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Workshop: What Businesses Should Know About Healthcare Reform September 12, 2013

Breakfast with BCI presents Workshop: What Businesses Should Know about Healthcare Reform Description: The Affordable Care Act is bringing significant changes to how American businesses and citizens access and pay for h...

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A Limit on Consumer Costs is Delayed in Health Care Law

August 13 2013 By ROBERT PEAR New York Times WASHINGTON - In another setback for President Obama's health care initiative, the administration has delayed until 2015 a significant consumer protection in the law that limits h...

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Obamacare and His Claim of $500 Million In Rebates

The White House continues to talk about the success of the Affordable Care Act aka Obamacare.  I think it was said that $500 million in rebates were awarded to 8.5 million Americans.  And it was said that that saves you Money.  Well I must beg to dif...

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Obama is Not Clowning Around; Or is He?

This week started out with someone being banned from the rodeo in Missouri for wearing a mask that resembles the face of President Obama.  If it was a mask of anyone else, like we have seen in the past, we would have never heard about it, outside of ...

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Another Carrier Leaving The Individual Market

Independence Holding  Company (IHC) announced it was leaving the individual health Insurance market.  That makes 15 carriers that have left the market since the passage of the Affordable Care Act.  Some of the more notable carriers that have left the...

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In the Shadows of Auto Insurance

If you take a look at your insurance policy or Auto Insurance ID cards, you may notice that the "issuing insurer" name may be vastly different from the brand name you recognize as your insurance carrier.  Do not fear, you're still covered by the name...

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Celtic Insurance Stops Taking Applications

Celtic Insurance company has stopped taking applications on the individual market until the October 1, beginning of the Affordable Care Act’s open enrollment.  Celtic was formed in Chicago in 1978.  In 2008, Celtic was acquired my Centene Corporation...

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Delays Plague Healthcare Reform

With less than 60 days before open enrollment is scheduled to begin, the implementation of the Affordable Care Act or ACA continues to be plagued with delays.  While delays and government seem to go hand in hand, the ACA implementation slowdown is ra...

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Infographic: Understanding the Individual Health Insurance Tax Subsidies

Infographic: Understanding the Individual Health Insurance Tax Subsidies

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HIPAA 5010 and ICD-10

Summary The Administrative Simplification provision of the Patient Protection and Affordable Care Act of 2010 (the Act) requires covered entities – health plans, health care clearinghouses and providers – to upgrade to new standards in electroni...

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Small Business Tax Credit

Summary Certain small businesses that offer health benefits are now eligible for health care tax credits. These vary depending on the tax-exempt status of the organization and employer contribution toward health benefits. Eligible employ...

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Pre-Existing Conditions - Healthcare Reform

Summary Beginning Sept. 23, 2010, group health plans cannot exclude enrollees (employees, spouses or dependents) under age 19 based on pre-existing conditions. For other plans, all pre-existing condition exclusions must be removed beginning in 201...

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Dependent (Adult Child) Coverage

Summary Plans that provide coverage for dependents are required to extend the coverage of dependents (adult children) to age 26, regardless of their eligibility for other insurance coverage, effective Sept. 23, 2010. Plans must provide coverage to...

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Annual Limits on Health Insurance

Summary The provision restricts annual limits on the dollar value of Essential Health Benefits . Annual limits may not be less than the following amounts. For plan years beginning before Jan. 1, 2014: $750,000 on or after Sept. 23, 2...

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FSA/HSA/HRA Changes

Summary Beginning Jan. 1, 2011, over-the-counter (OTC) medications are no longer eligible for reimbursement from a Flexible Spending Account (FSA), Health Savings Account (HSA), or Health Reimbursement Account (HRA) unless obtained with a prescrip...

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Taxes and Fees - Healthcare Reform

Review Taxes and Fees - Healthcare Reform

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Health Benefit Exchanges

Summary The Patient Protection and Affordable Care Act (PPACA) requires each state to establish an American Health Benefit Exchange (including a Small business Health Options Program (SHOP) exchange), by Jan. 1, 2014. In 2014-2016, only individuals a...

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Individual Mandate

Summary Beginning in 2014, the health reform law requires most individuals to have health insurance for themselves and their spouses or dependents. The requirement is for each individual to have MEC or pay a potential penalty for noncompliance. Co...

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Medicare Part D Drug Coverage

Summary The Patient Protection and Affordability Act addresses the gap in coverage Medicare Part D enrollees experience when they exceed the initial coverage limit of $2,840. Prior to 2011, most* Medicare Part D enrollees were required to pay 100 ...

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Essential Health Benefits

Summary The Act defines certain categories of benefits as "Essential Health Benefits." The categories of essential health benefits are: Ambulatory patient services Emergency services Hospitalization Maternity and new...

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