Given the availability of Marketplace coverage, is a missed COBRA notice really that big of a deal?
The COBRA Blog
Tags: cobra non-compliance
A long time ago in a galaxy far, far away … insurers and industry experts warned of an impending Affordable Care Act (ACA) death spiral. In my mind, the term “death spiral” conjures up images of the death star while the Star Wars Imperial March song begins playing in my head.
Tags: Health reform
Health Flexible Spending Accounts (FSAs) are subject to COBRA. However, most FSAs are only required to offer COBRA if the account has a positive balance. In other words, the beneficiary has contributed more that he or she has received in reimbursements. If the account is overspent, COBRA does not have to be offered.
Tags: fsa under cobra
In a somewhat expected move, the IRS announced a last-minute extension of the looming deadlines for Forms 1094 and 1095. The extension is good news for employers and insurers still trying to figure out exactly how to report all of the necessary information for 2015.
Tags: aca reporting
Employees losing employer group health coverage may be surprised to learn that selecting a Marketplace or individual plan with an extremely high deductible will render them ineligible to contribute to their Health Savings Account (HSA).
Thus far, the 2016 Marketplace open enrollment season has signaled nothing but stormy seas ahead. In order to receive a federal subsidy to help pay for health insurance, qualifying individuals must purchase health insurance through the federal Marketplace or a state-sponsored exchange. So, what happens when insurers stop offering coverage through the Marketplace?
The very first Affordable Care Act (ACA) reporting deadline is quickly approaching. In fact, individual statements must be sent to employees no later than February 1, 2016.
Tags: aca reporting
Do COBRA obligations exist even if coverage does not end? This seems like a silly question. COBRA, after all, provides continuation under an employer’s plan after a loss of coverage. However, as with most things involving health insurance (think Affordable Care Act), the term “loss of coverage” is more complicated than you may think.
Summer has officially ended. By now, your kids are back in school, your tan is fading and the end of the year will be here before you know it. It is time to play catch-up on ACA reporting.
Telemedicine is catching on. Telemedicine programs continue the integration of technology and medicine. Using a telemedicine program might allow an employee to call, send an email, send pictures via text message or even participate in a video call with a doctor to receive a medical diagnosis or advice.