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Healthcare Legislation

Healthcare Legislation (92)

Sunday, 06 December 2015 17:00

2016 Ballot Issue: “State Health Care System”

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Colorado voters will soon decide whether we should be the first state to implement a “single-payer” system, or universal health care for residents. Keep an eye out for Initiative 20, the “State Health Care System”, which was certified recently as having obtained enough signatures to reach the 2016 ballot. What…
Tuesday, 24 November 2015 13:38

2016 Connect For Health Assessment Fees

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In 2013, the Legislature passed a law that allocated federal grants to support Connect for Health Colorado - Colorado’s state insurance exchange. Beginning in 2015, Colorado will be self-sustaining through a Special Assessment Fee which is applied to all health plans in Colorado, including group insurance and partially self-funded arrangements,…
The definition of a “Small Group” in Colorado for insurance purposes has long been considered to be a group employing 50 or less individuals. The Affordable Care Act originally redefined a Small Group as a group with 100 or less individuals, and also proposed implementing a new rating mechanism for…
Employers were warned in 2014 that the ACA came with a new medical billing and coding system. As of October 1st, the United States implemented the tenth revision to the ICD (International Classification for Diseases) codes in an effort to more thoroughly define diseases and injuries. This change will allow…
Monday, 28 September 2015 13:56

A Potential Snag with Opt-Out Credits

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Large employers who offer an opt-out provision, where the employee “opts out” of the company’s benefits plan in exchange for cash or an increase in the employee’s salary, need to be aware of the impact this could potentially have when determining “affordability” under the employer mandate. In 2015, the employer…
Thursday, 23 April 2015 18:00

Impact of the ACA on Businesses

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Since the implementation of the Affordable Care Act, experts have attempted to analyze the cost effects on American employers. While broad generalizations cannot be made since results can vary by state and industry type, the largest differentiator seems to be group size. Larger employers may tell you that the cost…
Thursday, 23 April 2015 09:21

Are You on Pace for a Cadillac Tax?

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While most employers are busy figuring out the Affordable Care Act (ACA) Employer Mandate and the 2015 ACA reporting requirements, there’s an important tax coming down the road in 2018 to plan for now. The “Cadillac Tax” is a 40% excise tax applied to any plan whose premiums exceed certain…
Monday, 30 March 2015 07:30

The End of Transition Relief

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Are your health plans compliant with the Affordable Care Act (ACA)? If you are a small employer that has put off making the switch and have kept your non-compliant plans under “transition relief,” also known as “Grandmothering,” this grace period has come to an end and your next renewal will…
The IRS recently releasedIRS Notice 2015-17 to give more guidance to small employers (less than 50 full time equivalents) who do not offer healthcare coverage, but do reimburse employees for the cost of their premiums when those employees purchase health care coverage on their own. The IRS gave previous guidance…
Thursday, 05 March 2015 11:59

Supreme Court Hears ACA Subsidy Challenge

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In a much watched case, the Supreme Court heard arguments yesterday about a provision that could eliminate the Affordable Care Act (ACA) individual market premium assistance, depending on how it is interpreted by the Court. This would affect the roughly 70% of states who have not established their own exchange;…
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