RSS icon

Top Stories

Articles by Jerry Geisel

HHS Gives $1.5 Billion in Grants to 11 States to Set Up Health Exchanges

January 17, 2013
Comments (0)
The U.S. Department of Health and Human Services said it is giving $1.5 billion in grants to 11 states to launch or further develop health insurance exchanges. Those states are California, Delaware, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, New York, North Carolina, Oregon and Vermont.
Read More

Higher Financial Penalties Proposed for Uninsured Massachusetts Residents

January 11, 2013
Comments (0)
In 2012, the maximum penalty for non-compliance was $105 a month, or $1,260 a year. The maximum penalty this year for those with incomes that exceed 300 percent of the federal poverty level will be $106 for each month that an individual is not covered by health insurance, or $1,272 a year.
Read More

Massachusetts Bill Would End Employer Penalty for Not Offering Health Plan

January 10, 2013
Comments (0)
Under the governor's plan, the current annual assessment—known as the Fair Share contribution—of $295 per employee on employers not offering coverage would end on June 30.
Read More

Labor Department Proposes Allowing Coca-Cola to Fund Life, AD&D Benefits in Captive

January 3, 2013
Comments (0)
Atlanta-based Coca-Cola wants to use its Red Re Inc. captive to reinsure life insurance and accidental death and dismemberment policies written by Metropolitan Life Insurance Co.
Read More

Tax Bill Will Reduce 401(k) Taxes, Ease Fund Transfers

January 2, 2013
Comments (0)
A provision tucked into the American Taxpayer Relief Act will expand the opportunities for employees to transfer funds from traditional 401(k) plans to Roth 401(k)s. Employees who are in lower tax brackets now compared with when they retire will reap big tax savings from such transfers.
Read More

Lockheed Martin Offers Lump-Sum Option to Some Former Employees

December 17, 2012
Comments (0)
When participants take lump sums and move out of a pension plan, employers can reduce certain fixed costs, such as the payment of sharply rising premiums to the Pension Benefit Guaranty Corp.
Read More

HHS Approves Health Insurance Exchanges for Two More States, D.C.

December 14, 2012
Comments (0)
Kentucky and New York join the District of Columbia in receiving the latest approvals. In all, exchange applications filed by eight states, plus the District of Columbia, have received tentative regulatory approval.
Read More

Pennsylvania Will Not Set Up Health Insurance Exchange

December 13, 2012
Comments (0)
Pennsylvania is the latest state to declare it will not set up a state health exchange. States have until Dec. 14 to inform federal regulators whether they intend to establish exchanges.
Read More

HHS Details Fees to Be Paid, Provides Guidance for Transitional Reinsurance Program

November 30, 2012
Comments (0)
Much of the $25 billion in assessments—to be paid annually over a three-year period—will be used to partially reimburse commercial insurers writing policies for individuals with high health care costs.
Read More