Tax season is upon us. You might have received one or more 1095 forms concerning the health care coverage you had or were offered during the previous year. These forms are similar to W-2 and 1099 forms. Your healthcare provider should send them to you. It provides the information you may need when filing your … Read more
The federal government has extended the Affordable Care Act (ACA or health care reform law) reporting deadlines to give employers more time to meet the requirements. Previously, employers who provide self-funded coverage had until the end of January 2016 to send a statement — tax form 1095-C — with parts l, ll and lll completed – to all employees eligible … Read more
As many of you may now know, Bluegrass Family Health has changed its name to Baptist Health Plan. One of the new initiatives for 2016 includes entering the individual health insurance market in which we will be offering individual plans on and off Kentucky’s exchange marketplace (Kynect). Baptist Health Plan has partnered with AgentLink to … Read more
Attention agents: linked below are important Baptist Health Plan Contracting documents. To become an appointed agent or consultant with Baptist Health Plan for commercial group or individual products, agents must complete and return the items linked below to the address provided. NOTE: Agents who are currently appointed to sell group products are not required to … Read more
Attention agents: linked below are important Baptist Health Plan Contracting documents. To become an appointed agent or consultant with Baptist Health Plan for commercial group or individual products, agents must complete and return the items linked below to the address provided. NOTE: Agents who are currently appointed to sell group products are not required to … Read more
Avoid tax penalties and stay PPACA compliant with Minimum Essential Coverage (MEC). MEC is brought to you by OptiMed, and helps agents stay compliant with PPACA mandates. This is a potential low-cost option for virgin groups, and even eliminates the “Strong” $2000 tax penalty. Other features include: Compliance without some of the PPACA’s potential tax … Read more
Anthem has released an update pertaining to the original information shared below. The update reads: “GOOD NEWS!!! Legal has brought it to our attention after further searching that although the new IRS Guidelines on Deductibles/OOP max applies to all qualified HSA plans including GM plans, we (Anthem) can make a change as part of a … Read more
Agent and Broker Notification Regarding Minimal Essential Coverage (MEC) and SSN Outreach The IRS requirement for code section 6055 states that insurance carriers must supply the IRS with key information on each covered individual. This information includes, but is not limited to, Name, Social Security Number (SSN) or Taxpayer Identification Number (TIN), and the months in which … Read more
Originally Posted to LifeHealthPro | APR 13, 2015 | BY NICHOLE MORFORD As strategic alliances go, accountants rank pretty high on the desirability scale. They are industrious. They are detail-oriented to a fault. They are well-connected. And, like lawyers and politicians, all of these defined qualities make them easy to caricature. Accountant jokes have become de rigeuer, especially … Read more
Originally posted to LifeHealthPro | APR 09, 2015 | BY WARREN S. HERSCH With tax season now in full swing, one question on the minds of advisors is how American workers due a tax refund this year intend use the money. The good news: more than half of them plan to save or invest it. So reports Principal Financial Group … Read more
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