Courtesy of Section 125 Plan, FSA, HSA, and HRA AdministrationTwo key items within ACA – the Individual Mandate and the Employer Mandate – require information from employers who offer health coverage to their employees. This information will tell the …
The case, Halbig v Burwell, challenged the Obama administration’s interpretation that subsidies are available in states with a federally facilitated exchange/marketplace. With a 2-1 ruling the Court agreed with Halbig that the wording of the Affordable …
By Anthony Kaylin, courtesy of SBAM Approved Partner ASEAssume the following scenario: ABC Company has 200 full-time employees and 50 temporary employees supplied through a staffing company. Based on the calculations for employee coverage for …
The Affordable Care Act requires that health insurance carriers annually report medical loss ratio. In order to do so for 2014, BCBSM and BCN must know the average number of employees that full-insured groups had …
Article courtesy of Section 125 Plan, FSA, HSA, and HRA AdministrationOn Monday, March 31, 2014, the House and Senate passed legislation that eliminates the maximum annual deductibles allowed for small employer group health plans (currently …
By Ben Cohen, courtesy of SBAM Approved Partner Kushner & Co. Recent guidance in the form of a Memo from the IRS’ Office of the Chief Counsel from February 24, 2014, provided additional direction on the …
The state’s Healthy Michigan Plan (Medicaid expansion) is prepared to begin accepting applications on April 1, ultimately providing healthcare coverage to nearly half a million more Michigan residents.“SBAM supported Medicaid expansion because it makes good …
By Kristi R. Gauthier and Stephanie L. Hicks, courtesy of SBAM Approved Partner Clark Hill PLC Last month, the government released the much-anticipated final regulations for the employer shared responsibility provisions under the Patient Protection and …
By Scott Lyon, SBAMRecently we had a few calls regarding the Employer Mandate, calculating penalties and counting employees. We understand that the employer mandate and many other provisions of the Affordable Care Act are new …
On February 10, 2014, the IRS and U.S. Treasury Department issued final regulations on the employer shared responsibility provisions under PPACA. This article is an overview of some of the highlights of these final regulations …
Article courtesy of SBAM Approved Partner ASEBy: Kristin CifolelliIt is hard to believe that it has been almost fours year since the Affordable Care Act was signed into law in March 2010. If you follow …
Fifty-eight percent of small business owners in a recent Small Business Association of Michigan (SBAM) survey said their company health insurance rates went up this year, compared to just four percent who said that their …
Article courtesy of SBAM Approved Partner ASEBy Anthony KaylinWith Obamacare becoming truly functional, is COBRA necessary? Through the public exchanges, terminated employees will have access to healthcare and quite possibly similar insurance at lower costs. …
From WSJ.com, by By Sarah E. NeedlemanDonna Baker of Adrian, Mich., owns an accounting firm, payroll company and retail store. Her husband, Kim, is the sixth generation owner of a dairy farm.While the four businesses …
Article courtesy of Blue Cross Blue Shield of MichiganThe Blues will continue effort to transition small groups and individuals to reform compliant plans instead of continuing non-compliant plans.Blue Cross Blue Shield of Michigan and Blue …
By Scott Lyon, Senior Vice PresidentEdited to add: Since the below article was initially published, Blue Cross Blue Shield of Michigan and Blue Care Network issued a statement that the Blues will continue the effort …
At the Small Business Association of Michigan, we have promised to keep you up to date and informed on news regarding the Affordable Care Act and its impact on your business and your employees. Yesterday, …
Companies who have fewer than 50 FTE will see a change in the pricing methodology for the employees enrolled in their company sponsored health plan.The first invoice following your 2014 plan and premium renewal will …
