Producers
- ACA reporting had to be submitted for the first time which was an administrative struggle for several employers, but most were able to find a way to get it completed.
- Several Co-Ops, including Land of Lincoln Health, were forced to shut down due to solvency problems.
- Most insurers reduced or eliminated commissions on the sale of individual health insurance plans as a result of profit losses.
Flexible Benefit Service LLC (Flex) is excited to tell you about the 21st Century Cures Act which was signed into law by President Obama on December 13, 2016. While the law primarily focuses on healthcare innovations and enhancing medical research, it also created a new type of Health Reimbursement Arrangement (HRA), referred to as a "Qualified Small Employer HRA."
People who have access to affordable coverage from their employer are ineligible to receive subsidies through the Health Insurance Marketplace, also known as the Exchange. For 2017, coverage is considered affordable if the employee’s share of premium for self-only coverage is 9.69% or less of their household modified adjusted gross income.
New service keeps you on track!
The world of ERISA, HIPAA, COBRA and general health care compliance is increasingly complex for businesses. Flexible Benefit Service LLC (Flex) wants to make sure nothing falls through the cracks.
Flex now offers Compliancedashboard® - a turnkey solution to help you make sense of your compliance obligations and minimize your risk. This simple, web-based compliance system gives your organization the information you need, when you need it.
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