TelePay Insurance

Healthcare Deals – Reshaping the Landscape

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The health-care industry is in the throes of a major shake-up and is creating a situation in which companies face a greater risk by standing pat than possibly overpaying for an acquisition. Amazon.com Inc., Berkshire Hathaway and JPMorgan Chase have all announced in January that they would start their own nonprofit company aimed at lowering medical costs for their employees. Separately, The Wall Street Journal reported that Amazon has designs on expanding its hospital-supplier business. Historic...
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TelePay Insurance

Health Care Tops Americans' Worries for Third Year

Health care is the issue Americans worry about the most, topping the economy as the public's primary concern for the third year in a row. More than half of adults – 55 percent – in a new National Gallup Survey say they worry "a great deal" about the availability and affordability of health care, while nearly a quarter say they say they worry a fair amount. Significant health care concern has registered above a majority each year since Gallup began asking the question in 2001 – the only such issu...
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TelePay Insurance

Can Healthcare Be Fixed?

Even though the U.S. economy appears to be doing well, Americans are concerned about what Congress will be doing in the next six months about the ACA. The Current State The ACA has single handedly tripled the overall cost of health care since it was signed into law. Insurance premiums and deductibles have skyrocketed. Even though the number of insured individuals is higher, the total percentage of insured cost is down by about half since 2010. Insurance failures are rampant, and very few insurer...
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TelePay Insurance

Will Small Biz ACA Problems Be Saved by Association Health Plans?

Out of 75 Major Concerns, Small Business Owners Rank Health Insurance Costs as the Number One Problem They Face Between 2008 and 2015, the proportion of employers with fewer than 10 employees providing health insurance dropped by over one-third while the proportion of employers with 10 to 24 employees dropped by a quarter. Why have small business been hit so hard? Because they lack the economies of scale enjoyed by big firms that can negotiate lower prices from insurers. Also, they do no have en...
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TelePay Insurance

Where The ACA Is Likely Headed

The tax-reform provision repealing the penalty on those who refuse to participate in ACA has freed millions of Americans to escape a system that exploits them. But while Americans can escape ACA, they still can’t buy insurance in the individual market independent of ACA because private insurers are prohibited from selling it. If this prohibition can be removed through the granting of state waivers by the Department of Health and Human Services, or by the passage of a new federal statute, A...
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TelePay Insurance

Update: Life Support for the ACA

This week (3-20-18) the ACA bill is again up for spending review and is also in a tussle with health insurers. The administration may pad the omnibus spending bill with enough cash to preserve the law through the 2020 election but there are no assurances of a fix anytime soon. Congress is debating how to handle cost-sharing reductions (payments to insurers for defraying out-of-pocket costs or deductibles for low-income individuals). These payments were stopped last year; now Washington is seekin...
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TelePay Insurance

Healthcare – ACA Update

The Administration voted on 2-20-18 to allow health insurers to sell lower-cost, less-comprehensive medical plans as an alternative to those required under the ACA program.   Insurers would have to make clear that the plans, which could last for less than 12 months, would be liberated from the ACA’s benefit and other mandates. The proposed regulations would: Allow insurers to sell individual consumers "short-term" policies that can last up to 12 months, have fewer benefits, and come with l...
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TelePay Insurance

ACA Reporting Requirements Still in Effect for 2018

At The Close of 2017, The ACA Stands& The IRS Supports Existing Systems to Fully Enforce It Efforts of Congress to repeal the ACA don’t yet affect the IRS’ stance will support the law until the repeal is resolved.  The result is that all affected employers must file 1095-C reporting forms and provide copies to employees by the IRS deadlines, or face the consequences. Employer Deadlines Schedule Employers Must Meet For Tax-filing: February 28, 2018 — paper-filing deadline NEW DEAD...
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TelePay Insurance

Dealing With Harassment? Discrimination? Wage Theft?

How Can Employees Get Justice With Mandatory Arbitration? How closely did you read the packet of paperwork on your first day of work? Or the contract that came with your cellphone? Chances are good that you unknowingly signed away your access to the courts. Arbitration clauses have become a fixture in American life. You can barely apply for a credit card, put a loved one in a nursing home or rent a car without having to agree to arbitrate all potential legal claims instead of taking them to cour...
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TelePay Insurance

Hospitality Providers Must View New Cal/OSHA Hotel Housekeeping Musculoskeletal Injury Prevention Regulation

Hospitality Providers Must View New Cal/OSHA Hotel Housekeeping Musculoskeletal Injury Prevention Regulation In January the Cal/OSHA Standards Board approved a new regulation that requires hotels and other lodging establishments (such as resorts and bed and breakfast inns) to implement new rules to protect employees who perform housekeeping tasks from any "musculoskeletal injury." A new General Industry Safety Order –" Hotel Housekeeping Musculoskeletal Injury Prevention "  – is intended to...
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