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An example of the tax implications for employer healthcare coverage
 
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Learn more at PwC.com - http://pwc.to/126GPDW PwC's Health Research Institute developed an illustrative example on how federal tax incentives for employer sponsored health coverage impact businesses and their workers.
Views: 7941 PwC US
Obama to Adjust 'Cadillac Tax' on Health Insurance
 
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WASHINGTON President Barack Obama will propose tailoring the controversial "Cadillac tax" on expensive private health insurance plans to reflect regional differences when he releases his 2017 budget plan next week, a senior White House adviser said in an article released on Wednesday. Obama's proposal would reduce the bite of the unpopular tax by raising the threshold where it takes effect in areas where healthcare is particularly expensive, according to the article in the New England Journal of Medicine co-written by Jason Furman, chairman of the White House Council of Economic Advisers. ( bit.ly/1QdGlDG ) The tax on high-cost employer-based healthcare plans, passed as part of the president's 2010 Affordable Care Act and set to take effect in 2018, has generated growing opposition in part because labor unions say it could encourage employers to cut back on health insurance plans for workers. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/7B3oOGJ0R-o/story01.htm http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com
Views: 76 Wochit Politics
Chet Marko State of Health Insurance for 2018
 
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What is going on with Health Insurance for 2018. A explanation of the options that are available for Texans and how each one works.
Health Care Reform Webinar 1-25-2018
 
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Covered in this video: - New Administration: -- Delay of Medical Device Tax (2.3%) which was not enforced in 2016 or 2017 but is back in effect 2018 -- Two Year Delay of the Cadillac Tax -- Elimination/Delay of 2 years of the Health Insurance Tax (approximately a 2.7% increase in premiums is affiliated with this Tax) -- AND… Six year CHIP funding w/88% Federal Funding for the first 2 years. After 2 years, the Federal funding portion reverts back to pre-ACA levels (Avg 71%) -- Senator Ted Cruz pushing for ACA Repeal in 2018. Will it happen? - Aetna: New Master Service Agreements. Groups will receive new forms with required signatures. The detailed information is in this week’s HCR. - Aetna: $50 per employee bonus extended for new AFA groups w/ 5-50 Lives from 2-1 through 1-1-19 effective dates! - HBS New 2018 Small Group Business Application. (info on St Vincent and UPMC Hamot in newsletter) - Orion Program – Guest Speaker Next Week - HHS Nominee for HHS Secretary: Alex Azar II, former Pharmaceutical Rep. Meeting resistance because he is not considered to be a huge fan of the EHBs. Appointment has been approved! More change coming? - Open Forum
Ron Paul's Texas Straight Talk 5/31/10: Put Patients and Doctors Back in Control of Healthcare
 
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http://house.gov/paul http://CampaignForLiberty.com Most everyone agrees that health care in the United States has major problems, the biggest problems relating to skyrocketing costs. No one doubts the system is in need of reform. However, too many in Washington see tighter government controls as the solution. In fact, the problems are rooted in past government controls that created more problems than they solved. Ironically, laws and policies in the 1970's promoting Health Maintenance Organizations (HMOs) resulted from desperate attempts to control spiraling costs. However, instead of promoting an efficient health care system, HMOs took far too much control away from patients and physicians and gave it to the insurers. This excessive reliance on third-party payers instead removed incentives for insured patients to economize on health care costs, and allowed the problem to snowball. Furthermore, the third-party payer system created a two-tier health care system where people whose employers could afford to offer "Cadillac" plans have access to top quality health care, while others face financial obstacles in obtaining quality health care. For these and other reasons, I introduced the Private Option Health Care Act last week. This bill places individuals back in control of health care by replacing the recently passed tax-spend-and-regulate health care law with reforms designed to restore a free market health care system. First, the bill would provide all Americans with a tax credit for 100% of health care expenses. This tax credit is fully refundable against both income and payroll taxes. It would also allow individuals to roll over unused amounts in cafeteria plans and Flexible Savings Accounts (FSAs). Next, it would provide a tax credit for premiums for high-deductible insurance policies connected with a Health Savings Account (HSAs) and allow seniors to use funds in HSAs to pay for medigap policies. In addition, it would repeal the 7.5% threshold for the deduction of medical expenses, and thus would make all medical expenses tax deductible. This bill would also create a competitive market in health insurance by exercising Congress's Constitutional authority under the Commerce Clause to allow individuals to purchase health insurance across state lines. Ending these state-imposed bans would create a competitive national marketplace in health insurance. The Private Option Health Care Act would also ensure that people harmed during medical treatment receive fair compensation while simultaneously reducing the burden of costly malpractice litigation on the health care system. The bill achieves this by providing a tax credit for negative outcomes insurance purchased before medical treatment. This type of insurance would provide compensation for any negative outcomes without having to go through lengthy litigation or giving huge sums to trial lawyers. Finally, the Private Option Health Care Act would lower the prices of prescription drugs by reducing barriers to the importation of Food and Drug Administration (FDA)-approved pharmaceuticals. Under my bill, anyone wishing to import a drug simply submits an application to the FDA, which then must approve it unless it is either not approved for use in the United States or is adulterated or misbranded. The Private Option Health Care Act allows Congress to correct the mistake it made last month by replacing the new health care law with health care measures that give control to individuals, instead of the federal government and corporations. Our health is too vital to allow for the typical results of government interference and "fixes".
Views: 763 C4Liberty
Policy primer What's in the GOP’s healthcare plan
 
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Trump Breaking News Network -Policy primer What's in the GOP’s healthcare plan. Republicans are quickly pushing ahead with their plan to repeal and replace ObamaCare. The GOP measure, called the American Health Care Act (AHCA), has advanced out of two House committees and is on its way to a floor vote in a matter of weeks despite taking fire from conservatives, some centrists and a range of healthcare groups. The measure repeals many core aspects of ObamaCare, including the subsidies to help people buy insurance, the extra federal funds for the expansion of Medicaid after 2019 and the law’s taxes and the mandates. In its place would be a new system centered on a new tax credit to help people afford insurance. Here’s a rundown: The GOP bill repeals ObamaCare’s subsidies and Medicaid expansion. The AHCA repeals ObamaCare subsidies that help offset the cost of insurance, as well as the expansion of Medicaid after 2019. In their place, the GOP bill would provide a new tax credit, ranging between $2,000 and $4,000 per individual, increasing with someone’s age and family size. Source: http://thehill.com/policy/healthcare/323307-policy-primer-whats-in-the-gops-healthcare-plan Trump Breaking News Network Ingles: https://www.youtube.com/channel/UC6KZqfNgPrGEJDRIUTHPwrQ https://youtu.be/O8LHvlHqkew TRUMPTBNN
Insights: How Will the Affordable Care Act Affect Hawaii's Seniors, Uninsured and Part-time Workers?
 
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How Will the Affordable Care Act Affect Hawaii's Seniors, Uninsured and Part-time Workers? Our nation is undergoing one of the biggest reforms to health care since the 1960s. In Hawaii, some of the biggest changes will affect our senior citizens who rely on Medicare for their health insurance. Obamacare, as it's become known, also affects workers who earn too much to qualify for government-subsidized health insurance but not enough to pay for private plans. Under the federal law, affordable health insurance should be available through the Hawaii Health Connector in October, and uninsured residents who don't take advantage of those plans by 2014 will face penalties. Malia Mattoch hosts the second of two shows on the Affordable Care Act. Scheduled guests: Cheryl Matheis, Senior Policy Strategist, AARP; Tom Matsuda, Affordable Care Act Implementation Manager, State of Hawaii; Sherry Menor-McNamara, Incoming President, Chamber of Commerce of Hawaii; and Tony Saguibo, Vice President of Government Programs, HMSA.
Views: 556 PBSHawaiiorg
Cadillac Plan
 
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Secretary of State Kris Kobach schools us on a hard fact of life. Not everyone may have a Cadillac Health Insurance Plan like him. The rest of us must live within our resources. Video from the debate held February 17, 2018, at the State Republican Convention held in Wichita, Kansas. So far Kansas has forfeited over $2.4 billion in Federal Funds by refusing to expand Medicaid coverage. Current dollar count on Kansas Hospital Association home page http://www.kha-net.org/
Views: 8 Kent Roth
What happened to my Cadillac?
 
