Posts
Congratulation employers! You have just graduated from the school of hard knocks for medical benefit coverage for your team! Ladies and gentlemen, tonight we are celebrating the significant accomplishments healthcare coverage, while keeping your books in the black. In the past we have had many…adventures. We have lived. We have learned. But now, different things…
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We are doing a network system update over Memorial Day weekend and our systems will be down for maintenance from Thursday May 26th at 5:00 pm MST until 8:00am Tuesday May 31 MST, 2016. If you need more details please do not hesitate to call. You can reach us during regular business hours through Thursday…
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HHS has released its Notice of Benefit and Payment Parameters for 2017; Final Rule. The benefit and payment parameter for 2017 final rule will begin for plan years beginning on, or after, January 1, 2017. Annual Limitation on Cost Sharing: The 2017 maximum annual limitation on cost sharing is $7,150 for individual coverage and $14,300…
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MBA is on the move! We are moving to new facilities to allow for our growth. Please be AWARE that we will be moving our offices and we will close from 3:00pm (MST) Thursday, February 25, 2016 and will re-open Tuesday, March 1st, 2016 at 8:00am (MST). Limited services may be available Monday February 29…
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Staying in the know is a crucial component to running a successful business. Last week the U.S. Treasury and the IRS announced an ACA reporting requirements extension for distributing information to employees. While the IRS is prepared to receive documentation of health coverage by employers, because of feedback from businesses, the required deadlines to report…
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Sometimes history provides the best perspective and subsequently solutions to life’s most challenging problems, for example runaway healthcare costs. Read on to learn a history lesson on the beginning of PPO networks and how the disconnect between medical services and the cost of service were born. The future is best planned for by looking in…
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It’s all about taxes. According to the Affordable Care Act of 2010, requiring the purchase of a product is illegal, but mandating a tax for not purchasing that product is legal. At this point, as a business owner, insurance broker, or HR professional, you have weathered the first season of regulations that have come, but…
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It’s all about taxes. According to the Affordable Care Act of 2010, requiring the purchase of a product is illegal, but mandating a tax for not purchasing that product is legal. At this point, as a business owner, insurance broker, or HR professional, you have weathered the first season of regulations that have come, but…
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What is the purpose of the Cadillac tax? First, the tax acts as a source of revenue to fund the costs of the ACA; second, to encourage the reduction of costs in providing health care; and third, to eliminate the tax benefits for employers who compensate their staff through benefits, rather than directly with taxable…
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By SPBA Active Past President Fred Hunt – September 8, 2015 As a starting basis, it is important to remember that employee benefits are a political orphan. Neither party nor left nor right are a natural enemy or friend of employee benefits. The good news is that we are not automatically on anyone’s political hit…
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