TelePay Insurance

Jumps In ACA Sign-Ups Begin In November

Heading into the 2nd week of the ACA’s annual open-enrollment period, early sign-ups and traffic appear strong, report industry and government officials - More than 600,000 people have selected plans through the federal HealthCare.gov website in the initial days. ACA insurers including Highmark Health, CareSource, Independence Blue Cross and Sanford Health Plan said they were seeing significantly increased sign-ups compared with last year’s enrollment period.  Insurers caut...
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Congress Considers Voiding ObamaCare Mandate in New Tax Bill: 11-6-17

As Congress began retooling the tax proposal in pursuit of a final version that can pass a Congressional vote, the House suggested that using their sweeping tax bill to repeal the ACA's individual mandate - through a proposed measure to undo the requirement that Americans must buy health insurance - might be included in the final tax package. The mandate, which imposes a tax penalty on Americans who fail to buy insurance under the ACA, is considered a critical component of the 2010 health care l...
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TelePay Insurance

ACA Mid-Level Premiums May Rise In 2018

ACA mid-level plan premiums could be increasing 34 percenton average next year, according to a recent analysis by a national consulting firm. These mid-level (also known as “Silver”) plans are considered the benchmark plans for people who sign up for ACA health insurance. Premiums for Bronze, Gold, and Platinum plans are anticipated to rise by an average of 18 percent, 16 percent, and 24 percent, respectively, compared to last year. Average State Premium Increases Anticipated: Iowa w...
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TelePay Insurance

E&O Coverage - Vital To Professional Services Companies

When you invest in professional liability E&O coverage, you protect your business and reputation against lawsuits.  Whether real or perceived, Errors & Omissions Insurance (E&O) helps fund legal expenses when you're sued over professional mistakes, work miscalculations or missed deadlines.  E&O insurance is most popular among professional service industries including: Architecture Engineering Information Technology Consulting Legal Medicine Insurance Accounting Since society...
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ACA: Administration's Health Care Order - May Improve Availability & Affordability - But Congress Still Must Act

The Administration's recent executive order, which will expand health-insurance options for individuals battered by rising premiums and fleeing insurers, depends upon others to clear the way. While the executive order represents progress, Congress still needs to act. The President directed three federal departments—Labor, Treasury, and Health and Human Services—to consider ways of providing more flexibility for association health plans, short-term insurance, and health reimbursement arrangements...
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TelePay Insurance

Human Capital Management Trends - End-to-End, Single Source Solution

In early 2017, one third of global employers reported that their workforce turnover increased. And that, in addition, a high percentage of organizations admitted they were having problems keeping key groups of staff – those with critical skills, high potential and the top performers. Furthermore, an even greater number of employers are having issues recruiting these types of employees. These alarming statistics highlight the business challenges the war for talent creates.  But, what is at stake ...
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ACA Directive Expands Sale of Less-Expensive Plans/Fewer Benefits - Will Ease Insurance Rules

The administration plans to sign an executive order Thursday (10-12-17) to initiate the unwinding of the ACA and may advance sweeping changes to health-insurance regulations by instructing agencies to allow the sale of less-comprehensive health plans to expand. Federal agencies will be directed to take actions to provide lower-cost options and foster competition in the individual insurance markets, according to a WSJ interview with senior White House officials. The specific steps included in the...
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TelePay Insurance

White House To Issue Executive Order Expanding Health Care Options

The White House is putting the finishing touches on an executive order that would expand health care options and allow individuals to band together and buy insurance beyond their state lines.  The new options would broaden instructions for agencies to explore loosening regulations and lowering premiums. The order, which is expected to be signed sometime during the 2nd week in October, will be aimed at expanding insurance options for Americans who buy their own coverage or receive it through work...
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Deadline Arrives for Health Insurers to Set 2018 Rates

Florida Update: The ACA plan premiums may increase an average of 45 percent in Florida next year due to health care insurers rate hike requests, according to Florida's Office of Insurance Regulation. Florida has six insurers selling plans on and off the exchanges in 2018 including: Blue Cross and Blue Shield, Celtic Insurance Company, Florida Health Care Plan, Health First Commercial Plans, Health Options, and Molina Healthcare of Florida. Molina Healthcare requested the highest rate i...
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TelePay Insurance

Payroll Technology Enhancements Continue in 2017

Payroll management has modernized significantly over the past few years, thanks in part to innovations such as cloud computing, mobile devices, and new software that allows for better integrating payroll with other HR functions. More Apps Allow Payroll Access Many Apps Managers and employees today want to have access to payroll data from wherever they are—even if they're not at a computer. This has led to the creation of apps allowing both managers and employees easy access to payroll data. The ...
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