Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)

Posts Tagged "affordable care act"

18 States Will Delay Employer Choice for Federally-Facilitated SHOPs Until 2016

The U.S. Department of Health and Human Services has released a list of states with a federally-facilitated SHOP (Small Business Health Options Program) which will not be implementing the “employer choice” feature in 2015. “Employer choice” provides employers the option to offer employees a choice of any qualified health plan at a single metal level. […]

Proposed bill to eliminate maximum deductibles for small employer health plans

On April 1, 2014, Congress passed H.R. 4302, the “Protecting Access to Medicare Act of 2014.” Section 213 of the Act would eliminate the maximum deductible cap that health care reform placed on small employer group health insurance plans.  The bill now goes to President Obama, who is expected to pass and sign the bill […]

Employment-Based Orientation Periods Cannot Exceed One Month for Purposes of 90-Day Waiting Period Limit

Proposed Rules Clarify What Constitutes a ‘Reasonable and Bona Fide’ Orientation Period The Affordable Care Act prohibits group health plans from applying any waiting period that exceeds 90 days in plan years beginning on or after January 1, 2014. A waiting period is the period of time that must pass before coverage for an employee […]

ACA Federal Marketplace Online SHOP delayed until November 1, 2013

The Obama Administration has announced that it will delay the implementation of the SHOP (Small Business Health Options Program) until November 1, 2013.  The Marketplace is scheduled to open October 1, 2013 for Individuals and Small Businesses to review healthcare options, but Small Businesses will only be able to review these options via telephone until […]

COMPSolutions Agency Completes SHOP Marketplace Certification

Compensation Solutions (CSI), one of the tri-state area’s leading Human Resource Outsourcing Organizations (HRO), is pleased to announce that the COMPSolutions Agency has completed the Small Business Health Options Program (SHOP) Exchange Certification process. The Certification will enable CSI and its affiliate the COMPSolutions Agency, to work with any state-run health exchange in New York.  […]

Healthcare Reform: Medical Loss Ratio (MLR)

The federal government’s healthcare reform law (The Patient Protection and Affordable Care Act (PPACA) – limits the portion of premium dollars health insurers may spend on administration, marketing, and profits.  The law establishes medical loss ratio (MLR) standards for issuers.  Insurance carriers that fail to meet this ratio must rebate a portion of health insurance […]

Federal SHOP Exchanges Delayed until 2015?

A major provision in the Patient Protection and Affordable Care Act, a/k/a Federal Healthcare Reform Law (the “Law”), was the establishment of what will be known as the Small Business Health Options Program (the “SHOP”).  The SHOPS, which were intended to be operational in all states by 2014, will operate individually in each state with […]

Healthcare Reform Update: Medicaid Expansion and Premium Subsidies

The Affordable Care Act (“ACA”) expands Medicaid eligibility to individuals and families with income up to 133% of the Federal Poverty Level (“FPL”).  Each state has decided to adopt or not adopt the expansion of the Medicaid eligibility.  If a state has adopted the Medicaid eligibility expansion (see below for examples of two States’ decisions), […]

Healthcare Reform Update: Employers – Controlled Groups and Related Entities

The Affordable Care Act (“ACA”) provision also known as Employer Shared Responsibility, mandates that employers who generally employ 50 or more full-time equivalents must offer group health insurance benefits to its full-time employees and their dependents or potentially pay a penalty.  Employers can determine whether they meet the 50 or more full-time equivalent threshold for […]

Additional Medicare Tax

Continuing our discussion about Health Care Reform’s new requirements, the Additional Medicare Tax increase was recently implemented and affected employees may have noticed the change in their paychecks.  Effective January 1, 2013, a Medicare tax increase from 1.45% to 2.35% was applied to the paychecks of employees who are subject to the Medicare tax and […]