to keep it, as […]

Updated Enrollment Numbers

I read in some online publications today that President Obama’s administration finally released some enrollment numbers of citizens enrolling in medical insurance plans for January 2014. I have my own questions about these numbers. Some of this information is taken from articles across the Web, but most of it is from Ezra Klein’s blog, which […]

Understanding ObamaCare

Here is some information to help you navigate Obamacare. 1 – Does your current health insurance plan need to change? If you have a grandfathered plan your going to be able to keep your plan (as long as the health insurance company you have your grandfathered plan with allows you to do so). If you […]

Kentucky Health Benefit Exchange

We are a week away from the Kentucky Health Benefit Exchange.  I’m in the process of completing the training in order to sell in the exchange.  Hopefully rates will be available soon. kynect.ky.gov    

PPACA Rollout

On Friday President Obama held an event to tout the benefits of ACA, specifically to a large group of women.   The New York Times is also reporting that the administration confirmed that Kathleen Sebelius, the head of the health and human services, has been trying to raise money from the private sector to promote […]

Kentucky Expands Medicaid

Yesterday Governor Steve Beshear announced Kentucky’s decision to expand Medicaid.  A link to the article in the Courier-Journal is below: http://www.courier-journal.com/article/20130509/PRIME07/305090046 Figures from the 2012 U.S. Census Bureau tells us that 308,000 Kentuckians will now be eligible for this coverage.  The next step is for these newly eligible citizens is to enroll.  The National Association […]

The Cost of Health Care

On the front page of the Louisville Courier-Journal this morning (and the first story I heard this morning on CNN), the headline reads “The Cost of Health Care”.  Apparently hospitals try to make money, who knew? In all seriousness, this is something that we’ve been talking to our clients about since 2003.  This is a […]

Key Provisions of the Affordable Care Act

Below is a link to the U.S. Small Business  Administration Home Page.  The SBA does a good job of breaking down some of the key components of PPACA and how they apply based on the size of your business. Let me know if you have any specific questions.   http://www.sba.gov/healthcare

Flow Chart for Employers

Below is a flow chart for all sized employers.  The flow chart is an easy configuration to determine whether or not your employer will pay a penalty if they don’t offer affordable coverage. Remember, your employer doesn’t have to offer coverage, the employer can still decide that it’s in their best interests to pay the […]

W-2 Reporting Requirements

Starting with the 2012 Tax Year, businesses that file more than 250 W-2’s will be required to disclose the cost of the employee’s medical insurance.  All size businesses will start doing this with the 2013 tax year. Please consult your Accountant about what other benefits may also be required to be reported. This guide was […]