COBRA CONUNDRUMS is reprinted from the March, 2014 issue of Health Insurance Underwriter Magazine featuring our very own Robert Meyers.
The COBRA Blog
Part-time and seasonal workers have been an integral part of business for decades. Large retail chains, supermarket chains, restaurant and food chains, and hospitality services all employ large numbers of part-time employees.
COBRA CONUNDRUMS reprinted from the July, 2013 issue of Health Insurance Underwriter Magazine featuring our very own Robert Meyers.
Business owners across the country got some unexpected breathing room last week when the Obama administration announced it would delay implementing the employer mandate under the Affordable Care Act (ACA) until 2015. Technically, you’re still supposed to provide coverage for full-time workers starting January 1, 2014 if you have 50 or more employees. But if you don’t, you won’t be penalized for another year.
Workplace wellness programs used to consist of a few wall posters encouraging healthy behavior or maybe even a gym at the office. But employers are increasingly turning to more incentives and penalties to encourage healthier choices. In fact, according to a recent survey from Fidelity Investments and the National Business Group on Health, almost 90% of employers offer some kind of wellness incentives to their employees.
IRS Announces 2014 Amounts for HSAs, HDHPs, and Out-Of-Pocket Limits
As part of the new regulatory expansion regarding the Health Insurance Portability and Accountability Act (HIPAA), the Department of Health and Human Services’ Office issued its final ruling regarding the modification of the act’s security, privacy, and breach notification requirements. The final rule, which came into effect on March 26, 2013, requires that all employers, vendors, and health care providers become compliant by September 23rd or face significant financial penalties up to $50,000 per violation and $1.5 million for multiple infractions of the same kind.
A recent rule Affordable Care Act (ACA) rule limits the out-of-pocket expenses that group health care plan providers can ask employees to pay.
The changing landscape of health care has many employers redefining their health care management strategies. A growing majority are turning to wellness incentives and penalties to proactively keep their employees healthy. In fact, the number of employers planning to implement wellness programs next year is expected rise considerably according to a forthcoming 2013 health care survey by Aon Hewitt due out in April.
The Health Insurance Exchanges required under the Patient Protection and Affordable Care Act are beginning to show signs of interest among Americans—nearly half—according to the J.D. Power and Associates 2013 Member Health Plan Study released just last week.