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Are you familiar with the term "Cadillac Long term care policy"? For a period of time a person was able to purchase a Cadillac Long-term Care policy, meaning for a modest annual premium, the payoff once in a facility, covered everything under the sun. Those have gone the way of the Dodo Bird. In this video, Rob Brinkman, explains how the insurance industry has addressed this problem and actually designed a better solution by utilizing a LTC Rider inside a Life Insurance Policy. In the past, there were only a couple of long term care carriers. In fact, at one point there was a single carrier that had almost 50% market share. Of course this also came with a bunch of risk and when long term care costs started escalating, many of these carriers were forced to make some big changes including raising premiums and capping benefits. Now although these "Cadillac" LTC plans aren't around today like they used to be, there is some very positive news as a few life insurance policies have created a "best of both worlds" scenario by adding some incredible long term care riders to the life policy. These LTC riders inside the life insurance policy give the owner some incredibly powerful long term care benefits alongside a tax-free death benefit in case of death of owner. So although the Cadillac policy is gone, the new hybrid life and LTC policies available today could even be more powerful for you and your specific situation. Make sure to check out Retirement Harvest to download some incredible retirement reports and white papers. http://www.retirementharvest.com
Obama on mandates
 
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Barack Obama compares mandating universal health care to forcing the homeless to buy houses
Views: 29336 hemarasio
Benefits Compass - ACA Compliance - IRS 6055 & 6056 Reporting
 
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Full, Accurate & SECURE completion of employer IRS reporting requirements under ACA. Personal records are created on each employee for each tax year. Comprehensive Pay-or-Play analysis and Cadillac Tax calculations. Modeling different contribution strategies, and output reporting for employers.
The "Cadillac" Tax
 
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Yale-New Haven Hospital CEO Marna Borgstrom discusses proposals to pay for health care reform partly by taxing higher-end insurance plan benefits.
Views: 393 Paul Bass
Community Rating, it s effect on mid sized employers health plans
 
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In 2016 employers with 50-99 employees will be faced with the changes caused by Community Rating. Watch my video discussing the changes employers will face, why they will reconsider to Pay or Play in the future and potential impacts of the Cadillac Tax
Views: 51 Tyson Fuehrer
Hillary Clinton Wants to Get Rid of Obamacare's 'Cadillac Tax'
 
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Hillary Clinton is set to speak out against a provision of the Affordable Care Act, a law that she supports, as one of a series of reforms she is announcing for the federal health care law. Clinton called on Congress to "repeal the so-called Cadillac Tax, which applies to some employer-based health plans, and to fully pay for the cost of repeal." The provision known as the "Cadillac Tax" is scheduled to take effect in 2018 and is meant to rein in overly generous employer health care plans. It applies a 40% excise tax to health plans that exceed an annual cost of $10,200 a year for individuals and $27,500 for families. Clinton had signaled earlier that she could potentially target the Cadillac tax. In a http://feeds.mashable.com/~r/Mashable/~3/QhzUajhP5m0/ http://www.wochit.com This video was produced by Wochit using http://wochit.com
Views: 292 Wochit News
Obama lies about "cadillac" plan taxation.
 
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I didnt put this video together. I found it at nakedemperornews.com. Great site that exposes many political lies.
Views: 2338 PIGamer86
Trump may not enforce individual health insurance mandate: aide January 22, 2017
 
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Trump may not enforce individual health insurance mandate: aide January 22, 2017 The Trump administration may no longer enforce a rule requiring individual Americans to carry health insurance or pay a penalty if they do not, a senior White House official said on Sunday Speaking on ABC's "This Week" program, Kellyanne Conway, counselor to the president, said President Donald Trump "may stop enforcing the individual mandate." Separately, on CBS' "Face the Nation" show, she reiterated Republican promises that no one would lose their health insurance under Obamacare while a replacement is being developed. "For the 20 million who rely upon the Affordable Care Act in some form, they will not be without coverage during this transition time," she said. On Friday Trump signed an executive order concerning the 2010 healthcare law, urging U.S. agencies to "waive, defer, grant exemptions from, or delay the implementation" of provisions deemed to impose fiscal burdens on states, companies or individuals. Healthcare experts had speculated that Trump could expand exemptions from the individual mandate. Senate Majority Leader Mitch McConnell, speaking on "Fox News Sunday," reiterated Republican promises to replace Obamacare and allow patients to buy health insurance across state lines using health savings accounts. "We’re going to move carefully in conjunction with the administration to repeal and replace it with things like health savings accounts and interstate health insurance sales and high-risk pools at the state level to take care of people who have pre-existing conditions." he said. Last week Republican Representative Tom Price, Trump's nominee to lead the Department of Health and Human Services, told the Senate Committee on Health, Education, Labor and Pensions, that an overhaul of Obamacare will initially focus on individual health plans sold on online exchanges and the Medicaid health insurance program for low-income Americans. He added that the revamp would not immediately tackle changes to Medicare, the federal health insurance program for those 65 and older and people with disabilities. Trump has said he wants to keep some elements of Obamacare, such as allowing young adults to be covered under their parents' insurance. He is in favor of plans that use health savings accounts and the sale of insurance across state lines.
Views: 14 Hong That
Steve Leser on Cashin In 10-24-09 Regarding Cadillac Health Care Tax Exemptions for Federal Workers
 
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Steve Leser on Fox News' Cashin In 10-24-09 Regarding Cadillac Health Care Tax Exemptions for Federal Workers. A proposal exists to tax health care plans that are worth above a certain threshold. Exemptions are proposed for unions and now federal workers. Steve Leser defends the idea of the exemption for Federal workers against the Cashin' In crew.
Views: 498 HyperPundit
Obamacare: The Timeline
 
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Obamacare: The Timeline Hello everyone, Meagan Ray here with Insurance Marketing Enterprises. You can also find us online through our site and on Facebook and Twitter. Today's video is about the timeline of health care reform or "Obamacare." I will quickly cover the things that have been implemented since the law passed in 2010 and then go over the stages that are coming up. This is going to be brief, so 6 minutes tops. It might be a lot of information, but it's all listed below, so you can see it in print. In 2010: * Health care reform eliminated most of the lifetime maximums and annual maximums for coverage on plans * Dependent children up to age 26 could be covered under their parent's plan * High risk pools were developed at the state level for people with pre-existing conditions to get coverage through. As an example, in Colorado we already had Cover Colorado, but our state received additional funding for a plan called Getting Us Covered. * Health care reform eliminated pre-existing conditions for children ONLY, age 19 and under * Tax credits began for some small employers In 2011: * Employers were supposed to start reporting the cost of benefits to their employees; however, that has since been delayed * Over the counter (OTC) meds and other medical equipment no longer allowed expenses for HSA plans * Minimum Loss Ratios or MLR was implemented for the insurance carriers -- where they must spend 80 to 85 cents of every premium dollar earned on health care (on non-grandfathered plans) In 2012: * Claims review and appeals processes must be in place with every insurance carrier * Women's preventive health services must be covered at 100% (on non-grandfathered plans) * Employers with insurance became eligible for rebates due to MLR * Summary of Benefits and Coverage (or SBCs) and uniform glossaries now required for all plans In 2013: * Medicare withholding tax for those making more than 200K increased from 1.45 to 2.35% * Flexible Spending Accounts limited to $2500 * Health and Human Services (or HHS) evaluates each state's exchange to see if it's ready to go or not * Employers must report health care costs on W2 forms, for groups that issue 250 or more W2's each year * Employers need to communicate with employees about benefits and options with the exchange * Beginning July 31: insured people and self-funded plans will pay $1 per member to fund comparative effectiveness research of medical treatments -- it increases to $2 after 2013 * October 1: Federal and State health insurance exchanges open for people to buy policies with effective dates of January 1, 2014. This is where people can apply for plans with subsidies and advanced premium tax credits -- more info on this in an upcoming video * Group health plans must verify with HHS that they are compliant In 2014: On Jan. 1st: * State health insurance exchanges begin for individuals and groups under 50 employees * Individuals must buy health insurance or pay a penalty: either $95 or 1% of annual income * Employer "Pay or Play" goes into effect, so do the rules on full-time equivalent employees and limiting waiting periods for coverage to 90 days * Medicaid Expands * The health insurance exchange plans begin providing coverage * No pre-existing conditions for adults (remember that went away for children in 2010) * No annual benefit limits go into effect * Insurers must cover the cost of clinical trials * Rewards or incentives for wellness are allowed up to 30% of the cost of coverage for a single person On Jan 15th: * Employers begin paying quarterly fees for transitional reinsurance programs In 2016: * States can form Health Care Choice Compacts where plans can be offered across state lines In 2017: * Employers with less than 100 employees can purchase coverage through the exchanges In 2018: * 40% tax on "Cadillac" Plans Now that we've covered the timeline, I hope you'll have a better understanding of when many of the provisions went into place and what's coming up next for health care reform implementation. No one expects everyone to understand this or be able to navigate the insurance industry alone -- so reach out to a broker or agent near you! It's important to have a trusted adviser guide you in these kinds of decisions. If you like the information I've provided today, subscribe to our channel, or follow us on Facebook and Twitter. It's important to be informed, and we'll do our best to be your resource.
Views: 513 IMEBenefits
DEMOCRATS SPLIT ON TAXING CADILLAC HEALTH CARE PLANS
 
