Picture this; a not-for-profit hospital in an urban area tracks it’s cost to provide care for ONE uninsured, homeless individual for a period of between 18 months and 2 years. At the heart of this exercise lies the impetus for the creation and execution of the Patient Protection and Affordable
Recent news cycles have been loaded with information concerning the I.R.S.’ scrutiny, or lack thereof, of applications for not-for-profit 501 C 4 status. Most of the noise concerns the ability of the institution to adequately manage parts of the largest healthcare overhaul since the introduction of Medicare. As the I.R.S.
Several million employees across the US receive health insurance benefits through what is called a “multi-employer” plan, or otherwise known as a Taft-Hartley plan. These plans currently cover unionized workers in retail, construction, transportation and other industries with seasonal or temporary employment. These plans are typically included in the employers
As the Affordable Care Act moves closer to full implementation, the real test is soon to begin. As state insurance exchanges prepare for open enrollment in the fall of this year, premiums for various levels of coverage are starting to take shape. Most eyes are on the State of California
Companies often claim that their employees are their greatest assets. In the world of temporary staffing, aside from existing contracts and operations, nothing could be closer to the truth. Human capital is the currency of staffing firms, and needs are constantly changing to provide the best possible experience for the
Despite the derisive debates surrounding ObamaCare, there are some good changes that have been mandated for those seeking health insurance on their own. In 2014, all new plans offered are required to cover a set of “essential health benefits,” some at no cost to the enrollee. These “essential health benefits” include
It all started with the tension of the waiting game when the ultimate fate of the Affordable Care Act would be determined by the Supreme Court Justices. This hurdle was overcome by proclaiming part of the legislation as a “tax” instead of a mandate, and the voluntary participation by the
In the last blog ,The (not so) Simple methods to test for FTEs…,”we discussed both the “stability” period and the “measurement” period. As is the case in other Federal programs, consistency in the measurement periods is the key. Whatever period you select, (between 3 and 12 months), stay consistent in consecutive periods. What
Open enrollment for the Affordable Care Act (Obama Care) will close at the end of March 2014. The original goal of 6 million enrollees will be tough to achieve. According to the Department of Health and Human Services there were four million enrollees through Feb. 25, 2014. The actuarial science that