TelePay Insurance

Important Healthcare Signup Policy

Healthcare.gov to Shut Down for Maintenance During Parts of Enrollment Period There will be a shutdown of healthcare.gov, (the website consumers use to sign up for the Affordable Care Act), for 12 hours on nearly every Sunday of the coming ACA enrollment season. The outages, which the administration says are for maintenance, will occur from midnight through noon on every Sunday other than Dec. 10. This year’s enrollment season, which the administration has shortened to half the length of p...
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Revised Health Push Hits More Snags

Reviving the repeal of the Affordable Care Act: ACA faces a last-ditch attempt to pass legislation striking much of the 2010 health law would set “block grants” of federal funding for each state to use for health care, including the Medicaid program for the poor. The revised text of the bill gives states broad authority to make changes to coverage mandated under the ACA, and they no longer must seek a waiver to roll back some of those requirements, which was in the earlier text of th...
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TelePay Insurance

‘Last-Ditch’ Bill To Repeal the ACA Healthcare

Legislation on Wednesday, 9-13-17 to repeal and replace major portions of the ACA with a system of block grants, is submitted as a first step towards making good on a seven-year House promise. The bill is suggested as a good chance to advance the replace and repeal effort. The bill would replace ACA's Medicaid expansion, subsidies for private insurance companies (cost-sharing reductions) and tax-credits for middle-income Americans with block grants. The new funding mechanism would start in 2020 ...
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TelePay Insurance

An ACA Single-Payer Health Plan Under Consideration As Another Option

On 9-13-17 a single-payer health bill was proposed designed to embrace a bigger government role in health care.  Single-payer refers to a government-run health insurance system, though details can vary.  the bill would create a national Medicare-like insurance system and eliminate most out-of-pocket costs for individuals. The surge in support rests on several factors including a rise in populist sentiment and a growing acceptance of the 2010 ACA’s principle that the government should provi...
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TelePay Insurance

Predictive Modeling & Small Commercial Insurance Risk Assessment

Predictive modeling is effective as a risk assessment tool in personal insurance, but acceptance in commercial insurance has been relatively slow, even for small commercial. When an insurance carrier hesitates to integrate predictive modeling, it’s usually results from a lack of resources or understanding about how to build an effective model. Predictive modeling is still a mystery, causing many organizations  wondering how to introduce and integrate it into their business operations.  Rat...
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TelePay Insurance

Health Policy Update

Nov. 1, 2017 - ACA Open-enrollment Period Approaches As of March 2017, about 10.3 million people signed up and paid for coverage on the ACA exchanges. The next enrollment period begins Nov. 1, 2017 and lasts 45 days.  HHS officials said there is no evidence the ads have boosted enrollment in the past. About 10.3 million people signed up and paid for coverage as of March 2017, down from 10.8 million in March 2016.  Recent decisions are to eliminate $116 million from outreach programs aimed at sig...
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Necessities & Health Care - Where U.S. Consumers Spend Their Money

Consumers spend most of their money on necessities, especially housing and health care.  The brick-and-mortar retail industry is in crisis. For many old-line retailers, sales and market share are plunging fast. The reality is more mundane: We are spending a smaller portion of our budget at the mall, but the money we’re saving is mostly going for the most expensive health care in the universe.  View Chart: Where The Money Goes: You might be shocked to learn that retail spending hit a record...
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TelePayroll 401 Retirement Plan Series

Retirement Planning - Getting  Through the Maze Starting a retirement savings plan can be easier than most business owners think. What’s more, there are a number of retirement programs that provide tax advantages to both employers and employees. By starting a retirement savings plan, you help your employees save for the future. In addition, retirement plans may also help you attract and retain qualified employees.  They also offer tax savings to your business. And, you'll help secure your ...
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An Analysis of The Physician Perspective On Single-Payer Health Care System

Single-payer health care is a controversial idea in the U.S., but a majority of physicians now support it, new survey finds.  Fifty-six percent of doctors registered either strong support or were somewhat supportive of a single-payer health system, according to a Merritt Hawkins.  In its 2008 survey, opinions ran the opposite way — 58 percent opposed single-payer survey. What's changed? Red tape.  Doctors tell Merritt Hawkins, physician consulting firm, that based on thousands of conversati...
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ACA Federal Pay Cost-Sharing Analysis

Recent debate over federal payments to insurers under the (ACA) related to cost-sharing reductions for low-income enrollees in the ACA’s marketplaces is alive and well. The ACA requires insurers to offer plans with reduced patient cost-sharing (e.g., deductibles and co-pays) to marketplace enrollees with incomes 100-250% of the poverty level. The reduced cost-sharing is only available in silver-level plans, and the premiums are the same as standard silver plans. To compensate for the added...
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