Value Statement: "We are committed to treating our clients with fairness and respect. We strive to educate insurance prospects and clients alike about the potential risks for loss unique to them individually, and the products that are available to secure them from financial loss. It is our commitment to serve all members of our community with expertise and financially sound insurance products."

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May 10
2013

May 10 2013
Model Exchange Notices Now Available: Employers Must Distribute to Employees No Later Than October 1, 2013
Employers are required to provide the written notice to each current employee not later than October 1, 2013, and to each new employee at the time of hiring beginning October 1, 2013 (for 2014, a notice will be considered provided "at the time of hiring" if it is provided within 14 days of an employee's start date). Model language that employers may use to satisfy the notice requirement is available from the U.S. Department of Labor (DOL):
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Apr 10
2013

April 10 2013
Understanding Essential Health Benefits
Qualified health plans are designed to provide benefits that cover essential health benefits, meet minimum value requirements and include cost-sharing limits. Every state is allowed to pick a benchmark plan.
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Feb 05
2013

February 05 2013
Employer Required Exchange Notice Delayed
The Department of Labor has concluded that the notice requirement under FLSA section 18B will not take effect on March 1, 2013 for several reasons. First, this notice should be coordinated with HHS’s educational efforts and Internal Revenue Service (IRS) guidance on minimum value. Second, we are committed to a smooth implementation process including providing employers with sufficient time to comply and selecting an applicability date that ensures that employees receive the information at a meaningful time. The Department of Labor expects that the timing for distribution of notices will be the late summer or fall of 2013, which will coordinate with the open enrollment period for Exchanges.
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Jan 02
2013

January 02 2013
New Employer "Pay or Play" Proposed Rules and FAQ
Newly issued proposed rules and a set of related questions and answers provide guidance for employers regarding the shared responsibility ("pay or play") requirements under Health Care Reform. Under the proposed rules, an employer who is subject to the requirements would generally be treated as offering coverage to its full-time employees for a calendar month if, for that month, it offers coverage to 95% of its full-time employees.
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Jan 02
2013

January 02 2013
2012 Employer Benefits Annual Survey
The 2012 Employer Health Benefits annual survey provides a detailed look at the trends impacting employer’s including changes in insurance costs, employee contributions, cost-sharing policies, and other relevant topics collected from over 2000 interviews this year from Human Resource and Benefit Managers.
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Dec 12
2012

December 12 2012
HIPAA Compliance Best Practices
Too many companies are struggling with compliance - particularly in the area of protecting personally identifiable information. Here are the fundamentals to keep in mind when developing your plan.
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Sep 03
2012

September 03 2012
IRS Releases Safe Harbor Methods on Employer Mandate
The Internal Revenue Service (IRS) issued a notice on August 31, 2012, that describes safe harbor methods that employers may use (but are not required to use) to determine which employees are treated as full-time employees for purposes of shared responsibility for employers regarding health coverage.
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Sep 03
2012

September 03 2012
90-Day Waiting Period Limitation Defined
The IRS and the Department of Labor and the Department of Health and Human Services (the Agencies) issued temporary guidance on Aug. 31, 2012, on what will be considered the definition of a 90-day waiting period limitation for eligible employees to begin group health plan coverage. The guidance will remain in effect at least through the end of 2014.
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Aug 06
2012

August 06 2012
Review of (SBC) Summary of Benefits and Coverage and Rebate Check Guidance
Beginning on the first day of the first open enrollment period that begins on or after September 23, 2012 group health plans must provide participants and beneficiaries a summary of benefits and coverage (SBC) containing specific information required under the Health Care Reform. Also additional guidance is provided to help understand the medical loss ratio and how employers can handle (MLR) rebates funds.
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Jul 10
2012

July 10 2012
Guide to the Supreme Court's Affordable Care Act Decision
The last week of June the United States Supreme Court issued the long anticipated opinion regarding the Affordable Care Act (ACA). A majority of the court upheld the individual mandate, but the Medicaid expansion was found to be unconstitutional, and will ultimately be a state by state decision. For a 10 page description of the background as well as remaining unaswered questions follow our link for more. Your IBI Consultant will be discussing the impact on your business in more detail at your next renewal meeting. Feel free to contact us with specific questions earlier.
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