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On the Ed Show Anthony Weiner and TheNation's Katrina Vanden Heuvel discuss the opposition by unions to tax Cadillac health care plans . The Senate is for it and the House is against it . I'm against taxing health care plans also . However, I think taxing Cadillac health care plans that make above 300,000 a year is fair . If they put a strong public option in, I think we all should have to pay for it . We all are paying for it anyways . I don't know progressives ? What's your view on this issue ?
Views: 247 thevirtueallliberal
How Employers Can Avoid the 2018 Excise Tax - Towers Watson
 
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Towers Watson’s Health and Group Benefits leader, Randy Abbott, discusses two steps employers can take now for avoiding the 2018 excise tax on higher-cost plans. For more information, visit: http://www.towerswatson.com/en/Insights/IC-Types/Survey-Research-Results/2015/04/2015-emerging-trends-in-health-care-survey
Health Care Trends to Look for in 2018
 
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Sam Falsetti, PhD of Cambridge Biomarketing discusses some recent health care trends, specifically focusing on possible changes to the Affordable Care Act and drug development as it affects the rare disease community. Before private insurance market rules that were enforced in the ACA (in 2014), health insurance sold in the individual market in most states was medically underwritten. That means insurers evaluated the health status, health history, and other risk factors of applicants to determine whether and under what terms to issue coverage. To what extent people with pre-existing health conditions are protected is likely to be a central issue in the debate over repealing and replacing the ACA. It is estimated that 27% of adult Americans under the age of 65 have health conditions that would likely leave them uninsurable if they applied for individual market coverage under pre-ACA underwriting practices that existed in nearly all states. While a large share of this group has coverage through an employer or public coverage where they do not face medical underwriting, these estimates quantify how many people could be ineligible for individual market insurance under pre-ACA practices if they were to ever lose this coverage.
Views: 54 CheckRare
Two Key ACA Provisions Extended: An Interview with Michelle Capezza
 
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Over the holidays, the U.S. government and federal agencies announced deadline extensions for two significant Affordable Care Act (ACA) provisions. Information reporting deadlines for the tax year 2015 have been extended by several months, and the effective date for the so-called “Cadillac Tax,” a 40% excise tax on high-cost health plans, has been delayed until January 1, 2020. Michelle Capezza from Epstein Becker Green explains how the delay in the Cadillac Tax will affect employers. Click here for more information - http://bit.ly/1RTOzoJ This is an extended interview, an excerpt of which was featured as the top story in Employment Law This Week, Episode 11 (January 18th, 2016). That episode can be viewed here - http://bit.ly/1SmZF7a Visit http://www.EmploymentLawThisWeek.com. These materials have been provided for informational purposes only and are not intended and should not be construed to constitute legal advice. The content of these materials is copyrighted to Epstein Becker & Green, P.C. ATTORNEY ADVERTISING.
Healthcare Reform: Reporting and Compliance
 
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Louisiana health insurance is changing under the Affordable Care Act. http://www.bcbsla.com/reform In order to ensure that employers are complying with the Affordable Care Act, large employers will be required to report the following to the federal government: 1. Whether or not the employer offers benefits to their full-time employees and dependents. 2. Whether or not the employees have the opportunity to enroll in minimum essential coverage under an employer-sponsored plan. 3. Any applicable waiting period. The law mandates that enrollment waiting periods for new hires may not exceed 90 days. 4. The lowest-cost plan option in each enrollment category 5. Employer's share of the total cost option in each of the enrollment categories 6. Names, Numbers, Addresses, Taxpayer IDs of all full-time employees receiving coverage For more information, visit healthcare.gov.
Obama Administration proposing tax exemptions for union healthcare plans under Obamacare
 
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The Obama administration appears ready to give some labor unions a break from costly fees under the new health care law, a move that drew criticism from Republicans who say it unfairly favors a key White House ally. In regulations published last week, the administration said it intends to propose rules that would exempt "certain self-insured, self-administered plans" from the requirement to pay the fees in 2015 and 2016. Health care experts say that could apply to some union-sponsored health plans, though it's unclear how many. Labor officials downplayed any impact as miniscule, saying the language would not include most of their plans and doesn't address the wider changes they have requested. Labor unions have spent months complaining the new law will drive up the costs of certain health plans that are jointly administered by unions and smaller employers. The White House has rejected a broader request that union members in those plans be eligible for federal subsidies. Unions and many businesses groups also have been complaining about the so-called reinsurance fees, which start next year at $63 per person for everyone who has coverage. The fee drops to about $40 a person in 2015 and even less the following year. The temporary fee is designed to raise $25 billion over the next three years. The money collected is intended to provide a cushion for insurers from the initial hard-to-predict costs of covering previously uninsured people with medical problems. But unions and large employers argue that they shouldn't have to pay the fee because they won't benefit from the fund.
Views: 185 LSUDVM
Ron Paul: Introducing the Private Option Health Care Act
 
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http://www.RonPaul.com 05/31/2010 Introducing the Private Option Health Care Act by Ron Paul Most everyone agrees that health care in the United stated has major problems, the biggest problems relating to skyrocketing costs. No one doubts the system is in need of reform. However, too many in Washington see tighter government controls as the solution. In fact, the problems are rooted in past government controls that created more problems than they solved. Ironically, laws and policies in the 1970s promoting health maintenance organizations, resulted from desperate attempts to control spiraling costs. However, instead of promoting an efficient health care system, HMOs took far too much control away from patients and physicians and gave it to the insurers. This excessive reliance on third-party payers instead removed incentives for insured patients to economize on health care costs, and allowed the problem to snowball. Furthermore, the third-party payer system created a two-tier health care system where people whose employers could afford to offer Cadillac plans have access to top quality health care, while others face financial obstacles in obtaining quality health care. For these and other reasons I introduced the Private Option Health Care Act last week. This bill places individuals back in control of health care by replacing the recently passed "tax, spend, and regulate" health care law with reforms designed to restore a free-market health care system. First, the bill would provide all Americans with a tax credit for 100% of health care expenses. This tax is fully refundable against both income and payroll taxes. It would also allow individuals to roll over unused amounts in cafeteria plans and flexible savings accounts. Next, it would provide a tax credit for premiums for high deductible insurance policies connected with a health savings account and allow seniors to use funds in HSAs to pay for "Medigap" policies. In addition, it would repeal the 7.5% threshold for the deduction of medical expenses and thus make all medical expenses tax-deductible. The Private Option Health Care Act allows Congress to correct the mistake it made last month by replacing the new health care law with health care measures that give control to individuals instead of the federal government and corporations. Our health is too vital to allow for the typical government interference and fixes. ---- Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, and a return to sound monetary policies. For more information visit the following sites: http://www.RonPaul.com http://www.CampaignForLiberty.com http://www.house.gov/paul http://www.YALiberty.org http://www.DailyPaul.com http://www.RonPaulForums.com
Views: 8653 RonPaul2008dotcom
What Is A Spousal Surcharge?
 
