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Group Planners Inc. Blog: 8_2017

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Now is a great time to get familiar with a Professional Employer Organizations (PEO).  Here are the Top 9 Reasons why a PEO might be right for your business. Reduced cost of services for HR, payroll, WC and benefits improves the company financials. READ MORE >>

8/31/17 - Healthfirst Insurance Company, Inc. (Healthfirst) has made an amendment to its small group underwriting guidelines. Effective immediately, they will accept other-employer-sponsored coverage as a “valid” waiver towards the overall participation requirement of 60%. READ MORE >>

8/25/17 Long Island Press - CareConnect, the health insurance unit of Long Island-based Northwell Health hospital group, is pulling the plug on its four-year-old operations, leaving 125,000 enrollees scrambling to find a new insurer, the company announced Thursday. READ MORE >>

On August 25, 2017 the New York State Department of Taxation and Finance (DFS) released highly anticipated guidance regarding taxation of PFL benefits and premium in Notice N-17-12. Here are the key points: Benefits: Benefits paid to employees will be taxable non-wage income that must be included in federal gross income READ MORE >>

8/15/17 - Financial Services Superintendent Maria T. Vullo announced the 2018 health insurance rates for New York’s individual and small group markets, including rates for the NY State of Health, New York’s official health plan marketplace. - http://www.dfs.ny.gov/about/press/pr1708151. READ MORE >>

Consumer Reports offer a hospital comparison tool - https://www.consumerreports.org/health/hospitals/ratingsSelect hospitals to compare them in the following categories - Avoiding Infections, Childbirth, Safety, Heart Surgery and Overall Patient Experience. READ MORE >>

In a front-page article, the New York Times (8/15, A1, Pear, Kaplan, Subscription Publication) reports that on Tuesday, the Congressional Budget Office said if President Trump makes good on his threat to stop making ACA subsidy payments to insurers, “premiums for the most popular health insurance plans would shoot up 20 percent next year. READ MORE >>

The AP (8/4, Kellman, Rosenberg) reports the current “political turmoil around” the ACA “all but guarantees” that employer-based health coverage will be a fixture for some time to come. The article says this form of healthcare coverage “is so ingrained in the America... READ MORE >>

The Washington Post (8/13, Snell) reports that members of the House Freedom Caucus “hope to revive the failed effort to gut the Affordable Care Act with a long-shot drive to force” House Speaker Paul Ryan (R-WI) to hold a vote to repeal law without a replacement. READ MORE >>

Shelterpoint shares some very important information on PFL contributions. http://pfl.shelterpoint.com/blog/pfl-calculating-withholdings?utm_source=sf&utm_campaign=PFL&utm_medium=email&utm_term=30&utm_content=email READ MORE >>

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