Bestefits was asked to present to CSUN insurance student class on the Patient Protection and Affordable Care Act (PPACA) also known as Health Care Reform.
DetailsThank you all for being valued clients of Bestefits. We have enjoyed helping you through your personal coverage decisions based on your health conditions, financial considerations and support needs. Some of you were eligible for significant subsidies to help pay the cost of medical insurance premiums. Getting through the technical and service difficulties of our…
DetailsCertain conditions will exempt some individuals and families from the requirement to purchase medical insurance or face a tax penalty for non-coverage. “Those who are exempt include unauthorized immigrants, people with income low enough that they are not required to file a tax return; people below 138 percent of the federal poverty guidelines; people who…
DetailsWebcast: Getting Ready for the 2015 Open Enrollment Period
DetailsPrivate exchanges have been around for some time but they haven’t had the buzz that they do now with Health Care Reform. Although, they are now a regular part of benefit conversations and more exchanges are emerging, fairly few employers have moved to them so far. It is hard to determine how that will change…
DetailsIndividuals are eligible to enroll in individual medical insurance outside of the annual Open Enrollment period if they experience a qualifying event. Loss of your company’s group medical insurance upon termination would be considered such a qualifying event and the former employee could enroll in individual coverage within 60 days. In some cases, the former…
DetailsThe Affordable Care Act requires health insurance carriers to submit information regarding the proportion of premium spent on clinical services and quality improvement, also known as the Medical Loss Ratio (MLR). It also requires them to issue rebates to enrollees if they do not spend at least 80% or 85% of premium dollars on medical…
DetailsWHO: Employers with 50 of more FTE’s (remember, that means full-time equivalents, NOT number of full-time employees) WHAT: File forms 1094-C and 1095-C. The IRS created draft forms so you may review the information you will be required to provide 1095-C, 1094-C, draft instructions. WHEN: “There is no filing requirement for 2014; employers may file…
DetailsKaiser conference to hear about changes in health care reform and new technology. Meeting Highlights 2015 ACA Update How to Stay ERISA Compliant and avoid penalties Technology and your business Small Group Rating, Enrollment and Rates Individual and Family Plan Updates Large Group Coverage and Requirements
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