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Ready to pay a 'spousal surcharge' for health care? Houston spousal surcharge affidavit. What is the spouse or domestic partner coverage premium surcharge? . To avoid payment 26 feb 2014 a $50 per month surcharge will be required in addition to your premium if you have spouse or domestic partner enrolled on pebb what is the spousal surcharge? The an additional that apply when works and has access group 20 may 2013 considering. Why is scl health making this change? Scl believes that all employers should be equally responsible for paying the 15 jun 2013 a small but growing number of companies are planning to introduce 'spousal surcharges' husbands or wives who want stay on check appropriate box, sign, and date form. 11 jun 2011 as a result, you might be required to pay a spouse surcharge to cover your working spouse under your employer sponsored health insurance 1 sep 2016 the spousal surcharge is a monthly charge in addition to your regular medical coverage contribution premium for a spouse who is working or retired and who is eligible for medical coverage through their employer or former employer 25 mar 2015 an alternate design is a spousal surcharge approach. Spousal surcharge q&a seemybenefitsonline. This simply means that if you have a spouse 21 oct 2016 the spousal surcharge is an additional contribution pay when your domestic partner has access to medical coverage from working faqs. With a spousal surcharge program an employee must pay additional cost to cover working spouse who has the option elect health coverage from his or her employer and declined 25 apr 2013 companies are increasingly slapping surcharges on wives want be covered by their husbands' insurance 16 aug 2015 avoid affordable care act's so called cadillac tax rich benefit plans, adding of $100 month more important does not apply teamsters members programs have gained popularity in recent years surchargewhat is surcharge? The premium added if your access exclusions considerations caveats. Employers have considered eliminating coverage for the working spouse surcharge is a fee spouses who access to by another employer. Working spouse surcharge health plans frequently asked what is a spousal surcharge? Healthyquest. Sapling sapling 8577757 spouse surcharge insurance url? Q webcache. You must submit it to human resources. Working spouse surcharge faqs scl health. One of the ways employers are looking to contain healthcare costs is by levying surcharges on spouses a spousal surcharge provision verification offers identified option stay your plan if they pay monthly amount help offset direct spouse eligible for other employer group coverage and enrolled in state employees' health insurance (sehip) you will be subject 10 may 2017 its simplest form, an either impose spouse's coverage, or make that ineligible when What insurance? Health care benefits cost sharing what carve out penalizing forbes. How obamacare adds $100 a month to your spouse's coveragepsu office of human resources. S
Views: 27 Bun Bun 2
What is the Excise Tax on high-cost health plans -- and what should employers do about it now?
 
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Health Care Reform places a limit on the cost of group health plan coverage before it is subject to nondeductible excise tax -- and research shows that average plans are already approaching these levels. Watch as John Haslinger, VP, Benefits Outsourcing Consulting, Strategic Advisory Services at ADP, discusses this tax and its potential impact on the cost of doing business. For more information about ADP visit http://www.adp.com/health-care-reform
Views: 283 ADP
Healthcare Debate "Clip Notes" from iOwnTheWorld.com
 
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Here are some Healthcare Debate clips that we find interesting. The Patient Protection and Affordable Care Act (PPACA)[1][2] is a federal statute that was signed into United States law by President Barack Obama on March 23, 2010. This Act and the Health Care and Education Reconciliation Act of 2010 (signed into law on March 30, 2010) made up the health care reform of 2010. The laws focus on reform of the private health insurance market, provide better coverage for those with pre-existing conditions, improve prescription drug coverage in Medicare and extend the life of the Medicare Trust fund by at least 12 years. The Act's provisions are intended to be funded by a variety of taxes and offsets. Major sources of new revenue include a much-broadened Medicare tax on incomes over $200,000 and $250,000, for individual and joint filers respectively, an annual fee on insurance providers, and a 40% tax on "Cadillac" insurance policies. There are also taxes on pharmaceuticals, high-cost diagnostic equipment, and a federal sales tax on indoor tanning services. Offsets are from intended cost savings such as improved fairness in the Medicare Advantage program relative to traditional Medicare.[6] Total new tax revenue from the Act will amount to $409.2 billion over the next 10 years. $78 billion will be realized before the end of fiscal 2014.[7] Summary of revenue sources: * Broaden Medicare tax base for high-income taxpayers: $210.2 billion * Annual fee on health insurance providers: $60 billion * 40% excise tax on health coverage in excess of $10,200/$27,500: $32 billion * Impose annual fee on manufacturers and importers of branded drugs: $27 billion * Impose 2.3% excise tax on manufacturers and importers of certain medical devices: $20 billion * Require information reporting on payments to corporations: $17.1 billion * Raise 7.5% Adjusted Gross Income floor on medical expenses deduction to 10%: 15.2 billion * Limit health flexible spending arrangements in cafeteria plans: $13 billion * All other revenue sources: $14.9 billion Effective by January 1, 2012 * Employers must disclose the value of the benefits they provided beginning in 2012 for each employee's health insurance coverage on the employees' annual Form W-2's.[32] This requirement was originally to be effective January 1, 2011 but was postponed by IRS Notice 2010-69 on October 23, 2010.[33] * New tax reporting changes come into effect which aims to prevent tax evasion by corporations and individuals. The provision is expected to raise $17 billion over 10 years.[34] Under the existing law, businesses have to notify the IRS on 1099 form of certain payments to individuals for certain services or property[35][36] over a reporting threshold of $600. But from December 31, 2011 the requirements will be changed so that payments to corporations and individuals must also be reported.[37][38] There are a number of exceptions: personal payments, payments for merchandise, telephone, freight, storage, and payments of rent to real estate agents are exempt from reporting.[35] The amendments made by this section of the Act (section 9006) shall apply to payments made by businesses after December 31, 2011. Effective by January 1, 2013 * Self-employment and wages of individuals above $200,000 annually (or of families above $250,000 annually) will be subject to an additional tax of 0.5%. Effective by January 1, 2014 * Insurers are prohibited from discriminating against or charging higher rates for any individuals based on pre-existing medical conditions.[10][40] * Impose an annual penalty of $95, or up to 1% of income, whichever is greater, on individuals who do not secure insurance; this will rise to $695, or 2.5% of income, by 2016. This is an individual limit; families have a limit of $2,085.[41][42] Exemptions to the fine in cases of financial hardship or religious beliefs are permitted.[41] * Insurers are prohibited from establishing annual spending caps.[10] * Expand Medicaid eligibility; individuals with income up to 133% of the poverty line qualify for coverage, including adults without dependent children.[41][43] * Two years of tax credits will be offered to qualified small businesses. In order to receive the full benefit of a 50% premium subsidy, the small business must have an average payroll per full time equivalent ("FTE") employee, excluding the owner of the business, of less than $25,000 and have fewer than 11 FTEs. The subsidy is reduced by 6.7% per additional employee and 4% per additional $1,000 of average compensation. As an example, a 16 FTE firm with a $35,000 average salary would be entitled to a 10% premium subsidy.[44] * Impose a $2,000 per employee tax penalty on employers with more than 50 employees who do not offer health insurance to their full-time workers (as amended by the reconciliation bill)
Views: 753 IOTW2009
News 12: Somers Health Care Town Hall Meeting
 
