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May 2013

May 30, 2013 by  
Filed under Newsletter

News Bulletin For May 2013
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Alternative To Dependent Group Coverage

Maintaining coverage for dependents (spouses, children, domestic partners) can be cost-prohibitive for many employees on your group coverage. Oftentimes an individual plan for their dependents is less expensive and a better value than adding them to the group plan. Click the link below to begin research for lower cost dependent coverage. 


 
 

Healthy Kids

Healthy Kids provides no-cost, low-cost and full-cost health coverage options for uninsured Oregon children and teens up to 19 years of age.

Learn More

 
 
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Drake Park
 
HEALTH INSURANCE SUBSIDY CALCULATOR
Estimate impact based on; income, family size, age, and tobacco usage.  In last month's newsletter we suggested that millions of Americans will be eligible for subsidized healthcare.  In this month's newsletter we include a calculator so you can determine if, and how much, you might be eligible to receive based upon your specific situation.  Remember, the key to receiving any subsidy is you do not have access to affordable, minimally acceptable coverage elsewhere, ie. your employer, Medicare, Medicaid and/or Tricare.  If a person has access to "affordable" coverage that meets minimum standards they will not be eligible to receive a federal subsidy.
For more information contact our office.

NOTICE OF EXCHANGE ADDS ANOTHER PPACA EMPLOYER REQUIREMENT

As part of the Affordable Care Act (ACA) all Oregon employers are required to notify their employees about Oregon's Insurance Exchange, Cover Oregon.  While this notice requirement was originally scheduled to be implemented by March 1, 2013, the U.S. Department of Labor extended the deadline to October 1, 2013.  We recommend you advise your employees that Cover Oregon (www.coveroregon.com) will begin operations on October 1, 2013 and they might, personally, benefit under the new health insurance regulations beginning January 1, 2014.  Included for your reference are two forms to assist in compliance.  The first is for employers who currently offer medical coverage and the second is for those who do not have not plan in place. We have also included the D.O.L. guidelines issued May 8th for those who seek greater knowledge about this requirement.


Employer Exchange Notification – With Health Plan

Employer Exchange Notification – Without Health Plan

DOL Employer Exchange Notification Guidelines  

ONE OF OUR FAVORITE RESOURCES FOR HEALTHCARE REFORM INFORMATION

We have also found an excellent resource created by one of our local insurers, PacificSource, that explains how the ACA affects consumers and employers.  We are constantly searching for information about the PPACA from a multitude of sources. This particular resource is one of our favorites. It does a very nice job of crystallizing this behemoth of a law into an easy to understand format.

  

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