Monthly Archives: June 2013

HHS Launches Consumer-Focused HealthCare.gov

June 24th, 2013

The Department of Health and Human Services (HHS) recently launched a new, consumer-focused HealthCare.gov website. With the clock ticking towards open enrollment in the new Health Insurance Marketplace, the site provides educational tools designed to help Americans understand their choices and select the coverage that best suits their needs. Between now and the start of...

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PCORI Fees IRS Form 720 and Instructions

June 18th, 2013

The Affordable Care Act imposes fees on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fees, required to be reported annually on the 2nd quarter Form 720 and paid by it’s due date, July 31st, are based on the average...

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Will Consumers Find Bargains on Health Insurance Exchanges?

June 18th, 2013

Article provided by the Chattanooga Times Free Press and the International Foundation of Employee Benefit Plans Consumers want to know: Will health insurance cost more, less, or about the same on the new health insurance exchanges? Politicians, for their own reasons, have the same question about the impact of the Affordable Care Act on insurance...

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DOL Issues Another Set of FAQs

June 11th, 2013

Amidst the confusion of PPACA compliance, additional information from the Department of Labor has been released. The DOL issued another set of FAQs addressing the summary of benefits and coverage (SBC) disclosure requirement under health care reform. This new set of FAQs reflects changes to SBCs distributed for coverage beginning on or after January 1,...

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Updated IRS Form 720 available for Health Plans to pay new ACA fee due July 31

June 10th, 2013

From the desk of Larry Grudzien, Attorney at Law, is a very important update regarding IRS Form 720. This update was released on June 5, 2013. With health plans or policies facing a July 31 due date to pay the first patient-centered outcomes research fees, the IRS has issued a revised Form 720 and instructions....

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What Our Partners are Saying About Us…

June 4th, 2013

“Thank you again BASIC for being the leader in HR!” Kathy Acre Executive Recruiting Specialist www.kathyacre.com...

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