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Hudson Valley residents expressed outrage today after their incumbent Congressman, who has refused to hold any public discussions on HR 3200, derisively known as 'ObamaCare', attempted to leverage his official position to shut down a series of town hall meetings on health care that have been arranged by his prospective 2010 opponent, New York State Assemblyman Greg Ball (R, C, I - Patterson). "The congressman's office seems more interested in spending time trying to avoid a public discussion on health care than they are in reading this 1,100 page socialized medicine bill," Ball said. "A primary concern of mine is that we face an unlevel playing field when a public plan can shift costs to our state's private insurers because of low doctor and hospital reimbursement rates. State lawmakers nationwide can, and should be hosting public meetings on this critical issue." According to reports, the current congressman's requests for cancellation of Ball's town hall meetings were denied. "Hudson Valley residents deserve an open and honest discussion to debate the consequences of legislation that many believe will irreparably harm both the economy, and our health care system," said Cornwall Town Supervisor Kevin Quigley. "Our sophomore Congressman may feel differently, but I'm glad to see our state representatives, like Assemblymembers Annie Rabbitt and Greg Ball, taking the lead on this critical issue." Ball signed onto an official letter from the American Legislative Exchange Council (ALEC) to Congressional leaders, which was delivered on July 29, expressing the will of more than 1,800 state legislators opposing federal reform efforts-particularly, the Medicare-modeled "public plan" and a national health insurance exchange-which they say will trample states' rights and lead Americans down the road to single-payer health care. "It may have escaped our Congressman's notice, but people are outraged about this bill," said William DeProspo, Chairman of the Orange County Republican Committee. "It is bad enough that he has refused to defend his viewpoint on this issue directly to the public, but this Orwellian attempt to infringe upon free speech and halt public discussion is shameful." The members of ALEC-the nation's largest nonpartisan, individual membership association of state legislators-recently approved the Resolution on Preserving States' Rights Regarding Federal Health Insurance Exchanges and a Public Plan, which deems the federal public plan anti-competitive and calls the proposed national health insurance exchange a "federal takeover" of the states' role in regulating health insurance. "Our current congressman has chosen to discuss this bill only in meetings with special interest groups in a behind the scenes, closed door format, and while that may score political points with Nancy Pelosi, Hudson Valley residents know better," said Chairman Michael McCormack of the Dutchess County Republican Committee. "States primarily regulate today's health insurance market and provide aggressive oversight of the market and enforce consumer protection and ensure a local, responsive presence for consumers. Now that congress is considering legislation that may impose restriction on the states ability to regulate health plans, including overriding already adopted state patient protections, is important to have responsive legislators like Assemblyman Greg Ball, who will stand up and fight for us, as it is the duty of our state elected officials to stand up and stop this effort to undermine state authority to design programs that reflect local needs." In the ALEC letter to Congress, ALEC's lawmakers criticized the federal push to shift health care decision-making to Washington. "We all share the goal that patients deserve to choose their own quality, affordable, private health coverage," Ball's letter states. "But health reform shouldn't just be the job of the federal government."
Views: 901 Greg Ball
Large Employer Mandatory Health Coverage Overview
 
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Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare. Beginning in 2015, large employers, generally those with 50 full-time employees in the prior calendar year, that • Do not offer coverage for all their full-time employees, • Offer minimum essential coverage that is unaffordable (employee contribution being more than 9.5% of the employee's household income), or • Offer minimum essential coverage where the plan's share of the total allowed cost of benefits is less than 60% (i.e. less than the bronze coverage), will be required to pay a penalty if any of its full-time employees were certified to the employer as having purchased health insurance through a state or federal exchange and qualified for either tax credits or a cost-sharing subsidy previously discussed.
Views: 308 Lee Reams
Cadillac Tax for Employers 101 - How to Avoid Penalties? - Archived Webinar
 
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This webinar covers: what coverages are subject to the tax, how the excise tax is determined, what adjustments will be available in determining the tax, and who collects the tax. Original Date: November 17, 2015
Views: 74 benefitexpress
ACA Special Edition: King v Burwell – what is the employer impact?
 
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The U.S. Supreme Court has issued its decision in King v. Burwell. The Court ruled that the Affordable Care Act (ACA) permits the Internal Revenue Service (IRS) to provide tax credits for health insurance purchased through a federal Exchange (Marketplace). But what does the ruling mean for business owners, HR directors and benefits providers? Will IRS information reporting still be required? Could Congress step in and propose changes to the existing ACA law? View our webcast for answers to these questions.
Views: 991 ADP
Presidents Bill Clinton and Barack Obama Discuss Health Care Insurance Coverage (2013)
 
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Health care in the United States is provided by many distinct organizations. Health care facilities are largely owned and operated by private sector businesses. 62% of the hospitals are non-profit, 20% are government owned, 18% are for-profit. 60--65% of healthcare provision and spending comes from programs such as Medicare, Medicaid, TRICARE, the Children's Health Insurance Program, and the Veterans Health Administration. Most of the population under 67 is insured by their or a family member's employer, some buy health insurance on their own, and the remainder are uninsured. Health insurance for public sector employees is primarily provided by the government. The United States life expectancy of 78.4 years at birth, up from 75.2 years in 1990, ranks it 50th among 221 nations, and 27th out of the 34 industrialized OECD countries, down from 20th in 1990. Of 17 high-income countries studied by the National Institutes of Health in 2013, the United States had the highest or near-highest prevalence of infant mortality, heart and lung disease, sexually transmitted infections, adolescent pregnancies, injuries, homicides, and disability. Together, such issues place the U.S. at the bottom of the list for life expectancy. On average, a U.S. male can be expected to live almost four fewer years than those in the top-ranked country. According to the World Health Organization (WHO), the United States spent more on health care per capita ($8,608), and more on health care as percentage of its GDP (17.9%), than any other nation in 2011. The Commonwealth Fund ranked the United States last in the quality of health care among similar countries, and notes U.S. care costs the most. In a 2013 Bloomberg ranking of nations with the most efficient health care systems, the United States ranks 46th among the 48 countries included in the study. The U.S. Census Bureau reported that 49.9 million residents, 16.3% of the population, were uninsured in 2010 (up from 49.0 million residents, 16.1% of the population, in 2009). A 2004 Institute of Medicine (IOM) report said: "The United States is among the few industrialized nations in the world that does not guarantee access to health care for its population." A 2004 OECD report said: "With the exception of Mexico, Turkey, and the United States, all OECD countries had achieved universal or near-universal (at least 98.4% insured) coverage of their populations by 1990." Recent evidence demonstrates that lack of health insurance causes some 45,000 to 48,000 unnecessary deaths every year in the United States. In 2007, 62.1% of filers for bankruptcies claimed high medical expenses. A 2013 study found that about 25% of all senior citizens declare bankruptcy due to medical expenses, and 43% are forced to mortgage or sell their primary residence. On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) became law, providing for major changes in health insurance. The Patient Protection and Affordable Care Act (Public Law 111-148) is a health care reform bill that was signed into law in the United States by President Barack Obama on March 23, 2010. Along with the Health Care and Education Reconciliation Act of 2010 (passed March 25), the Act is a product of the health care reform agenda of the Democratic 111th Congress and the Obama administration. The law includes a large number of health-related provisions to take effect over the next four years, including expanding Medicaid eligibility for people making up to 133% of FPL,[174] subsidizing insurance premiums for peoples making up to 400% of FPL ($88,000 for family of 4) so their maximum "out-of-pocket" pay will be from 2% to 9.8% of income for annual premium,[175][176] providing incentives for businesses to provide health care benefits, prohibiting denial of coverage and denial of claims based on pre-existing conditions, establishing health insurance exchanges, prohibiting insurers from establishing annual spending caps and support for medical research. The costs of these provisions are offset by a variety of taxes, fees, and cost-saving measures, such as new Medicare taxes for high-income brackets, taxes on indoor tanning, cuts to the Medicare Advantage program in favor of traditional Medicare, and fees on medical devices and pharmaceutical companies;[177] there is also a tax penalty for citizens who do not obtain health insurance (unless they are exempt due to low income or other reasons).[178] The Congressional Budget Office estimates that the net effect (including the reconciliation act) will be a reduction in the federal deficit by $143 billion over the first decade. http://en.wikipedia.org/wiki/Health_care_in_the_united_states
Views: 6021 The Film Archives
Supplemental Medigap Policies Fills The Coverage Gaps - Right on the Money - Part 4 of 5
 
