Medicare Prescription Drug Improvement & Modernization Act

The Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA) created a voluntary prescription drug program for Medicare Part D eligible individuals. Under the MMA, group health plans — or entities that offer prescription drug coverage on a group basis to active and retired employees and to Medicare Part D eligible individuals — must […]

Verification of eligibility for exchange coverage subsidies delayed

The Affordable Care Act (ACA) requires each state to have a competitive marketplace, known as an Affordable Health Insurance Exchange (Exchange), for individuals and small businesses to purchase private health insurance. All Exchanges will launch open enrollment in October 2013 with coverage becoming effective as early as Jan. 1, 2014. On July 5, 2013, the […]

Educate Employees on the Importance of Life Insurance

Educate Employees on the Importance of Life Insurance (click here for the full article) Although life insurance is one of the most common employer-provided benefits, many employees do not appreciate its value. As an employer, you are well-positioned to educate employees on the importance of this coverage.   What’s in it for you? Educating employees about […]

White House to Announce a One Year Delay in Implementation of the Pay or Play Rules

Around 3:00 P.M. Pacific Daylight Time, the Department of Treasury posted a bulletin on its blog announcing the White House’s decision to delay the full implementation of the Pay or Play Rules. The Treasury report states that employers and insurers will be exempt from the reporting disclosure requirements on welfare plans and eligibility rules until […]