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R&R Insurance Blog

Individual Marketplace Exchange: 41% Rate Increase for 40 Year Olds In Milwaukee

Posted by Jane Shevey

Steth_MoneyWith the onset of Obamacare and the need for individuals to make decisions about their own health insurance purchases, I thought it appropriate to share the information we received from the Wisconsin Office of the Commisstioner of Insurance, (OCI).

Taken directly from the press release dated September 3, 2013:
The Wisconsin Office of Commissioner of Insurance (OCI) has completed its initial analysis of rate filings in the individual market.

View Percent Increase Chart published by the OCI.

"While the exchange in Wisconsin will be run by the federal government, insurers wanting to offer coverage in the exchange had to file their rates with OCI. With our review of the exchange rate filings completed, we have attempted to compare what Wisconsin consumers are paying today to what plans will cost post 2014 under the new federal health law," stated Commissioner Nickel. "The truth is that comparisons are difficult because rates are going to vary based on age and where you live."

"With that said, from our analysis, it appears premiums will increase for most consumers. And, while there is no question that some consumers will have subsidies and may not pay these higher rates," Commissioner Nickel continued, "someone will pay for the increased premiums whether it is the consumer or the federal government."

Wisconsin Health Exchanges Offer Slim Pickins

How to Get, or Keep, Health Insurance if You Are Self Employed

5 Mistakes to Avoid When Buying Individual Health Insurance

7 Tips on How To Pick The Best Individual Health Insurance Coverage

Wisconsin residents: for more information about Obamacare, PPACA or individual health insurance, please contact knowledgebroker Jane Shevey.

Join our group on LinkedIn: Obamacare: Strategies for Business to Survive. We welcome you to join in the conversation with our LinkedIn group dedicated to discussions for business owners on Obamacare: Strategies for Business To Survive. Read articles, download documents, join the conversation, and add your expertise!

Topics: ObamaCare, Health Reform, Wisconsin Health Exchanges, Voluntary Benefits, Commissioner Nickel, Wisconsin Office of Commissioner of Insurance (OCI, Jane Shevey, Individual Health Insurance, PPACA, Individual Marketplace Exchange

Health Benefits Continue to Be Key for Employers Despite Obamacare

Posted by Jane Shevey

Emp Benefits Policy82% of mid-to-large size employers surveyed in a recent Towers Watson survey will continue to view health care benefits as a key element of their employee’s compensation in 2014. Despite the impending Obamacare mandates and ACA excise tax - known as the Cadillac Tax - employers continue to value health insurance benefits.

As employers move forward they will be looking to keep their plans affordable and viable - maintaining a sustainable plan amidst cost increases (5.2% increase projected for 2014). Full article on Towers Watson survey results.

Wisconsin based employers are considering a self-funding approach or adding additional voluntary benefits such as dental, vision, life insurance and disability insurance to offset any changes they may be implementing.

We've always known that offering quality health insurance coverage is a critical part of remaining competitive in today's talent marketplace. This news is just a reiteration of what I am seeing on the street when I talk to my customers and prospects. Smart, educated decisions moving forward will help curtail any pain PPACA might inflict.

For Wisconsin employers interested in self funding options or voluntary benefits for their plans, please contact me.

Topics: ObamaCare, Employee Benefits, Health Reform, Voluntary Benefits, Towers Watson, Jane Shevey, ACA excise tax, Self Funded Health Insurance, PPACA, ACA, cadillac tax

FMLA: Educating Your Managers On New FMLA Guidelines

Posted by Jane Shevey

family2Can you ensure your response to an employee’s request for Family Medical Leave Act (FMLA) is appropriate, consistent, and includes the appropriate certifications? Have you educated and informed your managers about their role and personal responsibilities in following FMLA guidelines?

Here are key elements of the Family Medical Leave Act that you and your managers should know:

  • The 3 Critical Areas Affected by the New FMLA Regulations
  • New Obligations for Military Leave Amendments
    1. Military Caregiver Leave: Clarifications to the Existing Leave
    2. Qualifying Exigency Leave: Understand the New Leave Provisions
    3. Non-Military Family and Medical Leave Issues Eligible Employees
  • Definition of a 'Serious Health Condition' under the New Provisions
  • Medical Certification Dos and Don'ts
  • Intermittent FMLA Compliance:
    • Who is Eligible?
    • What Employers Can Require?
    • Employer Rights
    • Recognizing FMLA-related Leave Requests
    • Lessons Learned from Court Cases
  • Handling the 'Bermuda Triangle' - the Interplay Between the ADA, FMLA, and Worker's Compensation
  • Curbing FMLA Abuse
    • What You Can - and Cannot Do - When Investigating Potential Abuses
    • Strategies to Minimize Abuse

Get the practical advice and compliance guidance you need to avoid mistakes and protect your company from FMLA lawsuits. Wisconsin companies looking for more information on the FMLA, please contact knowledgebroker Jane Shevey.

Topics: Employee Benefits, Liability, HR Compliance, ADA, and Worker's Compensation, Family Medical Leave Act, Jane Shevey, FMLA