The Affordable Care Act “Cadillac Tax”: What You Need to Know

Cadillac Tax

2013 Health Coverage Trends SnapshotAs part of the affordable Care Act (ACA), high-cost health plans will be subject to an excise tax on benefits that exceed a pre-determined cost threshold beginning January 1, 2018. Though it is a full two years away, Health Net is here to help you start gathering information now to be prepared for the future!

The excise tax, known as the “Cadillac Tax” applies to insured and self-funded large and small group health plans. The amount of the tax is 40 percent of the amount considered in excess of the cost threshold. Final regulations, however, have not been issued, and we expect further IRS guidance before the tax is assessed.

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A New Outreach Campaign to Reduce Delinquency

iStock_000060398916 resize_SmallCalifornia and Arizona Subsidy Exchange Members Only

Paying a monthly premium on time can be challenging for some consumers. Ensuring your clients have health coverage when they need it the most is important to us. That’s why we have begun an early intervention Outreach Campaign aimed at reducing delinquency.

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PACE Act Signed: Definition of Small Business Group Varies by State

Last week brought another change to the Affordable Care Act.

 

Health care reform updateThe definition of small business group, which was slated to change to 1-100 employees in 2016, will remain at 1-50 employees nationally. What happens on the state level depends on the state legislatures.  On October 1, 2015, Congress approved legislation to repeal the Affordable Care Act provision, which previously expanded the definition of small business group to 1-100 employees.

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Minimum Essential Coverage Reporting Activity

Health Net will begin requesting Subscriber and Dependent Social Security Numbers on September 21, 2015

The Affordable Care Act (ACA) Section 6055 requires Health Net to report Minimum Essential Coverage (MEC) data to the IRS about the coverage for each individual, including covered dependents starting in 2016.

Health Net will report MEC data to the IRS for all commercial fully insured business with the exception of Individual Marketplace (“on-exchange”) plans. Health Plans are not required to report for government programs including state health plans, Medicare, and Medicaid/Medi-Cal.

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Opinion on the Affordable Care Act Remains Largely Unchanged

Most Say They Can Afford Their Prescription Drugs, But One in Four Say Paying is Difficult

Looking for ways to save money?About half of Americans (54%) report currently taking a prescription drug, and a large majority of them (72%) say their prescriptions are very or somewhat easy to afford. However, about a quarter (24%) say paying for their drugs is difficult, and difficulties rise among those with low incomes (33%) or those currently taking four or more prescription drugs (38%) – and is highest for those in fair or poor health (43%).   Continue reading

More Than an ID Card

Health Net focuses on early access and prevention

 

Looking through their vacation picturesHere at Health Net, we don’t wait until people get sick to help out. Our job, always, is to connect members with the care they need. Under the Affordable Care Act and with the risk adjustment program, reaching out to members is even more important.

We want our members to use their benefits, so they can be their healthiest! That’s why we’re doing outreach to encourage our members to get their annual wellness exam.

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August 31 Deadline: Covered California News

California Individual & Family Plans
August 31 Deadline for Proof of Citizenship/Immigration Status to Covered California

Clients who enrolled in health coverage through Covered California have until August 31, 2015, to submit any requested documentation required to verify their citizenship or immigration status. Help us help them keep their coverage.

Having health insurance through Covered California is dependent on being “lawfully present” in the United States as a U.S. citizen, U.S. national, or an individual with eligible immigration status.

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December 2015 Renewals and Plan Closures for Small Business Groups

California Small Business Group Plans

 

broker_hubIt’s time. The mass migration to ACA-compliant plans is set for December 1, 2015, as small business groups renew following the extra year of transitional relief. Along with this change comes Small Group 2.0! Clients renewing December 1 are the first to have access to our new simplified Small Group 2.0 portfolio!

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Supreme Court Ruling: Key Takeaways

Court Finds for the Government

 

Health care reform updateThe United States Supreme Court ruling upholding Affordable Care Act subsidies in federal-exchange states was made public on June 25, as only one of two cases released on this almost-final day of the court’s term. With its 6-3 decision, the court preserved the structure of the Affordable Care Act. Here are key takeaways of the decision.

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