Washington, Trump and Health Reform…

With the Republican effort to “Repeal and Replace” having failed, the question becomes “What’s going to happen to Obamacare?” It’s a good question and while the future is very unclear there are a few points worth noting. The biggest point to realize is that the vast majority of the changes being discussed involve Medicaid (MediCal … More Washington, Trump and Health Reform…

Health Insurance and Your Taxes

Tax Provisions for Individuals & Families: What your Employees Need to Know The individual shared responsibility provision of the ACA requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or make a penalty payment when you file. If you, your spouse and dependents had employer-sponsored health insurance coverage all year, … More Health Insurance and Your Taxes

Stop, Drop & Enroll – Should Small Employers Drop Their Group Health Plans?

Many of our small employer clients are asking if they should drop their group health insurance plans and send their employees to the Exchange to buy individual plans. This is a very legitimate and complicated question. In the short run (next two-four months), I would strongly advise them to wait and see.  In California we … More Stop, Drop & Enroll – Should Small Employers Drop Their Group Health Plans?

Individual Health Plans and Tax Deductibility

We have had numerous small employer clients ask about dropping their group health plan and sending their employees to the Exchange to purchase Individual Medical Plans (IMP). There are MANY issues to consider before taking this action and we will address several of them in our next blog post. However, before that discussion we need … More Individual Health Plans and Tax Deductibility

Updated Individual Exchange Rates & Plan Information

If you live in the Santa Barbara, San Luis Obispo, or Ventura regions, below are a few links to some very good information concerning subsidies and benefits you could receive within Covered California’s marketplace. Covered CA released example Individual and Family rates WITHOUT subsidies for a few different age groups. To see what the prices … More Updated Individual Exchange Rates & Plan Information

DOMA & Prop 8 Decisions by the Supreme Court

Last week, the Supreme Court ruled that the Defense of Marriage Act (DOMA) was unconstitutional and violates the equal protection principals in the Constitution. The decision by the Supreme Court now permits same-sex marriage to be treated under the same federal law as married opposite-sex couples. This decision will have a significant effect on employer … More DOMA & Prop 8 Decisions by the Supreme Court