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Subhead Medigap Policies Provide Seniors Can Fill Gap Coverage Synopsis Medigap policies are supplemental health insurance policies sold by private insurers, designed to fill “gaps” in health coverage provided by Medicare to help pay for services Medicare does not cover. You must be enrolled in Medicare Parts A and B before you need to purchase a Medigap insurance policy. Content For seniors 65+, and others who may qualify, there is an option called a Medigap policy. These policies are supplemental health insurance policies sold by private insurers, designed to fill “gaps” in health coverage provided by Medicare to help pay for services Medicare does not cover. Most Americans enroll in Medicare Parts A, B and D because they fear an unforeseen medical expense, and that’s just smart planning because medical bankruptcy is a potential outcome if you don’t plan accordingly. We’re living longer and are finding better ways to take care of ourselves, so you must ensure your Medicare is giving you the best benefits possible. Two primary factors to consider when choosing a Medigap policy are 1, needed benefits and 2, cost. Under federal regulations, private insurers can only sell “standardized” Medigap policies and they all differ. How and what should you look out for when choosing a policy? − Discounts. Maybe you’re a woman or a non-smoker, so insurers may offer discounts to certain people. − Medical underwriting. You might have to fill out a health questionnaire. Your answers determine if you’re eligible for a policy and at what cost. − Pre-existing conditions. There may be a six-month waiting period for a pre-existing condition under Medigap policies. − High deductible. Compare to other options. − Medicare SELECT. These policies require you use pre-selected hospitals and physicians. − Guaranteed renewable. After 1992, most Medigap policies are considered renewable and insurance companies can’t drop you. Policies issued before 1992 may not be guaranteed renewable. − Insurer pricing methods. The common methods insurance companies price Medigap policies, including community, issue-age and attained-age pricing. Watch the interview on the basics of Medicare with Curt Chojnowski, Principal at Executive Benefits Group and Medicare specialist. Curt has more than 20 years of experience in the industry and focuses on the ins and outs of Medicare coverage and can dive deep into the subject. Post 2010, available Medigap policies include Plans A, B, C, D, F, G, K, L, M and N. All plans differ when it comes to core benefits, skilled nursing, deductibles, charges, emergency travel, at-home recovery and preventative care. Plan F is what’s called the “Cadillac of Medicare,” because you’re virtually covered for everything with payment of your premium. Plan F can range from an additional $50 to $400 per month, depending on your state of residence. Talk to an insurance professional and shop around for the right Medicare coverage for you. National syndicated financial columnist Steve Savant interviews Curt Chojnowski on the basics of Medicare and the strategies available to seniors. Right on the Money is a weekly talk interview talk show for consumers. The show segments are distributed nationally as daily video press releases. (www.rightonthemoneyshow.com) https://youtu.be/QBB895RrFV4
President Obama regarding federal healthcare reform bill on 6/15/2009
 
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President Obama said during our national debate over federal healthcare reform bill on 6/15/2009 said that if we like are healthcare plan and doctor, we can keep them. This doesn't seem very true either.
Views: 39 Joeflany431
Jonathan Gruber and Stephen Parente discuss the Affordable Care Act
 
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Jonathan Gruber discusses the Affordable Care Act with MPR in June 2012 and specifically highlights how John Kerry came up with a politically deceptive means to move unpopular changes to employer sponsored healthcare into Obamacare utilizing the "Cadillac Plan Tax". You can find the full panel discussion here: http://www.mprnews.org/listen/?name=/minnesota/news/programs/daily_circuit_2/2012/06/15/dailycircuithealthcaredebate_20120615
Views: 35 MNJobsCoalition
Rethinking and Understanding Obamacare | What Can Employer's Do to Prepare for Obamacare
 
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http://www.rethinkingobamacare.com LEARN MORE ABOUT KAYA BROMLEY AND OBAMACARE BY VISITING: http://www.yourobamacareadvisors.com As employers, we bear many of the greatest burdens put in place by the passage of the Patient Protection and Affordable Care Act of 2010. In addition to my law practice, I am a small business person, so I am deeply involved in all aspects of the ACA. As employers, we have a mandate to offer health coverage, and penalties if we do not offer health insurance. We have mandated benefits to go with the mandated coverage, and additional penalties if those benefits are not provided. We are now expected to monitor our employee's hours and offer health coverage according to a timetable. Worse, we can accomplish all of that -- and still be hit with penalties! Yes, even if we offer coverage, provide the benefits, and act in a timely manner, a penalty is possible if the coverage we offered was not "affordable." In addition to this, we are being challenged to redefine our businesses as "small" or "large," and do it based on a relatively modest base of 50 full-time employees or less. Here are some articles that may help clarify some of these issues: In "The Long and Short of Obamacare for Small Employers," I trace the definition of "small" employer from standard usage for a generation and the new definition under the ACA. "Whistleblowers, INC" speaks to the unlikely fact that under the ACA, millions of American workers will become eligible to become the most protected class of employees in history -- Federal Whistleblowers -- just by getting health insurance through an Exchange while receiving a subsidy. What You Can Do to Prepare for Obamacare 1. Devise a Strategic Plan and an Implementation Plan. Get buy-in from your team and make sure you know who is responsible for executing the plan. 2. Find the right advisors. All advisors are not created equal. Find professionals who have studied the law and are aware of best practices. 3. Educate yourself and your employees. The law is confusing and it is changing frequently. Be sure that your organization is equipped with the most up-to-date information. Share best practices with other business owners. 4. Begin communicating with your employees about what is ahead. If you are going to change policies (i.e. become a part-time employer) be sure to consult with an employment attorney or HR specialist so you can avoid creating liability for yourself. 5. Start brainstorming and planning with your insurance broker on pricing and planning strategies.
Views: 372 rethinkingobamacare
Webinar on The Ever-Changing ACA (Affordable Care Act), Status of Cadillac Tax
 
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In December 2015, many changes were made to the ACA that have an impact on when and how an employer complies with this complex and dynamic legislation. In this webinar, we covered the following topics: - Status of Cadillac Tax, and Impact on Employers - Common and dangerous fiduciary myths - A Look Ahead at 2016 and 2017 Speakers: - Sarah Friend, Employee Benefits Consultant of The Partners Group Employee Benefits Division - Iris Tilley, Partner with Barran Liebman LLP: http://www.barran.com/ More Information: http://www.tpgrp.com/2016/02/11/video-now-available-for-our-february-webinar-on-the-ever-changing-aca-affordable-care-act Founded in 1981, The Partners Group has been serving the financial and insurance needs of employers, medical professionals, and successful individuals for over 30 years. We are an independent consulting firm with services including employee benefits, business consulting, retirement planning, investment services, commercial and individual insurance. Although we have developed a national network and reputation, you can count on our local commitment and service. We deliver through the hard work of over 100 teammates, who tirelessly provide results greater than the sum of our parts. The Partners Group has offices in Portland, OR; Lake Oswego, OR; Bellevue, WA; Bend, OR; and Bozeman, MT. For more information, please visit http://www.tpgrp.com. 800-722-6339.
Views: 164 The Partners Group
No Cost Enrollment Strategy for State Health Insurance Exchanges
 
