With the advent of the Affordable Care Act, strategic planning for benefit plans has taken on a new level of importance. Yet very few employers have a strategic plan in place for benefits, said Bill Hembree, CEO, Health Research Institute during this weeks Benefits Forum & Expo in Boca Raton, Fla.
Commentary: Health insurance companies, health care professionals, politicians, academics and public health advocates all have opinions about what health care reform in America should look like.
With the Affordable Care Acts employer shared responsibility reporting requirements for 2015 quickly approaching, benefit advisers should already be working with employer clients to implement benefit administration systems to ensure compliance with the law, industry experts say.
Since the onset of the recession, there has been a surge in worker misclassification litigation and enforcement against employers that are trying to effectively manage their finances, but are incorrectly classifying their workforces.
New steps to reduce premiums and make it easier for Americans to enroll in the federally administrated Pre-Existing Condition Insurance Plan risk pool were announced May 31 by the U.S. Department of Health and Human Services.
The Internal Revenue Service has issued interim guidance to employers on the informational reporting requirements on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees.
Currently, more than 12 million people in the United States need some kind of long-term care, with costs ranging from $20/hour for home health care to over $3,000/month for assisted living.