Self-funded groups be on the look out for information on PCORI (Patient-Centered Outcomes Research Institute) - it is one of the taxes you will need to pay for PPACA. (If you are not a self-funded group your carrier is taking care of filling this tax.) It is due by July 31, 2013 for groups with plan years that end between October 1, 2012 and October 31, 2013.
Our state legislature has been very busy trying to pass laws to implement PPACA. Some have been useful and necessary and some are overreaching. Please take a few minutes out of your day to contact your state representatives and let them know how you feel. Two such bills are SB639 and SB189. State Senate Bill 639 (Hernandez) is one of the over reaching bills. It sets forth to limit choices in individual, small group and large group health insurance policies. The limits proposed in the bill are not actuarially sound and will do more harm than good in the long run. State Senate Bill 189 (Monning) proposes bans on wellness plans. We all know that wellness plans are for the good of individuals as well as our state on a whole. Limiting or banning all together these plans does not help to make a healthier state.
If you would like more information on the taxes being imposed by PPACA or state legislation please feel free to contact us at angela@ansainsuranceservices.com or call us at 714-680-5900.
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