OSCAR HEALTH loses 105 million

(Bloomberg) — Startup Oscar Health Insurance Corp. lost $105.2 million in its New York and New Jersey businesses last year, a sign that insurers of all sizes are struggling in the new markets created by the Patient Protection and Affordable Care Act (PPACA). The losses, $92.4 million in New York and $12.8 million in New Jersey, were disclosed by Oscar …

ACA covers tobacco cessation programs

Alot of people don’t realize that Smoking Cessation programs are required under PPACA.  Here are some details from Blue Cross Blue Shield of SC. Each company is slightly different but it gives you and idea of how it works. Who it Covers: The Affordable Care Act (ACA) mandates coverage of tobacco cessation products for members participating in non-grandfathered plans purchased …

How does the ACA apply to LTD and STD recipients?

From Employee Benefits Advisor Magazine: In order to avoid potential pay or play penalties, do employers need to make an offer of health plan coverage to individuals receiving payments from a short-term disability or long-term disability arrangement? All large employers must offer health plan coverage to their full-time employees or potentially be subject to pay or play penalties. Under the …

Coverage might be cheaper than the penalty in 2016

Robert I. Field, Ph.D., J.D., M.P.H., Professor, Drexel University Kline School of Law & Dornsife School of Public Health POSTED: THURSDAY, JANUARY 14, 2016, 3:43 PM FILED UNDER: ROBERT I. FIELD image: http://media.philly.com/designimages/partnerIcon-Phillycom-2014.jpg Are you among the shrinking number of Americans without health insurance? If so, you could face a hefty penalty in 2016. The cost of going without coverage …