On March 5, 2014, the Internal Revenue Service (IRS) released final regulations on the reporting requirements under the Affordable Care Act (ACA), which are designed to enforce the individual and employer mandates. Beginning 2016, for the prior calendar year,...
Late last week Kentucky Governor Beshear announced that insurance companies will have the option to extend pre-Affordable Care Act plans to small employers and individuals who have pre-ACA plans in force already, for another year. This announcement was made at the...
Consumer Reports published an article dated January 27, 2014, where the question was posed, “If I enroll in the new expanded Medicaid program, when I die and try to leave something to my kids, can the government attach those assets to repay the benefits I...
The ACA requires that deductibles on small employer health plans not exceed $2000 single and $4000 family. Many employers who offer HDHPs had been concerned about being required to lower their deductible upon renewal in 2014, thus causing higher premium. ...
April 1, 2014 the office of Kentucky’s Governor Steve Beshear announced that 8.6 percent of the state’s population now has health insurance through kynect. Included in the announcement are the below statistics reflecting activity on kynect as of...
Last summer President Obama delayed the penalty provisions for employers with 50 or more full time equivalent employees until 2015, and in early February of 2014 the administration provided further relief for employers, postponing some penalties for some employers yet...
