Under the American Rescue Plan Act (ARPA), certain individuals are eligible to receive fully subsidized COBRA coverage for a six-month period which began on April 1, 2021. The APRA also requires that employers notify affected individuals of this benefit by May 31, 2021. Thankfully, last week, the Department of Labor issued template notices and a
[T]he bottom line of the health insurance/health care market is that it was too expensive for consumers and employers before the ACA; the ACA did not do anywhere near enough to reduce the costs, or even to slow the increase in costs; and this decision does nothing to control costs, and may contribute to increasing them.
Continue Reading Supreme Court Upholds Affordable Care Act’s Individual Mandate as a Tax, Invalidates Penalty of Loss of Medicaid Funds to States That Opt out of Expansion
If employers (especially small employers not subject to employer penalties) simply get out of the health care business without increasing their pay rates the anticipated offsets for higher income and payroll taxes simply will not occur and the deficit will increase.
Continue Reading New CBO JCT Analysis of Affordable Care Act’s Impact on Employer Provided Health Insurance
A new report issued by the Employee Benefit Research Institute shows that Health Savings Accounts (HSA’s) and Health Reimbursement Arrangements (HRA’s) grew in popularity in 2011. Paul Fronstin, “Health Savings Accounts and Health Reimbursement Arrangements: Assets,
Account Balances, and Rollovers, 2006–2011,” EBRI Issue Brief, no. 367, January 2012. The report shows that the number of…
Last week, I was asked to write about our firm’s efforts to figure out what to do about our health insurance and health care program as we prepare for the effective date of the Patient Protection and Affordable Care Act. The result was published in the Washington Post here. The bottom line is that…