health care reform

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November 1st Kicks Off Open Enrollment for Health Marketplaces

By |2015-10-22T14:26:38+00:00October 22nd, 2015|Categories: Personal Planning, Uncategorized|Tags: , , |

Beginning November 1, 2015, individuals (including their families) may apply for new health insurance or switch to a different health-care plan through a Health Insurance Marketplace. The open enrollment period ends January 31, 2016. Individuals can use Health Insurance Marketplaces to compare health plans for benefits and price, and select a plan that fits their needs. [...]

U.S. Census Bureau Issues Report on Health Insurance Coverage in 2013

By |2017-05-09T22:13:14+00:00October 1st, 2014|Categories: Personal Planning, Uncategorized|Tags: , , , |

According to the latest Census Bureau report, the estimated U.S. population for the 2013 survey was 313.4 million compared to 311.1 million in 2012, yet the total percentage of uninsured dropped from 15.4% in 2012 to 13.4% in 2013.   The U.S. Census Bureau recently released its report, Health Insurance Coverage in the United States: 2013. [...]

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Can You Keep Your Current Insurance Plan?

By |2013-11-26T16:15:31+00:00November 26th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , |

Insurance Cancellations and The President's Response Over the past several months, many people have received cancellation notices from their health insurance carriers, often accompanied by the explanation that their current insurance plan doesn't meet the minimum requirements of the Affordable Care Act (ACA) scheduled to take effect January 1, 2014. In many instances, insurers are offering [...]

The U.S. Government Shutdown Explained

By |2013-10-01T19:26:03+00:00October 1st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , |

Congress failed to agree on a spending bill for the fiscal year starting October 1, 2013, resulting in the first government shutdown since 1995. According to the Congressional Research Service, this is the 18th time the federal government has shut down as a result of a failure to agree on an annual appropriations bill. Most shutdowns [...]

Health Care Reform — Insurance Exchanges

By |2013-09-24T19:20:47+00:00September 24th, 2013|Categories: Business Wise, Personal Planning, Uncategorized|Tags: , , , , , , |

Starting in 2014, the Patient Protection and Affordable Care Act (ACA) requires the establishment of state-based American Health Benefit Exchanges for individuals and Small Business Health Options Program (SHOP) Exchanges for small employers. The general purpose of these Exchanges is to provide a single resource in each state for consumers and small businesses to compare health [...]

Affordable Care Act Notification Penalty as of October 1, 2013

By |2013-09-10T16:24:06+00:00September 10th, 2013|Categories: Business Wise, Uncategorized|Tags: , , , , |

Beginning October 1, 2013 any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face a fine up to $100 per day. This requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size.  Going forward, [...]

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White House Delays Employer Health Insurance Mandate

By |2013-07-12T15:51:49+00:00July 12th, 2013|Categories: Business Wise, Uncategorized|Tags: , , , , , , , |

The White House announced on July 2, 2013, that it would delay implementation of the Affordable Care Act's reporting requirements applicable to large and mid-sized employers and health insurers for one year. As a result, the health insurance mandate applicable to these same employers will not be enforced until 2015. The announcement appeared in separate blog [...]

Health Care Reform: Looking Back & Ahead

By |2013-04-18T13:15:37+00:00April 18th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , |

Three years ago, on March 23, 2010, President Obama signed the Affordable Care Act (ACA) into law. While several substantial provisions don't take effect until 2014, many of the Act's requirements already have been implemented, including: Insurance policies must allow young adults up to age 26 to remain covered on their parent's health insurance. Insurers cannot [...]