Is the Health Insurance Marketplace working?

Posted 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 16 CommentsPosted in Small Business

Update December 10, 2017: I published an annotated copy of IRS proposed regulations for Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs)that should be followed with 2018 QSEHRAs. It makes sense to view this as an additional option and not a replacement of the traditional HRAs discussed below. Update January 30, 2017: New Health Reimbursement Arrangements are available […]

Is my small business required to file Form 1095?

Posted Leave a commentPosted in Employee Benefits, Health Insurance, Small Business, Taxes

Form 1095 is a new informational tax return that is a requirement incorporated into of the Affordable Care Act. Some small businesses are required to file it for the first time this season. There are three types of Form 1095: 1095A from a Health Insurance Marketplace 1095B usually from an employer (the form discussed below […]

How to provide premium health care planning advice

Posted 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 […]

OnlineNavigator in 2016

Posted Leave a commentPosted in Health Insurance, News and Politics, Social Media

For more than 30 years I’ve addressed consumer finance questions related to health insurance planning. It started as an effort to market my young financial planning practice in a local newspaper back in 1983 and is now an online social media activity through the trademark OnlineNavigator. I’ve lost count of how many thousands of consumer […]

4980D Small Business Excise Tax Liability

Posted 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 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 […]