IRS Issues NPRMs on Obamacare Large Employer Reporting Requirements

The Treasury Department and the Internal Revenue Service (IRS) last week published two Notices of Proposed Rulemaking (NPRMs) concerning the large-business reporting requirements under the Affordable Care Act (ACA). The IRS made headlines on July 2 when it threw up its hands and said ACA reporting requirements were too cumbersome and confusing to be implemented […]

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Feds’ Super Computer Not Ready for Obamacare Prime Time

A $267-million dollar super-computer system dubbed the "Hub" is finding it hard to incorporate all its Affordable Health Care (ACA) mandates by the time the Health Insurance Marketplaces begin selling policies on Oct. 1. Research by Benz Communications confirms that the "Hub," designed to pull data from seven federal agencies (from the IRS to the […]

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Time Warner, IBM to Move Retirees onto Private Exchanges

Both IBM and Time Warner are transitioning their retirees into private health insurance exchanges, moves announced against the backdrop of the upcoming operation of the Health Insurance Marketplaces created by the Affordable Care Act (ACA). Specifically, the two companies are planning to give retirees subsidies and/or options to purchase Medicare supplements on their own. IBM […]

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Study Probes Cost Structure of Marketplace Health Plans

In about three weeks, the Obamacare Health Insurance Marketplaces will begin servicing individual and small business customers with promises of "affordable care." Avalere Health has completed a study of the policies being offered nationwide and come up with five observations: Consumers will get to choose from four levels of coverage, representing out-of-pocket expenses. A bronze […]

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DOL Issues Another FAQ on Implementation of ACA

The Department of Labor (DOL) yesterday published a new set of Frequently Asked Questions (FAQs) regarding implementation of the Affordable Care Act (ACA), dealing primarily with the upcoming Marketplace Notice of Coverage Options and the 2014 implementation of the 90-day-waiting-period limitation for employer-provided health plans. Significantly, the FAQs clarify that Marketplace Notices issued, for instance, […]

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Obamacare Marketplaces Must Accept Prepaid Debit Cards

According to its Final Regulations released just before the Labor Day holiday weekend, the Department of Health and Human Services (HHS) is requiring insurance companies participating in the Obamacare Marketplaces to accept prepaid debit cards. Insurers also are being required to accept cashier's checks, money orders, paper checks and bank-account transfers, but not cash since most […]

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Another Obamacare Rule Out the Window on Eve of Marketplaces

A rule in the Affordable Care Act (ACA) requiring reporting within one hour of all breaches of protected health information (PHI) during Health Insurance Marketplace activities has been dropped in the final regulations, to be published today in the Federal Register. "Because the one-hour incident response timeline has been included in all the data sharing […]

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IRS Issues Final Regs on Penalties for Not Buying Insurance Under Obamacare

The Internal Revenue Service (IRS) yesterday issued final regulations regarding penalties under the Affordable Care Act (ACA) for those who fail to maintain "minimum essential coverage." Those who fail to maintain minimum essential health insurance coverage in 2014 will pay a fine of $95 or 1 percent of houshold income, whichever is larger. The fine […]

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HHS Delays Approval of Health Insurance Plans to Be Sold by ACA Marketplaces

Citing vague references to technical issues ("providing additional flexibility and time to handle technical requests"), the Department of Health and Human Services (HHS) has delayed approval of the health insurance policies to be sold by the Affordable Care Act (ACA) Marketplaces beginning Oct. 1. Originally slated for Sept. 5-9, the approval/signing process will now take […]

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DOL to Host Affordable Care Act Webcast Aug. 29

The Department of Labor's Employee Benefits Security Administration has announced an upcoming webcast, "The Affordable Care Act: How Will It Affect Me?", scheduled to take place Thursday, Aug. 29 from 1-2 p.m. EDT. EBSA staff will be joined on the webcast by colleagues from the Department of Health and Human Services (HHS). The Department of […]

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