Health Insurance Industry Outlook – June 2016

The overriding issues for the health insurance industry pertain to the regulatory, financial and competitive challenges brought about by the Health Care Reform Act, more popularly known as Obamacare. Having faced limited government interference in their operations prior to 2010, health insurers were totally autonomous in dealing with questions of coverage, pre-existing conditions and handling…

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ACA’s Affordability Contribution Percentage Increased for 2017

On April 12, 2016, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-24 to index the contribution percentages in 2017 for purposes of determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2017, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only…

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Overview of ACA Changes

ACA Changes The Affordable Care Act (ACA) has brought significant changes to the health care industry. Below are some of the main trends that have resulted from the ACA over the past few years: Employer Coverage Despite initial concerns that many employers would drop health coverage as a result of the ACA, most companies have…

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