Is the Health Insurance Marketplace working?

Posted on Leave a commentPosted in Health Insurance, News and Politics

The number of people who enrolled for Obamacare through the individual Health Insurance Marketplace increased to 12.7 million in 2016 compared to 11.7 million in 2015 and 8 million in 2014. There is growth in the number covered but this growth is not impressive especially when we consider that the number without coverage is growing at a faster pace. […]

20 Rules for Operating a Health Reimbursement Arrangement (HRA)

Posted on 13 CommentsPosted in Small Business

Update January 30, 2017: New Health Reimbursement Arrangements are available to qualifying small businesses. Updated December 30, 2016 – If your small business reimburses employee health care costs, you need to be aware that tax laws have changed effective July 2015 and again in December 2016 and there may be actions necessary right now to amend your […]

How to provide premium health care planning advice

Posted on Leave a commentPosted in Financial Planning, Health and wellness, Health Insurance, News and Politics

This post is just an idea, an incomplete thought, a business observation with no clear direction or conclusion. I have no good answer to the headline. For my entire 30+ year working career as a financial adviser I’ve focused on the theme of keeping your personal health in focus as a core of personal financial well-being. Everyone knows […]

4980D Small Business Excise Tax Liability

Posted on 3 CommentsPosted in Accounting, Employee Benefits, Small Business, Taxes

This is the original submitted version of the article published by New Jersey CPA magazine under the same title in the January 2016 edition. The published version was slightly shortened to meet space requirements in the print publication. Background The Affordable Care Act adds Section 9815 to the Internal Revenue Code that requires employer-provided health plans […]

Ehealth financial results and strategy are surprising to Freedom Benefits

Posted on 1 CommentPosted in News and Politics

The most recent financial operating results reported by health insurance industry leader E-health were startling to me as the owner of the much smaller Freedom Benefits. Submitted applications for individual and family plan products decreased 78% in the second quarter of 2014 compared to the prior year. We consider Ehealth to be our most direct and […]