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July 2014

Greetings! 
Is your firm prepared for new fees associated with Health Reform? Contact us to get your firm on track. Willwerth, Caven & Associates can help your firm expand into 2014 and beyond.  

Reminder about fee due date, HRAs

 

July 31 is fast approaching, and with it, the due date of the first payment for the Comparative Effectiveness Research fee to fund the Patient-Centered Outcomes Research Institute. This fee is part of the Affordable Care Act (ACA or health care reform law) and funds research on the effectiveness, risks and benefits of medical treatments through the Patient-Centered Outcomes Research Institute.

As a reminder, health reimbursement accounts (HRAs) are considered a self-funded arrangement, so customers who fund HRAs for their workers need to calculate and pay the fee for the HRA portion of the arrangement. We will pay the fee for the insured business. The IRS does not allow us to pay the fee for self-funded clients or arrangements. Our standard membership report to customers has the information needed to do the calculation for the fee. Customers should talk to their tax or legal advisers if they have specific questions about calculating and paying this fee. Read More


Doctors are skeptical and confused about Obamacare, survey finds

 

The doctor is . . . skeptical about the Affordable Care Act. And clueless, too.

A new survey shows that an overwhelming percentage of physicians don't believe that their states' new health insurance exchanges will meet the Oct. 1 deadline for those key Obamacare marketplaces to begin enrolling the uninsured.

Just 11 percent of doctors believe those exchanges will be open for business that day. Read More


PPACA hasn't killed COBRA - yet

Beginning Jan. 1, individuals who lose employer-provided coverage will have the choice of either purchasing COBRA coverage, or purchasing coverage through the exchanges. While COBRA only allows people to elect the coverage in which they were enrolled on the date they lost their job, the exchanges are meant to offer a range of options and coverage levels.

The premium subsidies that will be available to individuals with household incomes up to 400 percent of the federal poverty level also are expected to make purchasing coverage through an exchange more attractive than paying for insurance through COBRA.

But COBRA isn't going to disappear overnight, if ever. Read More

 

 

Denise M. Caven  
Willwerth, Caven & Associates, Inc.
Employee Benefit Solutions