- A summary of benefits, which began in September 2012, should be received by each employee at the time of renewal, new hire or any changes in the health plan.
- The waiting period for a new hire cannot be greater than 90 days beginning January 1, 2014.
- Insurance companies cannot deny coverage due to pre-existing conditions.
- There is an exchange and subsidy notice to employees that must provide written notice of exchange and subsidies – proposed in fall 2013.
- FSA (flexible spending accounts) will be capped at $2,500.
- Employers are required to report the premium cost of the health insurance on the W-2s effective in the 2012 tax year.
Whether you are on an individual plan or a group plan, if you opt for a high-deductible which could save you premium dollars and could offer you personal tax savings […]
Short Term Medical plans with lengths of 90 days will not longer be available in Iowa. This change applies to all carriers including United Healthcare and National General. If you […]
Individuals may no longer enroll in individual and family health insurance until the next Open Enrollment Period, unless you would have a life event that qualifies for a Special Enrollment […]
Open Enrollment for Medicare Advantage plans runs from January 1, 2020 up through March 31, 2020, for effective dates of February 1st to April 1st. Open Enrollment Period (OEP) is […]