health insurance

December 23, 2021

Karla Wilson Named 2022 Marketplace Elite Circle of Champions

Karla Wilson, Individual Health and Medicare Product Advisor, by helping at least 100 consumers enroll in Marketplace coverage, has earned her place in the 2022 Marketplace Elite Circle of Champions.
July 25, 2014

Health Care Reform Update

Several lawsuits have been filed by individuals and employers to challenge the ability of the federal government to provide tax credits under the Affordable Care Act (ACA) to individuals in states that did not establish their own Exchanges (that is, in states with federally-facilitated exchanges, or FFEs). These lawsuits were filed in response to an Internal Revenue Service (IRS) rule that authorizes subsidies in all states, including those with FFEs. On July 22, 2014, the D.C. Circuit Court struck down the availability of health insurance subsidies in states with federal Exchanges, while the 4th Circuit Court upheld their availability in all states, including those with federal Exchanges.that authorizes subsidies in all states, including those with FFEs. Click here to view the full article *This information has been provided by Midlands Financial Benefits, Inc.
January 21, 2013

Health Care Reform (ACA)

Some key issues employers should know about health care reform (ACA) and the changes which will occur in the next few months. 1. Which employers are affected most? All employers need to review the changes but large employers who qualify under the large employer – 50 FTE formula must be especially aware. For purposes of the penalties under the employer shared responsibility mandate, full-time is defined as an employee that works an average of 30 hours or more a week. Small businesses with less than 50 FTEs will be exempt from the employer coverage “mandate”. A small employer is eligible for the tax credit if it has between 10 and 24 “full-time equivalent employees” with respect to any taxable year. Small businesses are eligible to receive up to 35 percent of their contributions toward their employees’ health insurance premiums if they contribute at least 50 percent of the total premium cost. 2. What is the large employer 50 FTE formula? […]