Does Obamacare Kill the COBRA snake?

When access to individual insurance without pre-existing condition exclusions became law, many thought this would reduce COBRA continuation coverage post employment. Now that the facts are better known about the value of individual plans including multi-thousand dollar deductibles and annual out of pocket exposure exceeding $6,000 single and $12,000 with dependents, expect COBRA coverage to […]

Payroll Contributions & Age Band Rates

Many benefits professionals recognize that non-discrimination rules for benefits coverage merit an update. Government planners will have a heavy task ahead to develop rules that make sense due to ACA premium rates that increase with age. Basic thinking has always been that more highly compensated employees should be allowed financial benefits coverage no better than […]

Pay or Play? How Business Owners Can Navigate the Affordable Care Act

If you employ fewer than 50 full-time workers including part-time equivalents, there is no penalty for not offering health insurance as a benefit. Some project the “50” threshold will be reduced over time. If you’re a larger employer and do not offer health insurance, think of the $2,000 penalty as the cost of the government […]

Small Business and Obamacare

What are the best practices for small employers to follow with the Affordable Care Act? 1. Make certain everyone knows the real cost of premiums, both monthly and annual. 2. Offer at least two plan options so employees decide whether to spend more on premium or take more risk and spend less out of their […]

HSAs and Obamacare

Concerns were raised that the new health care law would eliminate HSAs. So far, the exact opposite has occurred. HSAs are more popular than ever and projected to more than double in number in the next three years. HSAs are tax advantaged, which call them into question by the IRS as a tax loophole. At […]

Comparing HSAs, FSAs and HRAs

1. HSAs are for long term SAVINGS. The required health insurance has an UPFRONT DEDUCTIBLE meaning there are no flat copays and you will be at out-of-pocket risk for potentially thousands of dollars. Your premium cost is likely thousands less than plans with copays and so do the math. It usually works out that you […]

7 Key Health Insurance Tips to Get the New Year Started Off Right

It’s the beginning of the New Year and the news and information about health care has never been more confusing for more people. Health care expert Jonathan P. Warner provides 7 important and timely health care insurance tips to give you a strong start to your new year. 1.If you have a Health Savings Account […]