A batch of employers won’t face a fine next year if they fail to provide health insurance to their workers, the Obama administration said Monday. In regulations outlining the Affordable Care Act, the Treasury Department said employers with between 50 and 99 full-time workers won’t have to comply with the law’s requirement to provide insurance […]
The phrase “sticker shock” has made headlines in stories about individual Obamacare enrollees, but premium prices for health insurance plans sold on Obamacare exchanges nationally are actually about the same—and in some cases cheaper—than premiums for comparable employer-offered plans, a new analysis reveals. If that trend holds in coming years, employers may strongly consider moving […]
Benefitter welcomes PwC research showing Affordable Care Act plans cheaper than employer-sponsored ones. Benefitter offers free insurance transition analysis to U.S. employers. Savings can approach 50% for the average employer who transitions from traditional group health insurance to the state marketplaces San Francisco, CA (PRWEB) January 31, 2014 U.S. employers took note Thursday as PwC […]
(read original article: HERE) The Affordable Care Act also known as “Obamacare” requires large companies to offer coverage to employees working 30 hours a week or more or pay a penalty. Many employers have been preparing for the higher costs. “In fact, by offering them insurance, we could actually disqualify many of them from being […]
We’ve all seen the inauspicious first day of the state and federal Health Insurance Marketplaces. Colossal opening-day failures make catchy headlines: USA Today: Traffic surges, glitches mark exchanges [1] NBC News: Obamacare is here and so are the glitches [2] However, things will get better over the coming weeks. The Marketplaces are massive technical and […]
“Healthcare reform is confusing for brokers, employers and employees with over half of each group consistently feeling overwhelmed and under-informed,” says Brian Poger, CEO of Benefitter. “Given the tens of thousands of pages of regulations, it’s no surprise, but our research suggests the issues can be narrowed down to a few critical questions.” To prepare […]
Last week Wegmans, one of the largest private companies in the US, announced that it will cut health benefits for part time workers beginning January 2015. The Northeastern grocery store chain, long recognized for its generous employee benefits offerings, has traditionally offered health benefits to its part time employees who work between 20 and 30 hours per […]
Businesses won’t be penalized next year if they don’t provide workers health insurance after the Obama administration decided to delay a key requirement under its health-care law, two administration officials said. The decision will come in regulatory guidance to be issued later this week. It addresses vehement complaints from employer groups about the administrative burden […]
By: Mark J. Mazur – 7/2/2013 Over the past several months, the Administration has been engaging in a dialogue with businesses – many of which already provide health coverage for their workers – about the new employer and insurer reporting requirements under the Affordable Care Act (ACA). We have heard concerns about the complexity of the requirements […]
Depending on who you listen to, when California announced its 2014 individual health insurance rates for its state-sponsored marketplace, Covered California, it was either a “pretty good deal,” with “no sticker shock” that proved that the healthcare reform naysayers were crying wolf, or “Rate Shock” from a “blizzard of regulations and mandates [that] drives up […]