Kapnick Insurance Group’s Patrick Pennefather Becomes PPACA Certified

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FOR IMMEDIATE RELEASE

Kapnick Insurance Group’s Patrick Pennefather Becomes PPACA Certified

Southfield, MI – Patrick Pennefather, CLU, ChFC, CEBS, LUTCF, Senior Client Manager/Research & Technical Services became certified through the National Association of Health Underwriters’ (NAHU) new professional development course on the Patient Protection and Affordable Care Act (PPACA). Pennefather completed this 10-hour course to receive the most up-to-date information on the key technical components of PPACA and is prepared to counsel Kapnick clients on upcoming required healthcare changes and new options for health plans.

“By taking this course, approved in all 50 states, Pennefather has joined an elite group that is uniquely qualified to assist clients in complying with the new law,” said NAHU CEO Janet Trautwein. “He understands how the market is likely to change over the next few years, and is in the perfect position to advise businesses in planning for the future.”

Topics of study included:
• Implementing healthcare reform—overview and politics
• Grandfathered plans and the small-business tax credit
• Medicare Part D and non-discrimination rules
• Patient protection and changes to consumer-directed health plans
• Medical loss ratio requirements and tax implications
• W-2 reporting, summary of benefits, waiting periods, essential benefits and community rating
• Individual mandate, pre-existing conditions and rating reform
• Health insurance exchanges for individuals and small employers
• Employer pay or play
• Self-insured plans

“The ACA is complicated and our clients need guidance – we are proud to have an individual on staff who has received this certification so that we can provide the consultation that our clients need regarding the ever-changing marketplace,” according to Steve Peck, President – Kapnick Benefit Services.

The course is delivered through NAHU’s Online Learning Institute. More information is available at www.nahu.org/education/certifications/ppaca.cfm.

About Kapnick Insurance Group – Kapnick Insurance Group is a third generation, family-owned agency headquartered in Adrian, Michigan – with additional offices in Ann Arbor and Southfield. Their nearly 150 employees have been providing clients business insurance, employee benefits and more for over 65 years. To learn more, visit their website at www.kapnick.com.
Point of Contact: – Rene’ Carpenter | 888.263.4656 x1154 | rene.carpenter@kapnick.com

Delay of Employer Mandate Penalties & Reporting Requirements

 

 


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NEW: IRS Guidance on Delay of Employer Mandate Penalties and Reporting Requirements

On July 9, 2013, the Internal Revenue Service (IRS) issued Notice 2013-45 to provide formal guidance on the delay of the Affordable Care Act (ACA) large employer “pay or play” rules and related information reporting requirements. The provisions affected by the delay are:

  • § 4980H employer shared responsibility provisions;
  • § 6055 information reporting requirements for insurers, self-insuring employers and certain other providers of minimum essential coverage; and
  • § 6056 information reporting requirements for applicable large employers.
LEARN MORE > July 12

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Join us in Ann Arbor for a light breakfast and presentations covering the survey results, use of Social Media in the Workplace, Health Coaching and more from our Keynote Speaker, Dr. Frank McGeorge!

 

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Health Care Reform –
Kapnick Disclaimer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

LEARN MORE >  

July 9 – Keeping You in the Know – Health Care Reform Update

Hot Health Care Reform Topics
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Taxes & Fees: PCORI Fee

Reminder Comparative Effectiveness Research Fee Due on July 31, 2013.

CLICK HERE for 720 Quarterly Federal Excise Tax Return Form Click LEARN MORE below for detailed information about the PCORI Fee and IRS form instructions.

Access other ACA documents and the 2013 Legal seminar presentations on the Kapnick website  kapnick.com

LEARN MORE > Tues, July 9

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Join us in Ann Arbor for a light breakfast and presentations covering the survey results, use of Social Media in the Workplace, Health Coaching and more from our Keynote Speaker, Dr. Frank McGeorge!

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 MikeKfrontGroupweb

Health Care Reform – Kapnick Disclaimer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

LEARN MORE >  

July 3 – Keeping You in the Know – Health Care Reform Update


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Hot Health Care Reform Topics
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Employer Mandate Penalties Delayed Until 2015

The Obama Administration has postponed the Affordable Care Act (ACA) employer mandate penalties for one year, until 2015. The Department of the Treasury announced the delay on July 2, 2013, along with a similar delay for information reporting by employers, health insurance issuers and self-funded plan sponsors.

LEARN MORE > Wed, 3 Jul
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Health Care Reform
Kapnick Disclaimer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
LEARN MORE > Wed, 3 Jul

June 4 – Keeping You in the Know – Health Care Reform Update

 

 


Hot Health Care Reform Topics
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IRS Limits for 2014

The Internal Revenue Service announced higher limits for 2014 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them.

LEARN MORE > Tues, June 4

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Legal / HR – Health Care Reform Seminar

June 11th – The Inn at St. John’s 

Join us for an informational seminar focusing on the Affordable Care Act (ACA) as well as employment law, legislative updates, hot topics on the forefront and timely court cases illustrating these topics.

Click HERE to sign-up!

