What is my job as your broker?

My role as your broker has changed my thirty years in the industry, and never more than in the last 5 years.  Some of this is related to the Affordable Care Act, of course, but some of it isn’t.  It used to be all about price;  that has changed alot – when everyone has the same price and the same …

Check your Credit Report

Credit Reports Checking your credit report is important, and should be done annually in my opinion.  It is simple –  go to www.annualcreditreport.com.   Make sure you recognize all of the items on your report and that they are accurate.  Since challenges and corrections have to be done in writing in most cases, it takes a while – you don’t want to discover …

Human Resources for 2016 – Changes to be aware of

What should you be watching for this year: .  Remember that these changes in some cases will need to be reflected in your employee manual: Overtime exemptions. The Department of Labor, pushed by the administration, issued a proposed rule that would raise the required minimum salary for most FLSA exemptions from $455 to $970 per week ($23,660 to $50,440 annually). …

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 …

Big Plan mergers not done deal.

The chief executive officers of Aetna Inc. and Anthem Inc. are confident that their planned acquisitions of rivals Humana and Cigna, respectively, will go forward. Shareholders have approved the $54.2 billion and $47.5 billion transactions, and both are expected to close in the second half of the year. Yet a closer look at how the Department of Justice is treating …

Aetna Medicare gets new Pharmacy Benefits Manager

New Pharmacy Benefits Manager (PBM) for Coventry, Altius, HAPA and First Health Part D members In 2016, members of Coventry, Altius, HAPA and First Health Part D plans have a new Pharmacy Benefits Manager (PBM). A PBM manages their prescription drug benefits on behalf of our plan. In 2015, the PBM was Express Scripts (ESI). In 2016, the PBM is CVSHealth. …

Can you require medical exams to participate?

From the National Law Review: “Flambeau Wellness Program Testing Falls Within ADA Safe Harbor Thursday, January 7, 2016 On December 30, 2015, a federal judge in the Western District of Wisconsin ruled in favor of Flambeau, Inc. (Flambeau) and against the Equal Employment Opportunity Commission (EEOC) in holding that Flambeau’s medical exams as part of its wellness program and self-insured medical plan …

1095 form filing deadline extended.

In a surprise announcement yesterday the IRS released the attached notice delaying a deadline for ACA reporting by almost two months.  The deadline for forms 1095-B and 1095C is as follows: Form 1095-C – from employer to employees – original deadline was 2/1/16, was extended to 3/31/16 Form 1094-C and 1095-C IRS filing by the employer (paper) original deadline was …