Archive for October, 2010

FAQs Released on Health Reform Implementation

Monday, October 25th, 2010

Who has a question about reform? Who better to answer that question than the government? While I’m sure there are mixed responses to the second question, it’s certainly worth your while to browse through the FAQs below.

The HHS, DOL, and IRS recently issued these FAQs on the implementation of health care reform as Part II and Part III. (Part I was issued on September 20th, 2010.) For simplicity, only the questions are included below. To view the government’s response and learn what this could mean to if you have a similar situation, please visit their website.

IRS Releases Draft W-2 Form for 2011 and Postpones Reporting Requirement

Wednesday, October 13th, 2010

The IRS issued a release yesterday announcing they will “defer the new requirement for employers to report the cost of coverage under an employer-sponsored group health plan, making that reporting by employers optional in 2011.”

Why are Insurance Companies Viewed as the Villains?

Monday, October 4th, 2010

Ways and Means health panel Chair Pete Stark (D-Calif.) said, “Plain and simple, insurance companies can’t be trusted.” This comment was Stark’s response to the announcement that most insurance companies will no longer sell new individual policies for children under 19 as health reform now prohibits pre-existing conditions exclusions.

While I understand that this is a sensitive and important topic, I am still amazed at how much negative press insurance companies are receiving for 3 reasons.