 98143497-1

Health Care Reform –
Kapnick Disclaimer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

LEARN MORE >  

MAY 17 – KEEPING YOU IN THE KNOW – HEALTH CARE REFORM


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DOL Releases Model Notice of Exchange

The Department of Labor (DOL) has released guidance and model notice language for employers to use to meet the Affordable
Care Act (ACA) employee exchange notice requirement. The Affordable Care Act (ACA) requires that employers must provide each employee with a written notice containing the information regarding exchanges, and possible subsidies when purchasing individual coverage through a public exchange…

LEARN MORE > Fri, 17 May

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Health Care Reform –
Kapnick Disclaimer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

LEARN MORE > Fri, 17 May

March 26 – Keeping You in the Know – Health Care Reform

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Proposed Guidance Issued on 90-day Waiting Period Limit

 

For plan years beginning on or after Jan. 1, 2014, the Affordable Care Act (ACA) prohibits group health plans and group health insurance issuers from applying any waiting period that exceeds 90 days. ACA’s 90-day waiting period limit applies to both non-grandfathered and grandfathered group health plans and health insurance coverage.ACA’s 90-day waiting period limit does not require an employer to offer coverage to any particular employee or class of employees, including part-time employees. It only prevents an otherwise eligible employee (or dependent) from having to wait more than 90 days before coverage under a group health plan becomes effective.On March 21, 2013, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued a proposed rule on ACA’s 90-day waiting period limit. The proposed rule would apply to plan years beginning on or after Jan. 1, 2014.

 

LEARN MORE > Tue, 26 March

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Medicaid Expansion in Michigan Removed from Budget

Gov. Rick Snyder’s plan to expand Medicaid was removed by Republicans in the House Appropriations Community Health subcommittee on March 20, 2013. Snyder’s plan would expand Medicaid (allowable under the Affordable Care Act) up to 133 percent of the federal poverty limit.The subcommittee chair, Rep. Matt Lori, R-Constantine, said there is not enough support within his caucus to move forward, so he took it out of the budget. “People just need to be educated on the whole thing, “Lori said, adding they are working to build a coalition to get this done and there is still time to bring it back.
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Q&A – BCBSM to Become a Non-Profit Mutual company

BCBSM begins the transition process to a nonprofit mutual insurance company following Gov. Snyders recent signature on Senate Bills 61 and 62 (refer to our March 12, 2013 Health Care Reform Update for additional details on this health insurance reform legislation).Per Ken Dallafior BCBSM’s Executive Vice President, Group Business and Corporate Marketing, “Today begins a process that will lead BCBSM into a new era of service to our customers, our stakeholders and our state. The new regulatory system is critical as the health insurance industry undergoes significant transformation under national health care reform.” Q&A attached under Learn More.

 

LEARN MORE >

Health Care Reform –
Kapnick Disclaimer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

 

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March 12 – Keeping You in the Know – Health Care Reform

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Michigan Medicaid Expansion

As states implement the federal health care law, many are debating whether to expand their Medicaid programs in order to receive a larger federal subsidy. Gov. Rick Snyder recently announced expansion “makes sense for the physical and fiscal health of Michigan,” but state taxpayers may disagree. The Michigan Legislature would be required to propose legislation to enable Medicaid expansion.
LEARN MORE > Tue, 12 March
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Blue Cross and Blue Shield of Michigan to become a Non-profit Mutual Company

Senate Bills 61 and 62 received final legislative approval on March 5th. Originally proposed by Gov. Snyder and supported by overwhelming majorities in the House and Senate, the legislation establishes consistent regulations for all Michigan health insurers and enables the BCBSM Board of Directors to move forward with transitioning the company to become a nonprofit mutual insurer by year’s end.
LEARN MORE > Tue, 12 March

Health Care Reform –
Kapnick Disclamer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
LEARN MORE >

March 5th – Health Care Reform Update

Cost-sharing Limits for Health Plans

Beginning in 2014, the Affordable Care Act (ACA) requires certain health plans to comply with cost-sharing limits with respect to their coverage of essential health benefits. Under ACA, “essential health benefits” must be equal in scope to benefits covered by a typical employer plan and must include items and services in ten general categories, such as hospitalization, prescription drugs and maternity and newborn care.
LEARN MORE > Tue, 5 March

Health Care Reform –
Kapnick Disclamer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
LEARN MORE >

February 19th – Health Care Reform Update

Feb 2013

Keeping You in the Know – Health Care Reform Update

Hot Health Care Reform Topics

IRS and HHS Issue Proposed Regulations on Individual Mandate

On January 30, 2013, the Internal Revenue Service (IRS) and the Department of Health and Human Services (HHS) issued two sets of proposed regulations related to the individual mandate provision of the Patient Protection and Affordable Care Act (PPACA).

 

LEARN MORE > Tue, 19 Feb

ACA Penalty Flowchart for Employers

A flowchart illustrating the penalties for employers not offering affordable coverage under the ACA beginning in 2014.

LEARN MORE > Tue, 19 Feb

Proposed Contraceptive Exemption for Religious Employers

The departments of HHS, Labor and Treasury issued a proposed rule that would exempt religious employers from covering contraceptive services. The proposed rule also would simplify the definition of a religious employer as it relates to contraceptive coverage

LEARN MORE > Tue, 19 Feb

State Exchange Map of the United States

The last deadline for developing state health insurance exchanges was officially over on February 15, 2013. States were required to announce by that deadline whether they would start their own exchange, partner with the government, or completely allow the government to run an exchange in that state.

The states with exchanges completely run by the government or through a partnership must decide whether they want to make decisions about rate control or who may participate in state plans. Insurers need to decide where they will offer plans and whether they will offer them through the federal exchange program. All of these decisions must be made by October. The October deadline allows time for individuals to enroll in the new insurance plans in time for January 1, 2014 when PPACA requires the exchanges to be open.

As of the deadline 17 states and the District of Columbia decided to start their own exchange, seven states (including Michigan) have asked to partner with the government, and 26 states have defaulted to federally run exchanges.

LEARN MORE > Tue, 19 Feb

Health Care Reform –
Kapnick Disclamer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

LEARN MORE >
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