The state of Massachusetts officially repealed the employer pay-or-play regulations that were part of its landmark 2006 health care reform law. Similar to the employer mandate in the Affordable Care Act, the state statute required employers of a certain size to either offer health care coverage to their employees or pay a fine.
Estimated enrollment is three times the number consultancy predicted last year.
CMS has granted 18 states a delay in enacting employee choice on the SHOP exchange, which some advisers feel is the only incentive for employers to enroll on the exchange at all.
Benefit brokers should be prepared to communicate ACA updates and answer questions both in-person and via new technology to reach employees.
Potentially a result of complaints from consumers and increased competition on the ACA exchanges, benefit brokers may be pleased to find more options on the 2015 plans.
With some state-run exchanges struggling, brokers and agents contemplate whether a national Healthcare.gov is possible and whether that would be a good or a bad thing for the insurance community.
Benefit brokers should be turning their sights to the capabilities of health care data to improve employer clients employees health. There are doctors asking for even more potential from computer algorithms to interpret such data and could provide a glimpse into the future.
Despite all the technical glitches with Healthcare.gov and state-run exchanges during open enrollment, a large majority of Americans researching health plan options relied on websites for information, but supplemented their research with other outlets for answers, including brokers and advisers.
Commentary: One of Americas most enduring mysteries is why the organizations that pay for most health care dont work together to force better value from the health care industry.
This figure is about one-third less than previously estimated, after the Obama administration created exemptions from the fine.
Millions of ACA application inconsistencies come as no surprise to benefit advisers and could trigger an influx of business to brokers from confused 2015 ACA enrollees.
Advisers looking to protect themselves and their clients from professional negligence or malpractice suits need to enter into an engagement letter, according to an ERISA attorney.
Sylvia Mathews Burwell was confirmed Thursday by the U.S. Senate as the secretary of the Department of Health and Human Services, replacing Kathleen Sebelius and signaling a new stage for Obamacare.
Commentary: Blogger Rob Lieblein offers insight as to why private exchanges really are the future of benefits and where benefit brokers and advisers should be in the process of hopping on the exchange train.
Industry experts say that while unlikely, the historically stable product line may have the potential for price changes as its sales continue to rise.