TelePay Insurance

Two Perspectives of Health Plans with Fewer Mandated Benefits

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Last week, the administration issued a rule allowing access to health plans that don't meet certain requirements of the ACA. These products—which don't have to offer the comprehensive benefits that ACA plans do—will be available to small businesses and the self-employed. And Mr. Trump is expected next to lift limits on the duration of short-term in...
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TelePay Insurance

Health Coverage at Work? Lawsuit Against ACA Could Affect You, Too

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Millions of people who get health insurance through their job could face waiting periods for coverage or find that specific medical conditions aren't immediately covered if the courts back a request by the Trump administration to toss key provisions of the ACA ( The provisions targeted by the Justice Department include the bans on insurers denying ...
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TelePay Insurance

What Latest Health-Law Case Means for Insurance Markets

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Uncertainty of Plans, Prices for 2019 - Longer Term - New Winners & Losers Consumers and insurers face new uncertainty with the Justice Department's assertion this week that key provisions of the Affordable Care Act are invalid. In a brief ( see Justice Department below ) filed on 6-7-18, the Justice Department asked a federal court to unwind t...
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TelePay Insurance

Administration’s ACA Stance Could Cause Problems

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The insurance industry trade group America's Health Insurance Plans warned that eliminating ACA's major protections would be "destabilizing" to the market and drive premiums even higher. AHIP signaled it will file an amicus brief in the case, officially siding with a group of states that have stepped in to defend the law's constitutionality. The ad...
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TelePay Insurance

The ACA Fix for Mom & Pop

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The Affordable Care Act was supposed to be a boon to small businesses and the 59 million Americans they employ. It hasn't worked out that way. In the past few years the ACA outlawed basic insurance plans and required businesses with 50 or more full-time workers to provide gold-plated coverage they didn't need. Almost immediately, companies began re...
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TelePay Insurance

Considering Insurance 1/2 the Cost of the ACA

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According to some concerned parties, the existing ACA is in a "death spiral" because of fewer enrollees, more dropouts and higher premiums (huge increases coming later this year). One-third of the people who enrolled in the ACA in January 2015 dropped out by the end of the year. The data for ensuing years will be worse. New regulations to offer a m...
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TelePayroll

States May Be Required to Safeguard ACA Markets Without Federal Leadership

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Regulation of healthcare remains a complicated issue. States want things their way; insurers demand changes be made to help them provide affordable coverage; and the insured want something to happen that makes sense as soon as possible. While some claim proposed solutions would be a boon for small business, small business advocates and health-care ...
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TelePayroll

Three ACA-Compliance Struggles Midsize Employers Face

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While some ACA rules have changed, the IRS forms relating to them may not yet reflect those changes. Many large employers learned from what they had done wrong in the past, but others still struggle. And many of the 51-employee companies that the federal government classifies as "large" are still having some trouble complying with ACA coverage and ...
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TelePay Insurance

Meanwhile … the Number of Uninsured Americans is Rising

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At the end of last year's prolonged health care battle, many Americans breathed a sigh of relief. Some may have let down their guard too soon.But, the health care battle is far from over. It's shifted from major clashes in Washington, DC, heavily covered by the media, to more obscure battlefields: the states and the offices at the Health and Human ...
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TelePay Insurance

ACA Rate Change Season Upon Us

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State if VA Insurers Forecast Big Price Jumps – Other States In Same Fix Initial filings from several insurers aiming to participate on the state's ACA marketplace in 2019 show double-digit rate hikes. According to Documents Filed with Virginia Regulators: CareFirst Blue Cross Blue Shield is forecasting an average 26.6 percent boost that would affect about 8,400 enrollees. Company subsidiary Group Hospitalization and Medical Services filed rates seeking an average 64.3 percent rate increase for ...
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