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Insurers Plan To Significantly Raise Premiums For ACA Plans

The AP (4/28, Alonso-Zaldivar, Murphy) reports that health insurers are expected to significantly increase premiums for Affordable Care Act plans. Insurance companies say they have suffered massive losses on their ACA plans, “and they’re setting the stage for 2017 hikes that in some cases could …

April 28, 2016

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Employees Need to Beware Subsidy Farsightedness

Head over to the Compliance Cornered blog to check out our latest post: “Employees Need to Beware Subsidy Farsightedness.” People who are farsighted see things that are far away more clearly than they see something close to them. So it is with employees who have their eyes focused on the Afforda…

March 14, 2016

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Insurers Having Difficulties Profiting From ACA Exchanges

The AP  (2/26, Murphy) reported that many insurers are losing money in the health insurance exchanges created by the Affordable Care Act, threatening its future. UnitedHealth Group Inc. “may not participate in 2017” and Aetna “has questioned the viability of the exchanges.” That said, “en…

March 2, 2016

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Administration Won’t Offer Special Enrollment Period This Tax Season

The Wall Street Journal  (12/8, A2, Radnofsky, Subscription Publication) reports that Federal officials said Monday that uninsured people who do not get coverage by the end of the ACA’s enrollment period on Jan. 31 will not be given an extension to avoid the penalty for not having coverage. In a …

December 8, 2015

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Lawmakers Make Late Push To Repeal “Cadillac Tax.”

(12/2, Sullivan) reported on a “late push” by lawmakers to “repeal or scale back” the ACA’s “‘Cadillac Tax’ by the end of the year,” noting that they are “eyeing inclusion of changes in a broader tax package.” However, according to lawmakers fro both sides of the aisle, it is n…

December 2, 2015

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Fewer PPOs Offered On Exchanges Next Year

Kaiser Health News  (11/26) reported that consumers seeking to enroll in preferred provider organization (PPO) plans “are finding far fewer of those plans offered on the insurance marketplaces next year,” and “the premiums are rising faster than for other types of coverage.” A Kaiser analys…

November 30, 2015

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Top Democrats Considering Changes To ACA’s “Cadillac Tax.”

Reuters  (11/11, Cornwell) reports that Sen. Dick Durbin (D-IL) said Tuesday that Democratic lawmakers are considering proposing changes to the ACA’s “Cadillac tax” on high-cost health plans. “I’m not proposing eliminating it at this point, I’m open to suggestions for changing it,” he…

November 12, 2015

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Meritus Health Placed Under Supervision

Two Arizona health insurance companies have been placed under supervision by the Arizona Director of Insurance, Andy Tobin. Director Tobin filed an Order for Supervision on October 30, 2015, to place Meritus Health Partners and Meritus Mutual Health Partners into supervision. Meritus declined to con…

November 2, 2015

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2015 Reinsurance Fee Action Required in November

The 2015 Reinsurance Fee deadline is quickly approaching. Employers sponsoring self-funded group health plans are required to submit their average covered lives data and schedule their Reinsurance Fee payments no later than .November 16, 2015 Reinsurance Fee Refresher The Reinsurance Fee is an annua…

October 20, 2015

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Tennessee’s Health Co-Op To Close

The Washington Post  (10/15) reports in brief coverage that Tennessee’s “Obamacare health insurance co-op announced Wednesday that it would close at the end of 2015, becoming the sixth of 23 such plans to collapse in the past year.” The nonprofit insurer, known as Community Health Alliance, s…

October 16, 2015

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Congress Approves Change To ACA’s Small Business Rules

The AP (10/2) reports that Congress yesterday approved “legislation aimed at preventing premium increases that some smaller businesses were expecting next year under President Barack Obama’s health care law.” Currently, the ACA defines small businesses as having up to 50 workers. That number i…

October 2, 2015

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