Garrett Fenton, an employee benefits specialist with D.C.-based legal firm Miller & Chevalier, says that the time is right for employers to double down and get their paperwork processed in anticipation of 2015s employer mandate for the Affordable Care Act.
Earlier this week, the Supreme Court ruled that, as applied to closely held corporations, Obamacares contraception mandate requiring employers to provide workers with no-cost access to contraception violates the Religious Freedom Restoration Act. Reaction to the case, Burwell v. Hobby Lobby Stores, Inc., was swift, although most legal experts believe it is not likely to have broad implications for the majority of employer-sponsored health care plans.
A new HHS report finds most inconsistencies on the federally run state exchanges went unresolved due to inoperative systems.
The IRS has issued final regulations clarifying tax credits for small employers offering coverage to their employees through the SHOP exchange.
The U.S. Department of Health and Human Services Thursday announcement that consumers already enrolled in marketplace plans in 2014 can auto-enroll for 2015 is largely positive for brokers, though the decision is symbolically unsettling to some.
Although some employers are considering and even implementing a private exchange option for their employees, many remain skeptical of the immaturity of the marketplace and employee readiness.
In a final rule published today, the U.S. Departments of Labor, Treasury and Health and Human Services say employers can require employee orientation periods to become eligible for health benefits, but say they cannot last longer than one month.
As the Affordable Care Act continues to necessitate the evolution of the benefit advisers role with individual and employer clients, knowing about the tax ramifications of the health law is a must.
Early health plan rate filings for 2015 signal premium rate hikes that could force individuals to consider switching plans. Confused consumers will be looking for help from benefit brokers and agents well-versed in plan options.
How the ACA has drawn attention to vision care coverage and prompted employers to ask advisers about this voluntary benefit.
Advisers working with employer clients on ACA compliance should pay close attention to the DOLs recent updates on out-of-pocket limits and preventive service requirements.
The state of Massachusetts officially repealed the employer pay-or-play regulations that were part of its landmark 2006 health care reform law.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.
Employee benefit advisers and employers will have to wait longer than anticipated for the DOLs expanded definition of fiduciary, as the agency has delayed the issuance of its proposal until January 2015.
Benefit brokers should be prepared to communicate ACA updates and answer questions both in-person and via new technology to reach employees.
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.