Posted on June 17, 2013
The IRS has revised Form 720 (Quarterly Federal Excise Tax Return) to include the reporting and payment of Patient-Centered Outcomes Research Institute (PCORI) fees. As background, the Affordable Care Act (ACA) imposes PCORI fees on certain health plans and self-insured health plan sponsors for plan years ending on or after October 1, 2012 and before October […]
Posted on May 15, 2013
(Print) Minimum Creditable Coverage (MCC), Minimum Essential Coverage (MEC), Essential Health Benefits (EHBs) MASSACHUSETTS HEALTHCARE REFORM FEDERAL HEALTHCARE REFORM Affordable Care Act (ACA) Term Minimum Creditable Coverage (MCC) Minimum Essential Coverage (MEC) Essential Health Benefits (EHBs) What Is It? State MCC is the minimum level of benefits that must be included in a person’s health […]
Posted on May 15, 2013
If you have a suggestion for something you think we should add to the ‘What will change’ column, let us know.
Posted on May 15, 2013
OVERVIEW: This is a temporary fee, beginning in 2014, to fund a reinsurance pool to help stabilize premiums in the individual health insurance market for those with pre-existing conditions. This annual fee is based on a cost per covered member in employer plans during calendar years 2014 through 2016. The 2014 rate is $63 per year ($5.25 per month) […]
Posted on May 8, 2013
Posted on May 2, 2013
PPACA added Employer Shared Responsibility provisions, also called the “Play or Pay” mandate, to the Internal Revenue Code. On January 2, 2013, the Internal Revenue Service (“IRS”) issued proposed rules to implement the mandate. Though the proposed rules are not finalized, the IRS has stated that employers may rely on the guidance for months after […]
Posted on May 1, 2013
FULLY FUNDED PLANS ONLY April 18, 2013 RE: Semi-Annual Notice of Changes Dear Employers and Brokers: As part of our commitment to provide affordable access to high quality health care, we continually review the benefits and services offered to our members. As a result, from time to time, we update the coverage we provide and […]
Posted on May 1, 2013
Posted on April 30, 2013
Federal healthcare reform has brought a large number of terms and acronyms – some new and some old – into regular use in the news and in discussions about health care and health insurance. Here are some of the more commonly used ones and an explanation of what they mean: ACA or PPACA – Patient Protection and Affordable […]
Posted on April 29, 2013
Countdown 2014: Overview of ACA Plan and Employer Impacts Commonwealth of Massachusetts and Federal Healthcare Reform Provisions HNE Healthy Directions Employer Wellness Program Healthy Directions Employer Wellness Program Brochure Federal and State Regulatory Impacts on Small Group Premiums Printouts Facts for Employers A Guide to Acronyms and Terminology in Health Care Reform “Play or […]