The Affordable Care Act (ACA) has brought about many changes that strongly favor the individual health insurance market. This, in turn, has made employer-funded individual health insurance an optimal health insurance solution for many small employers. This article overviews the four key ACA changes that have caused many small employers to drop their group plan in favor of reimbursing employees’ individual health insurance premiums. 1. Guaranteed-Issue Individual Health Insurance The ACA’s Pre-existing Condition Exclusion (“Guaranteed-Issue”) provision prohibits health insurers from denying coverage to individuals due to a pre-existing condition. This provision, known as “guaranteed issue,” simply means health insurers and employers cannot limit, exclude, or deny coverage to employees based because of a health condition that was present before the effective date of coverage.
With open enrollment for health insurance coverage for 2015 right around the corner, many of the Marketplaces are releasing their approved individual and small employer health plan rates for 2015. This article provides an overview of available health insurance rates for Pennsylvania in 2015.
With open enrollment 2015 coming up in November, small businesses are considering how to offer the best benefits at the most affordable price in 2015. The open enrollment period will run from November 15, 2014 to February 15, 2015. During open enrollment 2015, individuals can purchase a new individual health insurance policy, or switch policies for coverage that better fits their needs. Here are four tips to help small businesses prepare for open enrollment 2015.
There has been a lot of confusion surrounding the Affordable Care Act (ACA’s) employer shared responsibility (ESR) provision, also called the employer mandate. Many employers are wondering about whether the ESR affects their business. According to the U.S. Treasury Department, “approximately 96 percent of employers are small businesses and have fewer than 50 workers and are exempt from the Employer Responsibility Provisions.” Nevertheless, “Will we pay a penalty in 2015 for not offering health insurance?” is a common question among employers. This article will will answer commonly asked questions about the penalty for not offering health insurance in 2015.
With open enrollment for health insurance coverage for 2015 right around the corner, many of the Marketplaces are releasing their approved individual and small employer health plan rates for 2015. This article provides an overview of available health insurance rates for Louisiana in 2015.
With Open Enrollment 2015 coming up, there has been a lot of speculation as to whether this year’s open enrollment season will see enrollment rates as high as last year’s. According to the latest figures from the Department of Health and Human Services, 7.3 million people enrolled in health insurance through the Exchange in 2014. The Congressional Budget Office estimates that 13 million Americans will enroll in health insurance plans on the Exchange in 2015. According to a recent report by The Morning Consult, an increase of 5.7 million may be difficult to achieve as, “the drop in interest in the exchange could present a challenge.” The report analyzed the numbers from The Morning Consult’s September Tracking Poll, which asked registered voters about their thoughts on the health insurance Exchange.
U.S. health insurance costs are rising steadily. To combat growing healthcare costs, employers are adopting account-based health plans (ABHPs) as a strategy to lower the cost of healthcare without reducing coverage for employees. Two popular forms of ABHPs are health savings accounts (HSAs) and health flexible spending accounts (FSAs). This article compares these two types of ABHPs.
With open enrollment for health insurance coverage for 2015 right around the corner, many of the Marketplaces are releasing their approved individual and small employer health plan rates for 2015. This article provides an overview of available health insurance rates for New Mexico in 2015.
Small businesses face unique challenges and concerns when offering healthcare benefits to their employees. According to the 2014 Small Business Health Care Survey conducted by the National Small Business Association, cost-mitigation and compliance with the Affordable Care Act are major concerns. Here are the findings from the survey.
As an alternative to group health insurance, small businesses are transitioning their employees to individual health insurance. Here are three ways reimbursing employees’ individual insurance premiums disrupts the small business health insurance industry.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.