April 2010 - Employee Benefits I AP Benefit Advisors

IRS Offers Guidance on Health Coverage for Children

By WebCPA Staff The Internal Revenue Service has provided guidance on how tax-free health insurance coverage should now be provided for employees’ children who are under 27 years of age under the recently passed health care reform law. The IRS said that changes under the act will immediately allow employers with cafeteria plans –– plans […]

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NY Times: Inquiry Says Health Care Charges Were Proper

The following is an article by Robert Pear from the New York Times. WASHINGTON — When major companies declared that a provision of the new health care law would hurt earnings, Democrats were skeptical. But after investigating, House Democrats have concluded that the companies were right to tell investors and the government about the expected adverse […]

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The #1 Health Care Reform Question is…

The # 1 Health Care Reform question is… When can my under 26 year-old-child join the plan? Jerry Geisel stated in an article from Business Insurance.com: “One possible explanation of confusion about the effective date is that misleading information has been spread by legislators, the media and even the nation’s chief executive. For example, during […]

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Health Care Reform Summaries for Employers

The following are high-level overviews of the new health reform law. They are broken down for small employers and large employers. Small Employer Summary Large Employer Summary Contact AP Benefit Advisors for more information, or discuss what these changes mean for your business.

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Three Steps to Lower Insurer Overhead Costs

Les Masterson, for HealthLeaders Media Medical loss ratio restrictions may not be the best way to reduce health costs, but federal and state lawmakers are increasingly turning to legislating MLR as a way to contain expenses. Forcing insurers to maintain a certain spending percentage on medical care is an easy win and on the surface […]

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Cost of Medical Care Outstrips Inflation

John Commins, for HealthLeaders Media The cost of hospital services, which grew by 1.1% in March and 8.6% in the last 12 months, almost quadruple the 2.3% increase in the overall Consumer Price Index for the same period, the Bureau of Labor Statistics announced today. A further breakdown shows that the cost of hospital inpatient […]

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