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HHS issues final rule closing ACA minimum value health plan loophole

HHS issues final rule closing ACA minimum value health plan loophole

This is a great article that all small businesses need to read. HHS issues final rule closing ACA minimum value health plan loophole | Employee Benefit News  The Department of Health and Human Services says once and for all it will not qualify employer-sponsored health plans that fail to cover inpatient hospitalization as meeting the minimum value health plan standard under the Affordable Care Act. In a final rule published today in the...

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Blue Cross of Georgia Splits with Northeast Georgia Medical Center

Blue Cross of Georgia Splits with Northeast Georgia Medical Center

For the first time in years of this agency working in the state of Georgia have we heard news like this.  Our agency team has just been made aware of important information regarding the contract negotiations between Blue Cross and Blue Shield of Georgia (BCBSGA) and Northeast Georgia Medical Center (NGMC), Northeast Georgia Physicians Group (NGPG and The Heart Center of Northeast Georgia medical Center (The Heart Center). The groups most...

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HSA limits adjusted for 2015

HSA limits adjusted for 2015

IRS recently released the Revenue Procedure 2014-30, which provides the 2015 cost-of-living contribution and coverage adjustments for Health Savings Accounts.  The annual contribution limits, the annual out-of-pocket limits and the annual deductible limits have all been increased for 2015.  This is great news for employers running H.S.A programs!   Annual HSA Contribution Amounts                2014   2015      Coverage Levels      ...

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News Update: Aetna to Acquire Coventry Healthcare

News Update: Aetna to Acquire Coventry Healthcare

On Monday, August 20, Aetna announced it has entered into a definitive agreement to acquire Coventry Health Care, Inc. As you know, Coventry is a diversified managed health care company that offers a full portfolio of risk and fee-based products, including Medicare Advantage and Medicare Part D programs, Medicaid managed care plans, group and individual health insurance, coverage for specialty services such as workers’ compensation, and...

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The Latest on Healthcare Reform

The Latest on Healthcare Reform

Waiting for the Supremes Odds are the Supreme Court will rule on the health reform law next week. It could be this week, or the Court could even decide to extend its current term – which is scheduled to end on June 30 – into early July and issue a decision then. But conventional wisdom has always been that the health reform decision will be handed down at the very end of this Court term, probably on June 25 or 28. Of course, nobody outside...

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News from the IRS on 2013 FSA Max’s

News from the IRS on 2013 FSA Max’s

IRS has announced that it will enforce the $2,500 health FSA annual maximum – established under the health care reform law and set to begin in 2013 – as a “plan year” maximum rather than a calendar year maximum. This is terrific news for employers offering health FSAs on an “off-year” basis (i.e., anything other than a standard 1/1 – 12/31 calendar year), because it means that the maximum will not...

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