Obamacare | Bestefits

“I’ve had to reduce my waiting period because of Health Care Reform. So, what’s the story with this new 30 day Orientation Period that I can add to the waiting period and when can that start?”

Compliance Employee Benefits Healthcare Reform

“On June 20, 2014, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury released new final regulations on application of the 30-day orientation period under the 90-day waiting period limit, [60 days in California]. The proposed regulations had provided that one month be the maximum allowed length of of any reasonable…

July 18, 2014

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Businesses are re-evaluating spousal coverage

Compliance Employee Benefits Healthcare Reform In the News Large Employers Small Employers

As employers continue to look for ways to control the cost of group medical insurance, the topic of spousal coverage is coming up more frequently. Each company views the issue differently and will implement different strategies. Some strategies include: eliminating spousal coverage offering spousal coverage but requiring spouses with access to medical insurance through their…

July 18, 2014

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Large employers, please read about the 27 reporting requirements of PPACA

Compliance Employee Benefits Healthcare Reform Large Employers

This is information you will need to know for reporting as a large employer under PPACA, also known as Obamacare, ACA and the Patient Protection and Affordable Care Act.

27 PPACA Reporting Obligations

July 18, 2014

VERY IMPORTANT NEWS FOR SMALL EMPLOYERS!

Employee Benefits Healthcare Reform In the News Small Employers

Small employers with group medical renewals later this 2014 year, mostly Q4, will have the option to keep their current plan for another 12 month period. Prior to the recent passage of SB 1446, the ‘grandmothering’ bill signed by Governor Jerry Brown, small employers renewing in 2014 were required to change to new ACA compliant…

July 18, 2014

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Large Employer Reporting Requirements

Compliance Healthcare Reform Large Employers

The IRS released final regulations governing information reporting under Sections 6055 and 6056 for health plan coverage. This information will be used to determine if an applicable large employer owes Employer Mandate penalties if a full-time employee receives subsidized coverage through an exchange. These reporting requirements apply for calendar years after December 31, 2014 and…

June 20, 2014

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Waiting period requirements for employer-sponsored group medical insurance have been eased, slightly.

Compliance Employee Benefits Healthcare Reform Large Employers Small Employers

Many employers made changes to their group medical insurance waiting period to conform to Patient Protection and Affordable Care Act (PPACA) requirements. The Federal requirement is that the group medical insurance waiting period not exceed 90 days with coverage to be effective on the 91st day. A ‘first of the month following 90 days’ strategy…

June 20, 2014

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The IRS been very clear on several occassions that employers are not allowed to use this strategy. Yet, employers continue to attempt it and some brokers and companies are still selling it!

Employee Benefits Healthcare Reform Individual Insurance Large Employers Small Employers

Some large and small employers have considered sending full-time employees to the exchanges for individual coverage rather than offering group medical insurance. Companies such as Zane Benefits and some brokers are telling companies that they may do this and still take advantage of pre-tax medical insurance premium treatment by reimbursing employees’ individual medical insurance premiums…

June 20, 2014

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Responding to Health Care Reform can be easier!

June 16, 2014 By Nadine Nelson

Bestefits creates a document to guide employers through the complexity of the Patient Protection and Affordable Care Act, also known as Health Care Reform, Obamacare, PPACA and ACA, in plain English and in steps you can understand. Legalease is not a language everyone speaks and it isn’t necessary in order to keep your business out…

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Employers and Health Reform 2014. What’s Here. What’s Coming. (Webcast)

May 20, 2014 By Nadine Nelson Leave a comment

SeeChange held a terrific webcast update on Health Care Reform and implications for all employers. These webcasts help us to stay up-to-date on the implication of Health Care Reform, also known as PPACA, ACA and Obamacare for our clients. SeeChange is an innovative medical insurance carrier that provides a great network and financial incentives to…

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