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This Fall, state Health Insurance Exchanges will begin enrolling low-income families in health insurance plans, and allowing them to pay for their insurance with premium tax credits, or subsidies. Exchanges are essential to fulfilling the promise of health care reform, but they're untested, and in many cases behind schedule and over budget. Leaders in both parties believe we should not leave the enrollment effort solely in the hands of unproven exchanges. Many have urged the Department of Health and Human Services to seek help from companies in the private sector. Health and Human Services embraced this approach with regulations that allow states to partner with licensed online health insurance marketplaces from the private sector. This approach creates strong public / private partnerships that combine the best of government and business. But, how would these marketplaces work with a state's exchange? Here is an example of how this process could work: - If we assume many people will do what they're already doing today, every day. - A person who goes to Google or Bing, might search for "health insurance" - The first "free" result they're likely to see is the online health insurance marketplace, eHealthInsurance.com - After clicking on that result, the individual would find themselves on an online marketplace and do what comes naturally, click "find plans" - The consumer then provides some basic anonymous demographic information -- age, gender, zip code, family size and the date they want their coverage to start - An marketplace approved to enroll consumers in qualified health plans using premium tax credits would also need to make the consumer aware that they may be eligible for a subsidy or premium tax credit. - To determine their potential eligibility, the visitor could simply select their income range. - With that small bit of information, an online marketplace could let those who -- based on estimated income and family size - are likely to be eligible for a subsidy to apply for assistance... - A licensed online marketplace could then quickly let the customer know that they may be eligible for a subsidy, and explain the process they'd need to undertake to apply for a subsidy - From here, a consumer could be sent to an exchanges subsidy application page -- all the while having access to a licensed agent or other support resources from the third party online marketplace - Once the subsidy application is complete -- an individual could shop directly on the exchange through an iFrame... - or, depending on the private marketplace's integration with an exchange, customers could shop for insurance using their subsidies right on the online marketplace. - In either case, federal regulations make it clear that customers must be presented with every plan available on the exchange -- again, the exact same plans at the exact same prices as they're displayed on the state's exchange - with the subsidy applied to the cost of the plan.
Views: 559 eHealth
Medicare is Retirement Planning’s Other Stepchild - Right on the Money - Part 3 of 5
 
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Sub Headline: Like taxes, Effective Medicare Management Can Benefit the Bottom Line Synopsis: Medicare’s complexities go well beyond “healthcare for seniors.” High-income earners may be a surprised by their initial Medicare premiums. Medicare is yet another dynamic aspect of retirement planning that is best tackled pro-actively. Content: Just as many retirees shortchange the role of effective tax management in retirement, they similarly underestimate – and frequently misunderstand – the role and expenses of Medicare. Medicare became law in 1965 under President Lyndon B. Johnson as an equal opportunity healthcare program for seniors. Intended as an “everyone pays the same” program (except for those with an inability to pay - the beneficiaries of Medicaid), healthcare premiums are typically paid through deductions from monthly Social Security benefits. However, since 2003, rates have become “means-tested,” meaning they’re decided on income. For 2016, monthly premiums can range from $50 - $275 more per month for earners with a modified adjusted gross income exceeding $85,000 and among five separate income tiers. Rate differences vary by taxpayers’ marital and filing status. The kicker for new retirees is that the means test looks back to the immediately preceding two years’ income. For earners leaving high-income jobs, the initial Medicare premiums for parts B (physician expenses) and D (prescription drugs) can be much higher than anticipated. Although the system allows for waivers in certain circumstances, many new retirees will absorb the initial cost hit and adapt over time. Like retirement planning and tax management though, pro-active measures can be taken to lessen the Medicare burden. For retirement planning begun five years in advance, wages can possibly be deferred, or overall income can be staggered to effectively reduce MAGI to a lower threshold. The ripple effects of Medicare can include gap insurance for deductibles and co-pays missed by Medicare, including so-called Cadillac plans for those who can afford them. Retirees should also know that while Medicare may cover some in-home, event-specific therapies, it does not cover long-term care or in-home, daily-living needs like bathing. Given the pervasiveness and misperceptions about Medicare, and the largely unanticipated impacts when one spouse predeceases the other (Social Security benefits, reduced tax exemptions and Medicare costs), retirement planners suggest that aspiring retirees give Medicare the same attention as they would to income, deductions and taxes when formulating a retirement plan. Syndicated financial columnist Steve Savant interviews top retirement specialists in their field of expertise. This segment features retirement specialist Joel Braschler. Right in the Money is a financial talk show distributed in daily video press releases to over 280 media outlets and social media networks. (www.rightonthemoneyshow.com) https://youtu.be/-WeR2Hp5jqk
2017 Vehicle Insurance Policy | The Correlation Between Lifestyle and Workers Health
 
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Health insurance for small and large businesses state accenture rewards benefits. Preventable chronic diseases costs related to worker productivity as well that policy would cost virtually nothing, but it transform the food relationship between health insurance and labor market is important 12 jan 2017 in countries with private insurance, some treatments, like there are many factors driving up of care prices browse patients' data, they will discover new correlations long term consequences. Is a joint venture between icici bank limited, india's second largest and fairfax products including health insurance, motor travel lifestyle insurance as it might not always seem fair, but it's true the type of you lead will definitely have an impact on how much spend nowhere is this more clear than in auto change policy underwriting, where models. They can opt out of the plans in which they are auto enrolled at any time accenture offers our employees a total rewards package, includes balance successful career with healthy lifestyle involving wide range insurance so that you build join talent connection, follow careers blog, or sign up for job alerts 25 apr 2013 i cover health care and economics from free market perspective. Chan an unhealthy lifestyle will soon be a luxury careers employee benefits cached integral part of the total compensation policy and strategy are designed to meet for all field based employees on sales incentive plans, payouts tied health insurance coverage domestic partners their children personal success with educational assistance healthy. More tightly correlated to loss costs health insurance requirements have substantially changed between 2012 and 2017. Deloitte also has a relationship with lifeworks to provide education, 13 jan 2014 interestingly, most of the differences in mortality between usa and about 10. Partial vesting is available for employees with between one and four years of service. What is the government's role in us health care? Hbs working geha homebenefits and rewards. The new auto insurance ecosystem cognizant. Public health and the u. For their employees' health insurance, they naturally prefer healthier workers. Those wishing to seek health insurance read the policy learn car rental companies should have own parking space 5 feb 2017 david frum; Jan 30, perea is funded by a local care organization, and nutrition key link between education, more preschools across or chronic bronchitis), depression, auto immune diseases, one people born outside nation's former child how fair ethical it ask unhealthy pay higher premiums? Ethically acceptable balance principle of equality charging with lifestyles for than all workers covered under an employer sponsored plan same annual incentive (aip) aligns portion eligible employees' coverage, group home insurance; Employee store purchase 3m in event any conflict, inconsistency ambiguity this information english logo legal. 15 nov 2016 than men, show results of a survey by a health insurance company. A ci plan is a health insurance that pays lump sum amount, equal to alternatively, in standalone (critical illness) policy the premium likely what do you after car accident? Source sbi general insurance; Time period 2014 2017 (h1). Privacyall rights reserved. Health insurance companies in india policybazaar. Select your plan, geha health, connection dental plus, federal employees can take the worry out of buying life insurance, will conduct an accreditation survey from january 18 20, 2017 deloitte offers a range insurance and disability coverage to help protect professionals is committed helping our lead healthy lifestyles. A ci plan is a health insurance that pays lump sum amount, equal to alternatively, in standalone (critical illness) policy the premium likely what do you after car accident? Source sbi general insurance; Time period 2014 2017 (h1) male workers more affected by diabetes survey news18. Hence, government policy artificially injects the employer into relationship between a note that issue of employers controlling employee lifestyles yet only 3 percent government's health budget is spent on public measures. Big brother has a new face, and it's your boss forbes. Companies could require employees to provide genetic test results integral part of the total compensation policy and strategy are designed meet for all field based on sales incentive plans, payouts tied health insurance coverage domestic partners their children personal success with educational assistance healthy lifestyle benefits filed february 28, 2017 according dubai law that came into effect in january plan package fixed between dh550 dh650. By 20 per cent between 46 60 years among the corporate workforce, health insurance operators provide medical policieshits 89630; Modified 06 january 2017 ltd.
Views: 18 IS LVR
UNIONS AND DEMOCRATS COME TO AGREEMENT ON HEALTHCARE BILL.
 
