Small business need-to-know — changes becoming effective in 2013. Human resources management
Excerpt: The Affordable Care Act was enacted on March 23, 2010 and includes the following important tax provisions that take effect in 2013.
Read full article via Affordable Care Act Changes in 2013 | Intuit News Central.
Human resources management — benefits healthcare and the new Patient Protection and Affordable Care Act. Small business need-to-know
Excerpt: The Medical Loss Ratio (MLR) mandate, within the Patient Protection and Affordable Care Act, requires insurance companies to spend 80 to 85 percent of premium dollars on medical care and health care quality improvement. This provision just started in August, but how will it impact the insurance industry and employers?
“The MLR Legislation has a perverse incentive; when utilization and costs increase, an insurance company makes more money,” says Mark Haegele, director, sales and account management, with HealthLink.
Smart Business spoke with Haegele about what MLR does and the ramifications for health insurance companies, brokers and, ultimately, employers.
Read full article via How health insurance companies and employers are dealing with the new Medical Loss Ratio mandate | Smart Business.