Blog Entries - tag: 'July 2013'

Health and Wellness Center Opening in Georgetown, KY

Posted on: July 26, 2013 10:00 am
Tags: July 2013, Health / wellness centers

On July 23rd, Toyota Tsusho America, Inc. (TAI) will open a new medical health and wellness center in Georgetown, Kentucky. The new medical health and wellness center is designed to improve the quality of life for TAI employees and dependants who are enrolled in TAI’s health care plan.

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"Employer Mandate" Delayed Until 2015

Posted on: July 17, 2013 11:00 am
Tags: July 2013, Benefits connection

On July 2, 2013, the Treasury Department announced that enforcement of the employer shared responsibility provisions of the Patient Protection and Affordable Care Act (PPACA) will be delayed by one year, until 2015. Compliance with the law’s information reporting provisions will be voluntary for 2014, but strongly encouraged.

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Essential Health Benefits

Posted on: July 17, 2013 11:00 am
Tags: July 2013, Benefits connection

The Department of Health & Human Services (HHS) issued guidance that gave states the responsibility for adopting state-specific Essential Health Benefits (EHB) plans (“state benchmark plans”), on which insurers must base their 2014 product offerings. Fully insured products will not have to exactly match the state benchmark plans and can differ as long as covered benefits remain “substantially equal” and actuarially equivalent to the state EHB package in those states that allow substitution.

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Early Renewal by Carrier

Posted on: July 17, 2013 11:00 am
Tags: July 2013, Benefits connection

Beginning January 1, 2014, due to PPACA regulations, carriers will no longer require medical underwriting by small groups in order to secure coverage. Carriers will be moving to a community rating system, which may have drastic impacts on small business renewals. Many carriers are offering their groups an Early Renewal Option, allowing them to renew December 2013, in order to delay the impact.

 

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Health Insurance Costs to Increase Significantly Under Affordable Care Act

Posted on: June 24, 2013 3:00 pm
Tags: July 2013, Benefits connection

The Ohio Department of Insurance released details of health insurance plans that insurers have submitted for approval to sell on the coming federal insurance exchange for Ohio.  The Department's preliminary analysis of the proposed plans for the individual market reveal that insurers expect the cost to cover health care expenses for consumers will significantly increase. 

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