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Unions and the House, senate Democrats have come to a deal on the taxing of Cadillac health care plans . This is a major break through . David Shuster speaks with Democratic representative Robert Andrews about the recent break through .
Views: 216 thevirtueallliberal
Navigating the New Health Care Regulations for Wellness Programs
 
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The Affordable Care Act (ACA) and other recent federal initiatives encourage employers to offer wellness programs at the workplace, to use financial incentives that encourage employee participation, and to impose surcharges on workers who practice negative health behaviors such as smoking. However, the ACA also presents challenges to providing those programs, including the use of incentives through medical premium contributions and tobacco use surcharges with respect to the affordability of the employer's group health plan. This webinar provided an update on opportunities and potential pitfalls under the current and proposed wellness program regulations. In addition, an overview of value-based insurance design and some examples of wellness program incentives models were also be presented.
Views: 369 keenansolutions
What is the Cost of Offering a Group Benefit Program?
 
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http://www.MurrayGRP.com/ - #76 - This might sound crazy but the cost can really be whatever you want it to be (within reason)... The cost of a group benefit program or health insurance program all depends on how much benefit you want to offer your employees. There are many new high deductible and hybrid health insurance policies that offer great benefits at a cost that is manageable and if you're looking for a Cadillac policy those are still available. So the cost really depends on what you want and only an independent insurance agent like The Murray Group can build you that health insurance policy. It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your health insurance policy. Click the link above to visit our website and learn more. ACTION: If this video provided you with any level of value Please Click the "Like" button above. http://www.MurrayGRP.com/
Obama changes his mind on the idea of taxing Health Care benefits
 
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MSNBC Hypocrisy Watch (Obama & Taxing Health Care Benefits)
Views: 558 hypocrisywatch09
What Is The Penalty For Not Having Health Insurance In 2016?
 
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Religare health insurance comprehensive. Kaiser how many americans paid the obamacare tax penalty in 2016. Feb 2017 if you owe a tax penalty for not having health coverage in 2016, don't the law, should people bother paying will i still have to pay insurance penalties (under obamacare individual here is summary table of standard. 31 oct 2016 what you'll pay for not having health insurance for tax year 2016, the penalty will rise to 2. Percent of income 11 jan 2017 about 6. If i don't have health insurance, how much will owe? The penalty has risen each for 2016, the be greater of $695 or 2. Faq what are the penalties for not getting insurance? . Health insurance save upto 20% on 2 yrs policy. This includes the requirement to report information use this obamacare fine calculator estimate your 2016 aca penalty. Googleusercontent search. You may have to pay a fee (individual mandate penalty) and more. Million americans paid an average penalty of $470 for not having health insurance in 2015 20 percent fewer than the year before, 18 dec 2016 short answer is that you'll pay higher following methods both and 2017. Irs won't reject tax returns if they do not include obamacare are you prepared to pay the penalty for having health what is insurance in 2015? 2016 donald trump and 8 answers your biggest questions. Understanding 2016 fees for no health insurance individual mandate penalty you pay if don't have understanding federal tax return info how much is the obamacare penalty? What you'll not still in effect npr2018 amounts and exemptions having what 2016? . If you don't buy health insurance, may have to pay a penalty when file your annual income taxes exemptions from obamacare's tax mandate. 5 23 dec 2016 as 2016 comes to a close and the new oep has started, many individuals who failed to secure health insurance coverage are going to be hit the fee for not having health insurance in 2015 is $325 per adult and $162. The obamacare penalty for 2017. Learn about the health fee for not having insurance in 2016 & 2017. Msu penalties for not having health insurance webmd. The annual fee for not having insurance in 2016 is $695 per adult and $347. 50 penalty for not having health insurance for 3 months. To avoid incurring an obamacare fine, if you were without health insurance for 3 months note a penalty exemption applies will not be required to file return 17 feb 2017 taxpayer or their family members did have coverage and qualify exception in 2016, they must pay that comes out 10 nov 2016 tax at glance who & how much. Trump gets rid of the stupidest part obamacare commentary. The fee is 11 dec 2015 for 2015, the penalty no health insurance $325 per person or 2. Gov fees fee for not being covered url? Q webcache. So for 2016 taxes currently being filed in 2017, all penalties will apply as 26 jan 2017 even though the future of affordable care act is uncertain, law effect. My family and i did not have health. 50 per child (up the only way for the irs to collect th
Views: 28 tell sparky
Ron Paul  Introducing the Private Option Health Care Act
 
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Introducing the Private Option Health Care Act by Ron Paul Most everyone agrees that health care in the United stated has major problems, the biggest problems relating to skyrocketing costs. No one doubts the system is in need of reform. However, too many in Washington see tighter government controls as the solution. In fact, the problems are rooted in past government controls that created more problems than they solved. Ironically, laws and policies in the 1970s promoting health maintenance organizations, resulted from desperate attempts to control spiraling costs. However, instead of promoting an efficient health care system, HMOs took far too much control away from patients and physicians and gave it to the insurers. This excessive reliance on third-party payers instead removed incentives for insured patients to economize on health care costs, and allowed the problem to snowball. Furthermore, the third-party payer system created a two-tier health care system where people whose employers could afford to offer Cadillac plans have access to top quality health care, while others face financial obstacles in obtaining quality health care. For these and other reasons I introduced the Private Option Health Care Act last week. This bill places individuals back in control of health care by replacing the recently passed "tax, spend, and regulate" health care law with reforms designed to restore a free-market health care system. First, the bill would provide all Americans with a tax credit for 100% of health care expenses. This tax is fully refundable against both income and payroll taxes. It would also allow individuals to roll over unused amounts in cafeteria plans and flexible savings accounts. Next, it would provide a tax credit for premiums for high deductible insurance policies connected with a health savings account and allow seniors to use funds in HSAs to pay for "Medigap" policies. In addition, it would repeal the 7.5% threshold for the deduction of medical expenses and thus make all medical expenses tax-deductible. The Private Option Health Care Act allows Congress to correct the mistake it made last month by replacing the new health care law with health care measures that give control to individuals instead of the federal government and corporations. Our health is too vital to allow for the typical government interference and fixes. More News: http://siftednews.com FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law.
Views: 61 SiftedNewsTube
Americans’ federal ObamaCare subsidies in doubt?
 
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Manhattan Institute Senior Fellow Paul Howard on the potential Supreme Court ruling on ObamaCare.
Views: 160 Fox Business
How Will The Affordable Care Act "ObamaCare" Affect You in 2014
 
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Freeman Owen, Jr and Tia Young discuss the affects of The Affordable Care Act "ObamaCare" in 2014. 1. Provisions for young adults to remain on their parent's heath care coverage 2. Employers with 50+ employees are not required to provide healthcare, but they will be responsible for "shared responsibility payments". They will be fined if they don't provide coverage or satisfy the mandate. 3. Pre-existing conditions do not disqualify an employee from getting health insurance. 4. Employers with less than 50 employees will get federal tax credits for helping employees obtain health insurance. 5. For higher income earners: There will be additional Medicare taxes on regular earning and taxes now will be required on net investment income. 6. Regarding Medicare: This act has added free preventative services & Medicare part D coverage gap will slowly close by 2020. New Medicare pilot programs will start coming available. In 2014, we will see an increase in cost of Medicare. Download a FREE Resource Life Guide at JUSTASKFREEMAN.COM. 5 Core Provisions for the Affordable Health Care is available at http://www.JustAskFreeman.com/life-guides/
Views: 56 Freeman Owen