by Steven | Feb 1, 2013 | News
A health insurance exchange is basically a virtual health insurance marketplace that is intended to create a more organized and competitive market for buying health insurance. Under the Patient Protection and Affordable Care Act (PPACA), states are encouraged, but not...
by Steven | Feb 1, 2013 | News
Under the federal Patient Protection and Affordable Care Act (PPACA), the deadline for states committed to setting up a State-Based Exchange for submission of an “exchange blueprint” to the federal government was December 14, 2012. The deadline for states planning to...
by Steven | Jan 7, 2013 | News
Effective January 1, 2013, employee pre-tax contributions to Health Flexible Spending Accounts (FSAs) will be limited to $2,500 per calendar year. For subsequent years, this amount will be indexed to the Consumer Price Index (CPI). Employers with non-calendar year...
by Steven | Sep 13, 2012 | News
The Centers for Medicare & Medicaid Services (CMS) issued guidance for health care plans seeking to renew waivers on annual benefits. For plan years starting between September 23, 2010 and September 22, 2011, plans could not limit annual coverage of essential...
by Steven | Sep 13, 2012 | News
Starting September 23, 2012, insurance companies must provide a Summary of Benefits Coverage (SBC) form to individual policy holders and to their insured employer plans. Employer plans (self-funded and insured) must provide a SBC for open enrollment periods on or...
