Enhancements to Oxford Member ID Cards

 In keeping with the initiative to move to a single UnitedHealthcare brand across all benefits businesses, the refreshed UnitedHealthcare–Oxford blended logo will begin appearing on Oxford commercial business member identification (ID) cards on June 1, 2011. Oxford will remain a modifier under the UnitedHealthcare master brand logo (as shown above).  An industry-standard bar code is also being applied to ID …

Judges question health care overhaul: No ruling made as panel examines invalidating entire law

BY GREG BLUESTEIN Associated Press Thursday, June 9, 2011 ATLANTA — Judges on a federal appeals court panel on Wednesday repeatedly raised questions about President Barack Obama’s health care overhaul, expressing unease with the requirement that virtually all Americans carry health insurance or face penalties. All three judges on the 11th Circuit Court of Appeals panel questioned whether upholding the …

Healthcare costs for typical family of four double

May 11th, 2011 Milliman today released the results of the 2011 Milliman Medical Index (MMI), which measures the total cost of healthcare for a typical family of four covered by a preferred provider organization (PPO). The 2011 MMI cost is $19,393, an increase of 7.3% over 2010, which is the lowest annual rate of increase in more than a decade. …

Governor signs Maine health insurance overhaul

AUGUSTA, Maine (AP) — Calling it a top priority of his administration, Gov. Paul LePage on Tuesday signed into law a bill designed to lower health insurance costs and cover more Mainers through a series of market changes including a new high risk pool and allowing smaller companies to band together to get better rates. Backed by dozens of legislative …

Another reason why Medical Loss Ratios matter…

Indiana to Seek MLR Waiver    By ALLISON BELL Published 5/17/2011  Subscribe to Life & Health Print This Article Normal Text Large Text ShareThis   The Indiana Department of Insurance is asking federal regulators to waive the new minimum medical loss ratio (MLR) requirement for insurers in the Indiana individual health insurance market. Indiana Insurance Commissioner Stephen Robertson will be asking …

Retirement Plans for Self-Employed People

This post is from the IRS quarterly newsletter. Retirement News for Employers – Spring 2011 – Retirement Plans for Self-Employed People   Are you self-employed? Did you know you have many of the same options to save for retirement on a tax-deferred basis as employees participating in company plans? Here are highlights of a few of your retirement plan options. …

Are you a business owner, personally guaranteeing a loan?

It is not unusual for businesses to borrow money from banks and other financial institutions. Loans and lines of credit can help even out the ups and downs of cash flow so a business can smoothly meet its payroll and other financial obligations. Borrowing can also help a company capitalize on unique growth and profit-making opportunities.  While borrowing money to …

PPACA: CMS Sticks with 10% Rate Review Trigger

 By ALLISON BELL Published 5/19/2011  Subscribe to Life & Health The Centers for Medicare and Medicaid Services (CMS) plans to use a 10% cut-off to decide whether to look more closely at individual and small group health insurance rate hikes in states. The 10% threshold will apply both in states where CMS handles rate reviews and in states that do the …

Health Saving Account Limits for 2012

  The 2012 limits for HSAs have been released by the IRS in Revenue Procedure 2011-32. Minimum Annual Deductibles There is no change in the minimum annual deductibles required for a plan to be considered a “high deductible health plan”, or “HDHP”.  They remain at $1,200 for single coverage and $2,400 for family coverage. Out of Pocket Maximums The maximum …

How much do we really spend on health care?

May 20th, 2011 by nmorford@sbmedia.com It comes as no surprise that we in the U.S. spend substantially more on health care than any other developed nation. Still, the cold, hard numbers — as shown in a recent study put out by the Kaiser Family Foundation — are shocking. The significant spending gap, first measured in 1970, swelled in 2008 to …