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Showing posts from July, 2015

July 1 Small Employers Face Penalties for Helping Employees Pay Health Premiums/Costs

Beginning Wednesday, July 1st, employers who help employees pay for individual health insurance premiums or assist with healthcare costs outside of small group health coverage could face hundreds of dollars in IRS fines per day.  

Prior to the passage of the Affordable Care Act, with its mandate that all Americans purchase insurance and requirement for businesses to offer employees insurance plans, many small companies provided coverage by directly reimbursing medical costs or for the cost of private insurance plans. Businesses do it because that’s a less complicated process than dealing with an official health insurance plan, but continuing to do so after July 1 could cost them hundreds of dollars in fines each day.
The penalties will only affect businesses with less than 50 employees. Those with more than 50 employees are already required to offer a health insurance plan
Fox News Article

Dave 

Health Net Acquired by Centene | Adios Health Net

Announced this morning that Centene (a Medicaid provider out of St. Louis I've never heard of) has agreed to buy Health Net for stock and cash worth just over $6 billion.  

Let the unraveling continue.   

The deal comes amid a frenzy of merger talks in the health-insurance industry.St. Louis-based Centene, a Medicaid-focused health insurer, expects the deal to boost its presence in California and other western states, while allowing for $150 million a year in synergies in the second year after closing
Centene to buy Health Net

Dave