Navigation Links
America’s Health Insurance Announces Plans to Have Small Businesses Drop Their Group Insurance
Date:7/31/2013

Fort Wayne, IN (PRWEB) July 31, 2013

According to a news article written this week by Kaiser Health News, WellPoint foresees small group employers dropping group coverage. At the same time, they foresee an increase in the individual market. WellPoint CEO Joseph Swedish stated, “Our current expectation is that fully insured, employer-based coverage will likely see membership declines in ’14, with growth skewed to individual coverage offered through the exchanges.”

There are few reasons why WellPoint foresees this happening. “…small employers have hesitated to buy coverage for next year because of uncertainties surrounding the online exchanges offering individual and small-group plans,” the company said. Also, according to the article, “some smaller companies are shifting to self-insurance for health benefits to avoid taxes and benefit requirements associated with the Affordable Care Act.”

According to an article written by Zane Benefits (Employer Health Insurance vs. Individual Plans - Which is Better?), there is an alternative to group insurance that is appealing for small group employers and employees. “The emergence of HRAs and defined contribution health plans allow employers to reimburse employees for individual health insurance premiums, as an alternative to the traditional employer health insurance,” writes Christina Merhar from Zane Benefits.

America’s Health Insurance shares the same opinion as WellPoint and Zane Benefits- it will be advantageous for small group employers to drop group coverage and enroll their employees into the individual health insurance market with a defined contribution. This will allow the employer to avoid the new taxes and benefit requirements of small group insurance coverage mentioned in the Kaiser article. The section 105 (HRA) and the section 125 (HSA) of the Internal Revenue Code allow for these contributions and allow eligible employees to take advantage of the subsidies offered in the individual exchange.

America’s Health Insurance has the carriers, the products, the paperwork in streamlined form, and the enrollment procedures down to an easily manageable package guaranteed to make both small employers and their employees ecstatic about the decision to enroll into the individual market. Contact America’s Health Insurance at 1-888-589-3000 for any questions.

Read the full story at http://www.prweb.com/releases/2013/7/prweb10986427.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Viewpoints TV Offers a New Segment on America’s Best Family Activities
2. Lumosity Data Ranks America’s Smartest Cities
3. Certain Health Insurance Plans Will Not Cancel at the End of this Year Announces America’s Health Insurance
4. US News Ranks Cohen Children’s Medical Center of NY Among America’s Best Children’s Hospitals for Seventh Consecutive Year
5. America’s Local Poison Centers Urge Urban Outfitters to Stop Selling Products Designed to Resemble Prescription Medicine Bottles
6. America’s Sole Proprietors are Independent, Confident and Often Uninsured
7. Jolie Ravioli, America’s Original and Number #1 Selling Children’s Ravioli Now Ready for Distributors, Brokers and Retailers
8. ReNew Life, America’s #1 Probiotic Brand, Introduces a High-Potency Probiotic Uniquely Formulated for Women
9. hCGTreatments / Diet Doc hCG Diets & Weight Loss Plans Targets America’s Teen Obesity Epidemic With Recently Improved hCG Diet Plans
10. DSM-5 and Personality Disorders: The Asheville Jung Center Explores More of America’s Trending Disorders
11. DSM-V and Substance Abuse: The Asheville Jung Center explores more of America’s trending disorders.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The ... the most popular and least understood books in the Holy Scriptures, Revelation. The Book ... have baffled scholars for centuries. Many have tossed it off as mere rubbish, but ...
(Date:10/12/2017)... WILMINGTON, Del. (PRWEB) , ... October 12, 2017 ... ... technology and advisory services for healthcare compliance program management, will showcase a range ... and National Association for Assisted Living (NCAL) Convention and Expo to be held ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics (ACMI) ... FACMI, during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s ... Morris F. Collen, a pioneer in the field of medical informatics, this prestigious award ...
(Date:10/12/2017)... ... 12, 2017 , ... Leading pediatric oncology experts at Children’s National Health ... Congress of the International Society of Paediatric Oncology (SIOP) Oct. 12-15. Chaired ... Cancer and Blood Disorders at Children’s National, and Stephen P. Hunger, M.D., Chief ...
(Date:10/12/2017)... ... October 12, 2017 , ... Vohra Chief Medical Officer ... physician colleagues, skilled nursing facility medical directors and other clinicians at various events ... Care." , "At many of these conferences we get to educate other physicians, ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... , Oct. 4, 2017  According to the Centers for Disease Control ... of October . PhysicianOne Urgent Care is helping communities across ... NY , by offering no-cost* flu shots through the end of ... by certain health insurance regulations. ... best time to get a flu shot is by the end of ...
(Date:10/2/2017)... Labs announces the European launch of their new low volume, high ... in Cambridge, U.K on October 4th. The ... with unprecedented speed and sensitivity while using far less sample volume ... ... ...
(Date:9/27/2017)... , Sept. 27, 2017  DarioHealth Corp. (NASDAQ: DRIO), a leading global ... that its MyDario product is expected to appear on The Dr. Oz ... Dr. Oz Show airs in your area: http://www.doctoroz.com/page/where-watch-dr-oz-show ... The nine-time Emmy award-winning, The Dr. Oz Show kicked ... The segment features ...
Breaking Medicine Technology: