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Repealing ACA Isn’t That Easy

Repealing ACA Isn’t That Easy

A great article came out yesterday from one of our favorite publications here at the Omega Benefit Group. The Employee Benefit Adviser has been great at getting information to our industry and this article is a wealth of knowledge.  Take a look: Now that Donald Trump has taken office, in the weeks and months ahead we can expect to learn more details about his proposed healthcare policies and how he plans to begin the process of repealing...

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IRS Announces Benefit Limitations for 17

IRS Announces Benefit Limitations for 17

Today, the Internal Revenue Service announced in Revenue Procedure 2016-55 the annual inflation adjustments for more than 40 tax provisions for 2017, including the tax rate schedules, and other tax changes. This Revenue Procedure provides details about these annual adjustments. There are several benefit limitations for 2017 included: * The annual dollar limit on employee contributions to employer-sponsored healthcare flexible spending...

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The Skinny on Minimum Essential Coverage Plans: Are They Right For You?

The Skinny on Minimum Essential Coverage Plans: Are They Right For You?

Minimum Essential Coverage (MEC) plans or “skinny plans” may not be new, but they’re making news. In fact, 16 percent of large employers intend to offer one in 2015. These limited protection coverage plans have both pros and cons. How do you know if a MEC plan could be an option for you? Minimum Essential Coverage (MEC) plans or “skinny plans” may not be new, but they’re making news. MEC plans generally cover preventive and...

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What You Need To Know: 1095 Filing

What You Need To Know: 1095 Filing

Another confusing part of Healthcare Reform (PPACA) is the 1095 filing that is taking place this year. There aren’t many things to do from an employer’s perspective but there are a few points that can help calm the frantic HR or CFO and your employees on the new IRS tax forms required for health insurance.  The Affordable Care Act (ACA) requires that health insurance carriers and some employers to provide new health insurance...

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5 reasons United Healthcare wants out of PPACA

5 reasons United Healthcare wants out of PPACA

I came across this great industry article in my inbox this morning and just had to share. Alson Martin does a great job of reviewing the latest news that United Healthcare has started to put it out there they would be leaving the health insurance marketplace due to the shortfalls in earnings on the PPACA exchanges. Take a look at the article and come to your own conclusions: On November 19, 2015, UnitedHealth, in a conference call for...

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HealthCare.gov extends Jan. 1 coverage deadline 2 days

HealthCare.gov extends Jan. 1 coverage deadline 2 days

Managers of HealthCare.gov have responded to complaints about website glitches and outages, and overloaded call centers, by pushing the application deadline for coverage that starts Jan. 1 to 11:59 p.m. Pacific Time Friday. The current Patient Protection and Affordable Care Act (PPACA) open enrollment period started Nov. 15 and is set to end Jan. 31. The original deadline for Jan. 1 start coverage was supposed to be at midnight Pacific...

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