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Healthcare Reform

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This information comes courtesy of HR360.com.  Speak to your FNA Representaive today to find out if you are eligible for access to the HR360.com portal and access important information like this.

The IRS has released draft versions of the Forms 1094-B, 1095-B, 1094-C, and 1095-C that employers and insurers will use in early 2018 to report on health coverage offered in the 2017 calendar year. Final versions will be released later.

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You are ainvited to participate in a PrimePay Broker Webinar -  Join PrimePay for their annual Compliance Grab Bag webinar, on August 2nd, where they use a lightning-round approach to communicate the key compliance regulations, deadlines and guidance of the day. They will cover important deadlines and dates and address specific compliance/regulatory items that will include ACA, ERISA, and pre-tax benefit accounts.

PDF icon2SM Click here to download the full pdf document

FNA INSURANCE SERVICES INC Smal2015l

House Republicans Pass AHCA but Path Ahead Remains Unclear

Earlier today, the House of Representatives passed H.R. 1628, the American Health Care Act (AHCA), by a narrow 217 to 213 vote, with the margin largely falling along party lines. (Interestingly, a sizeable number of Republican House members chose not to support the measure as endorsed by President Trump and Speaker Paul Ryan.

AHCA is the Republican legislative vehicle that nullifies and reforms an array of Affordable Care Act provisions (“ACA;” otherwise known as Obamacare).  Although today’s activity means that employers move one step closer to seeing meaningful ACA changes, and this is an undeniably crucial phase for the Republican ACA-repair effort trumpeted by the President -- plan sponsors should note that there’s still a long road ahead before a final bill reaches the President’s desk.  And, many experts note that negotiations with the Senate could still churn new surprises. READ MORE

New York State Caps Health Commissions at 4%

All Accident and Health Insurers Authorized to Write Individual and Small Group Accident and Health Insurance in New York State, Article 43 Corporations and Health Maintenance Organizations Under Insurance Law §§ 3231(e)(1) and 4308(c), the superintendent may modify or disapprove the rate adjustment filing or application if the superintendent finds that the premiums are unreasonable, excessive, inadequate or unfairly discriminatory.
 

 

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What does Withdrawal of the American Health Care Act (“AHCA”) Mean for Employers?

Last week, House Speaker Paul Ryan withdrew the American Health Care Act (AHCA), after GOP leadership determined there were insufficient votes to pass the Bill.  AHCA represented “phase one” of the Trump Administration’s plan to repeal and replace certain aspects of the Affordable Care Act (ACA, or Obamacare).  Although the GOP required only a simple majority to pass the Bill in the House, key blocks of Republicans House members opposed AHCA, ostensibly because it remained “too much” like ACA. READ MORE