- 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.
I’m using this week to alert you of scams that will happen undoubtedly this upcoming 4th quarter. This is a very vulnerable time of the year for the insurance industry […]
As you might suspect, there is an influx of individuals whose coverage will end January 1 that are business owners. Some of these people would be eligible for small group […]
Individual markets are yet to be determined. It was noted second quarter that Medica intended to stay in Iowa’s health insurance market. This, of course, was with a 43% higher […]
Data shows that voluntary benefits have gained popularity across the country as more employees take on the financial responsibility for their health care through high deductible plans. The Midwest is […]