Articles

4 days 4 hours ago

The following document outlines the 2020 Employer Mandate Penalties for the Affordable Care ACT.

Read On: https://ca.wordandbrown.com/forms/Lists/WABCarrierFormsBucket1/ACA-REF-ERMAN4980H-SJ.pdf

Document Credit:  Word&Brown 

4 days 4 hours ago

On January 1, 2020, Californians are now subject to a state-imposed mandate to obtain and maintain minimum essential coverage under a health insurance plan.  This mandate is similar to the one that used to be in force under the Affordable Care Act (ACA).  The FAQ addresses some of the questions being raised by individuals regarding this new State of California mandate.

1 month 1 week ago

With the calendar new year soon beginning, employers have to address annual compliance responsibilities regarding their health plans.  Missing a deadline, overlooking a compliance item, or miscalculating an item can result in significant non-compliance penalties. The following article provides valuable information regarding what employers need to know as the close out 2019 and begin 2020

Apex Management Group wishes you a prosperous New Year!

1 month 2 weeks ago

The following is an interesting article regarding Federal Government Transparency Rules for Hospitals and Group Health Plans.

The Final Rule for Hospitals will be effective January 1, 2021.  The Proposed Rule to bring greater transparency across the health care industry was issued by the Department of Health and Human Services, Labor and Treasury on November 15, 2019.

2 months 2 weeks ago

The United States has a strong economy and the Restaurant Industry needs si constantly competing to retain and attract good employees.  Offering employees an affordable and thorough benefits package is far wiser decision than absorbing the time, effort, and money needed to replace them, especially ones with experience.  Health care coverage is a key benefit needed for employee retention and Apex Management Group products can help make it affordable.

2 months 4 weeks ago

The Individual Health Care mandate at the Federal level was eliminated in January 2019.  However, many States have implemented their own mandates and penalties at both the employer and Employee level.  The following article focuses on how certain States are implementing their own rules and penalties for failing to comply with the ACA’s Employer Mandate.

3 months 3 weeks ago

Starting in 2020, a new California individual health insurance mandate will require state residents to maintain Minimum Essential Coverage (MEC) - or pay a tax penalty. 

4 months ago

While the individual mandate penalty is no longer applies at the federal level, California lawmakers have chosen to enact legislation to restore the individual mandate penalty in 2020. In order to avoid the tax penalty in California, you must have the minimum essential coverage.  Apex products are a great solution for meeting minimum essential coverage and more.

4 months 2 weeks ago

This Wall Street Journal Article from September 25th, 2019 validates our observations that Health Care coverage continues to climb higher.  The total cost of employer-provided health coverage passed $20,000 for a family plan in 2019.  Premiums rose 5% to hit $20,576 for a family plan.

Read On:  https://www.wsj.com/articles/cost-of-employer-provided-health-coverage-passes-20-000-a-year-11569429000?mod=djemalertNEWS

4 months 2 weeks ago

Beginning January 1, 2020, businesses of all sizes will have a new health benefits option: the individual coverage health reimbursement arrangement (ICHRA). With an ICHRA, businesses, nonprofits, churches, and other groups can reimburse employees tax-free for individual health insurance premiums and other medical expenses. 

4 months 2 weeks ago

Beginning January 1, 2020, businesses of all sizes will have a new health benefits option: the individual coverage health reimbursement arrangement (ICHRA).With an ICHRA, businesses, nonprofits, churches, and other groups can reimburse employees tax-free for individual health insurance premiums and other medical expenses. 

4 months 2 weeks ago

This article published by MERCER (July 2019) – points out that California’s recently passed individual health insurance mandate (SB 78) requires minimum essential coverage (MEC) for state residents starting in January 1, 2020, or pay a state tax penalty. 

4 months 3 weeks ago

This article points out the enormous growth in health care costs paid by both employees and employers over the past decade.  This has created a platform for some of today's biggest political debates as well as teeing up more problems for the future.  There are some signs that employers have maxed out their ability to shift costs to employees.

 https://www.axios.com/employers-health-care-costs-premiums-deductibles-9e074deb-467e-4e81-b0c3-97259324bfe6.html

5 months 1 week ago

A September 2019 Forbes Article by Bruce Japsen points out - "In 2017, 53% of doctors who responded to a mailed survey agreed that the ACA, “if fully implemented, would turn United States health care in the right direction,” according to the analysis. That compares with just 42% in 2012 so there was an 11 percentage point swing in opinion over five years."

6 months 3 weeks ago

Telemedicine apps are thriving because working moms love the convenience of their smart smartphones.  The following article was published on CNBC.com (Jun 30, 2019).  Apex Management Group agrees with the benefits, convenience, and cost efficiency that telemedicine can bring to a health care plan.  

READ MORE: MOM'S AND TELEMEDICINE