Overview When Madison Maroney (name changed for privacy) moved from Boston to Wisconsin, there was one thing the 40-year-old east-coaster couldn’t leave behind: Her weekly therapy sessions. So now, two years later, in her Midwestern home, she pops open her laptop every week, logs on, and via live-streaming video, talks through her highs and lows … Continued
According to the 2015 UBA Health Plan Survey, fewer employers are offering bonuses to waive coverage, but for those that do, the bonus amount is on the rise. Only 2.9% of employers offered a bonus to employees to waive medical coverage in 2015, a 17.1% decrease from 3.5% two years ago. The average annual single … Continued
With the drive of healthcare reform to make sure the U.S. population is insured and address the shortage of primary care physicians increasing as high as 31,000, where will people receive their primary care, and at what cost? What if there were a more efficient and cost effective way to deliver care to populations that lack access or don’t have the ability to easily access care.
By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors The Providing Affordable Coverage for Employees (PACE) Act amended the Patient Protection and Affordable Care Act (ACA) and redefined small employers as those with 50 or fewer employees; it also gives states the option to expand the definition to include employers with up to 100 … Continued
On October 21, 2015, the Internal Revenue Service (IRS) announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change in 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. The … Continued
It sure is hot this summer. How hot is it? It’s so hot that… well, let’s just say that it’s so hot people need to remember to stay hydrated. And that’s not just for people who exercise!
By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Answer: Under PPACA, coverage is considered affordable if it costs less than 9.5 percent of an employee’s household income. Because employers are often unaware of an employee’s household income, there are three safe harbors that an employer can use to determine affordability. One is the … Continued
By Elizabeth Kay, Compliance & Retention Analyst AEIS Advisors A UBA Partner Firm Self-funding is a very hot topic these days for a number of reasons. For small group employers offering a self-funded plan this means they can charge a composite premium rate based on the employee population versus the community rates that are based … Continued
By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Under federal regulations, Medicare is a secondary payer for many individuals who have an employer group health plan available to them, either as an employee or the dependent spouse or child of the employee. Generally the Medicare Secondary Payer rules prohibit employers with more than … Continued
By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Health plan sponsors would be permitted to offer wraparound coverage to employees purchasing individual health insurance in the private market, including the Marketplace, in limited circumstances, under a new Final Rule issued by the Department of Labor (DOL) and other federal agencies. The Final Rule, … Continued
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