Departing from the ACA in Idaho by Rick Murray

February 20th, 2018

Keep an eye on Idaho, a hot potato is about to be served!  Blue Cross of Idaho has submitted five plans (their Freedom Blue plans) that they plan on selling in Idaho, that would NOT comply with Obamacare.  What will HHS do?  What will the Trump administration do?  What are all the other ripple effects with ACA fines and filings?  No one knows yet, here’s what we do know;

With Freedom Blue Plans there could be a potential increase in premiums of up to 50% based on the applicant’s family medical history
Freedom Blue Plans will have a $1,000,000 annual benefit limit
With these new plans you could be denied for pre-existing conditions (unless continuous coverage was maintained)
Premiums for these plans are 25% - 50% lower than Obamacare plans
Blue Cross of Idaho will still continue to offer their suite of Obamacare compliant plans separately

We will keep you posted as this unfolds, our thoughts; Obamacare is still the law of the land – until we receive different guidance from HHS or the Trump Administration we recommend that all employers (but ALEs in particular) develop a strategy and implement policies that are compliant with The ACA as written currently.

With IRS Filing Deadlines Less Than 30 Days Away, First Capitol Consulting Asks, “Are You Ready?”

February 13th, 2018

With IRS Filing Deadlines Less Than 30 Days Away, First Capitol Consulting Asks, “Are You Ready?”

Information on Meeting ACA Filing Requirements for the 2017 Tax Year Without Triggering Employer Shared Responsibility Payments LOS ANGELES, CA — February 8, 2018 — The first deadlines for filing Affordable Care Act (ACA) information returns for the 2017 tax year are less than 30 days away.

ACA UPDATE: Cadillac Tax Delayed Until 2022

January 29th, 2018

ACA UPDATE: Cadillac Tax Delayed Until 2022

Employee Benefits, Health Care Reform

Implementation of Cadillac Tax Delayed Two Years
On January 22, 2018, Congress passed a new continuing resolution to fund the operations of the federal government.

Tax Act Alters Executive Pay, Affects Bonus Deductions and Withholding Employers should consider convening their compensation committees—possibly during this holiday season

December 22nd, 2017

The passage of the Tax Cuts and Jobs Act, which limits the tax deductions that businesses can claim for certain employee benefits, is likely to cause some employers to revisit their executive compensation programs.

https://www.shrm.org/ResourcesAndTools/hr-topics/compensation/Pages/tax-bill-alters-executive-pay-and-bonus-decisions.

What Individual Mandate Repeal Means for Employers The individual and employer mandates are intertwined, so eliminating one could start to unwind the other

December 22nd, 2017

The Tax Cuts and Jobs Act, passed by Congress on Dec. 20, effectively repeals the Affordable Care Act's (ACA's) requirement that most Americans obtain ACA-compliant health coverage, effective in 2019.

https://www.shrm.org/ResourcesAndTools/hr-topics/benefits/Pages/individual-mandate-repeal-affects-employers.

Have A Client That Missed the Filing Date For Form 5500?

December 18th, 2017

Find the late filing form below...

late-sub of Form 5500

Late Submission of Form 5500 Annual Report

ERISA Requirement

Title I of Employee Retirement Income Security Act of 1974 (ERISA) requires

pension and welfare benefit plans to file an Annual Report

with the Department of Labor (DOL)

Factors Associated With Increases in US Health Care Spending, 1996-2013

November 27th, 2017

Factors Associated With Increases in US Health Care Spending, 1996-2013 Health Care Economics, Insurance, Payment JAMA The JAMA Network

(LINK above to full study)

Importance --- Health care spending in the United States increased substantially from 1995 to 2015 and comprised 17.8% of the economy in 2015. Un- derstanding the relationship between known fac- tors and spending increases over time could inform policy efforts to contain future spending growth.

Growth in healthcare prices slows to near-historic low

November 10th, 2017

By Maria Castellucci  | November 9, 2017

Healthcare prices rose just 1.1% year-over-year through September, representing the lowest price growth rate in roughly two years, according to a new report from Altarum.

That growth rate was just slightly higher than the all-time low growth rate of 0.9% in December 2015. The figure has fluctuated between 1.2% and 2.3% over the past year.

NAHU “Operation Shout”

October 24th, 2017

Take Action

NAHU is excited to announce that earlier this month Senators Mark Warner (D-VA) and Rob Portman (R-OH) introduced S. 1908, and Representatives Diane Black (R-TN) and Mike Thompson (D-CA) introduced H.R. 3919. These bipartisan bills will provide much-needed relief for employers seeking to comply with the reporting requirements under Sections 6055 and 6056 for enforcement of the ACA's individual and employer mandates.