Preventive Care Services PPACA Update

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Muneris Insight - Health Insurance, Medicare, Employer Benefits

Preventive Care Services PPACA Update

Effective with all renewals on or after October 1, 2010, the Patient Protection and Affordable Care Act (PPACA) makes dramatic changes to preventive care. All approved services will be covered at 100% with no member responsibility. Specific interpretations will follow, for example, would an employee be subject to a copayment? What we do know is…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

State Continuation Coverage Update

The Virginia General Assembly approved House Bill 315, expanding the ability of a group to offer persons who become ineligible for coverage under a group health insurance policy to exercise the option to continue coverage under the group policy. Effective July 1, 2010, the measure extends the maximum length of the continuous coverage option from 90 days…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

PPACA Updates on Pre-Ex, Annual Limits, Patient Protections, and Preventive Care

We continue to share new information regarding PPACA. This week the Health and Human Services (HHS) released interim rules regarding the following: Pre-Existing Conditions – Beginning January 1st, 2011, as your health insurance contract renews, there will be no pre-existing condition limitations for children under the age of 19. Annual Limits – if your health…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

New Employer W‐2 Health Insurance Reporting Requirements

Health Care Reform continues to gain momentum with weekly interpretations from Washington. Attached please find a W-2 summary from the National Association of Health Underwriters (NAHU) which provides me with insight. For taxable years beginning after December 31, 2010, employers will be required to calculate and report the total cost of employer‐sponsored health insurance coverage…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

HHS Launches New Website for Government Health Care Options

In accordance with the PPACA July 1 deadline, the government must create an individual portal for employees and individuals to shop for future health care options. Please remember that by 2014 all employees will be able to compare their individual options through the government with your employer sponsored plan. This new website, www.HealthCare.gov, was launched…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

COBRA Subsidy Not Extended; Currently Expired as of May 31

COBRA Subsidy Not Extended; Currently Expired as of May 31: Until 3 weeks ago, it was assumed by the industry that the COBRA subsidy was here to stay, at least through the end of 2010.  However, as of today it has not been extended by Congress and is expired for all involuntary terminations after May…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

Medicare Part D Changes

Health Care Reform continues to generate good and bad news for consumers. The good news: in 2013 there is a provision for a Federal subsidy of 25% on brand name drugs. However, this subsidy is tempered by the continued increase in drug costs. In 2011, brand name drugs will be discounted 50% when reaching the…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

Small Employer Tax Credits

Many of you are starting to receive information regarding the small business tax credit for health insurance benefits. Those employers with less than 25 full time equivalent employees whose annual wage is less than $50,000 may receive a tax credit equal to a percentage of employer contributions that must be at least 50% of the premium…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

Continuation of Health Care Coverage for Young Adults

Insurance carriers are reacting to the first phase of Health Care Reform: Change in dependent age requirements. Effective June 1st, 2010 many insurance carriers will continue coverage for young adults under age 26 who are currently covered under their parent’s policy. This change will be made for all fully insured groups. In general, a dependent…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

The Need for Disability Insurance

Are you prepared for a disability? 5 questions every worker should ask. Illness and accidents are on the rise in America, causing more workers to miss work and lose income. At some time during their working career, three out of every 10 workers will suffer a disability and be unable to work for a significant…

Muneris Insight - Health Insurance, Medicare, Employer Benefits

New Naw Modifies COBRA Subsidy Rules

Legal Alert: New law modifies COBRA subsidy rules By John Hickman, Esq. and Ashley Gillihan, Esq. March 12, 2010 On March 2, 2010, President Obama signed into law the Temporary Extension Act of 2010 (the “Act”). The Act contains several modifications to the COBRA subsidy rules originally included in the American Recovery and Reinvestment Act…