Health Reform Update

January 14th, 2014

Several ACA taxes which begin in 2014 are now being passed on to premiums, sixty-one thousand apply for health insurance in Illinois, but new enrollments have few young people, new guidance released for plan designs, and higher deductibles are leaving many underinsured by new plans.ACA Taxes Increase Starting in 2014, Obamacare begins taxing insurance companies — who contend a good chunk of these costs will be passed on to consumers in the form of higher premiums. The new levies include a multibillion-dollar assessment on insurance companies based on their market share, a fee that will be used to compensate insurers who take on the most costly policyholders and a penalty for individuals who decide to remain uninsured.

Sixty-One Thousand Apply for Health Insurance in Illinois in December The Illinois enrollments are up nearly ninefold from November, when little more than 7,000 selected policies, according to federal data released Monday. Nationwide, nearly 2.2 million selected a plan, with the vast majority coming in December.

Guidance on Cost-Sharing Limits, Wellness, and Mental Health Parity in New ACA FAQs On January 9, 2014 the Departments of Labor, Health and Human Services (HHS) and Treasury (collectively, the “Departments”) issued an 18th set of frequently asked questions about the Affordable Care Act, including issues raised by that law’s intersection with the Mental Health Parity and Addiction Equity Act (“MHPAEA”), as well as a grab-bag of other issues.

Older Pool of Health Care Enrollees Stirs Fears on Costs WASHINGTON — People signing up for health insurance through the Affordable Care Act’s federal and state marketplaces tend to be older and potentially less healthy, officials said Monday, a demographic mix that could threaten the law’s economic underpinnings and cause premiums to rise in the future if the pattern persists.

High Deductible Health Law Plans Leave Some ‘Underinsured’ For working people making modest wages and struggling with high medical bills from chronic disease, President Barack Obama’s health care plan sounds like long-awaited relief. But the promise could go unfulfilled.

Affordable Care Act

March 4th, 2013

In January 2014, the Affordable Care Act (ACA) also referred to as Obamacare will be implemented for all companies including all temporary staffing agencies. This will have an effect on everyone and I want you to know I’m keeping up on educating myself to serve you my valued customers.

Superior Staffing is a member of the American Staffing Association (ASA) who have been conducting an ongoing series of seminars related to ACA. I’ve been attending these along with other information sessions and programs to increase my understanding of the new health care law and its upcoming effect on all of us.

These seminars have revealed that many aspects of the program are still being defined. The general counsel for the American Staffing Association has direct access to the people who actually wrote the bill. This gentleman is than able to provide members of the ASA important information. We’ve learned among other things that ACA Compliance issues will be monitored by the IRS for all companies including arrangements between staffing companies and their customers. There is a wide spectrum of issues some clearer than others at this time including anti-abuse rules strongly in place being fined tuned by the government. It’s my responsibility to continue to fully educate myself to protect your interests in following this closely monitored law.

The cost of this program to us and our customers has not yet been calculated.  Over the next few weeks we will be running an analysis to estimate what these cost may be.  I will be in contact with you to set up a meeting to discuss the findings of the analysis.

Superior Staffing values our partnerships with our customers and challenges will be met successfully by working together. I’ll keep you updated as new information and data is revealed in my usual proactive way.