Previously some insurance companies did not cover these preventive services for women at all under their health plans, while some women had to pay deductibles or copays for the care they needed to stay healthy. The new rules in the health care law requiring coverage of these services take effect at the next renewal date […]
MLR 2011 premium rebate checks have either been sent or will be sent by August 1, 2012. To the clients that United and Florida Blue notified us they were receiving rebates, we have sent an email providing guidance on the distribution of the MLR rebates. However, if you have any questions, please call our office […]
Excerpt from Reuters article by David Morgan before Supreme Court upheld 2010 Patient Protection and Affordable Care Act, June 28, 2012 U.S. health insurance companies are due to pay out $1.1 billion in rebates to employers and individuals this summer, under a new industry regulation imposed by President Barack Obama’s health care law. Rebates are […]
May 18, 2012 by Larry Grudzien, JD The IRS has created a chart that illustrates the types of coverage that employers must report on the Form W-2. Certain items are listed as “optional” based on transition relief provided by Notice 2012-9 (restating and clarifying Notice 2011-28). Future guidance may revise reporting requirements but will not […]
“Healthwatch” blog (5/11), Elise Viebeck reports, “A rule created by the 2010 healthcare law and finalized Friday will yield about $1.3 billion in insurance rebates for nearly 16 million Americans, according to estimates by the Kaiser Family Foundation. The rule know as the medical loss ratio (MLR), mandates that insurers spend roughly 80 percent of […]
As of April 2, 2012, Blue Cross Blue Shield of Florida, Inc. has become Florida Blue. The new name, logo and tagline – “In the pursuit of health” will soon be utilized in signage, sponsorships and advertising.
You will no longer be able to fax in enrollment forms as of June 2012. Aetna has introduced eBusiness for 24 hour turn around times for non-urgent enrollment, changes and/or termination of benefits. You may access the eBusiness tool through Aetna Producer World. Aetna is offering you 3 methods to submit forms: 1. For non-urgent […]
We are celebrating our 20th Anniversay and would like to take this opportunity to thank you for making this possible. Our goal has always been to keep you informed of the latest trends while finding the best value for your insurance dollars. It’s been our priviledge to serve the community since 1992 and we continue […]
Internal Revenue Service Notice 2011-28 provides interim guidance regarding the requirement to report to employees, on their annual Form W-2, the cost of their employer-sponsored group health plan coverage. This reporting requirement is required under Section 6051 (a)(14) of the Internal Revenue Code, which was added to the Code by the Patient Protection and Affordable […]
The Internal Revenue Service has announced the 2012 contribution limits for health savings accounts (HSAs) and cost-sharing amount for HSA-eligible, high-deductible health plans. They are as follows: Annual HSA contribution limits will be $3,100 for individual and $6,250 for family coverage. These limits have increased slighly from 2011 ($3,050 for individual and $6,150 for family). […]