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richbucsfan

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« #105 : September 05, 2013, 06:27:23 PM »

What's all the fuss, it's all free.  Free, free, free. 

dbucfan

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« #106 : September 07, 2013, 07:25:34 PM »

This Obamacare stuff should work out, someday, maybe, after we are all dead and buried....

Citing costs, IBM to move retirees off health plan
Published September 07, 2013
The Wall Street Journal
International Business Machines Corp. plans to move about 110,000 retirees off its company-sponsored health plan and instead give them a payment to buy coverage on a health-insurance exchange, in a sign that even big, well-capitalized employers aren't likely to keep providing the once-common benefits as medical costs continue to rise.
The move, which will affect all IBM retirees once they become eligible for Medicare, will relieve the technology company of the responsibility of managing retirement health-care benefits. IBM said the growing cost of care makes its current plan unsustainable without big premium increases.
IBM's shift is an indication that health-insurance marketplaces, similar to the public exchanges proposed under President Barack Obama's health-care overhaul, will play a bigger role as companies move coverage down the path taken by many pensions, paying employees and retirees a fixed sum to manage their own care.
In notices signed by Chief Health Director Kyu Rhee, IBM has told retirees in recent weeks that to keep receiving coverage, they will need to pick a plan offered through Extend Health, a large private Medicare exchange run by New York-based Towers Watson & Co.
Medicare is the federally administered system of health insurance for people age 65 and over, and the disabled. Some people buy Medicare Advantage plans, administered by private insurers, and others buy policies to cover gaps in Medicare coverage.
IBM told retirees that its current retiree coverage will end for Medicare-eligible retirees after Dec. 31, 2013, according to documents reviewed by The Wall Street Journal and confirmed by IBM.
"Cost increases under our current retirement group health care plan are no longer sustainable for you," IBM said in the notices. "Health care costs under IBM's current plan options for Medicare eligible retirees will nearly triple by 2020, significantly impacting your premium and out of pocket costs," the notice said.
Exchanges such as Extend Health generally present policies from a range of insurers and let participants choose what best meets their needs and budgets. The aim is to create competition that keeps costs down.
Instead of subsidizing retiree health premiums directly, IBM will give retirees an annual contribution via a health retirement account that they can use to buy Medicare Advantage plans and supplemental Medicare policies on the exchange, as well as pay for other medical expenses. Retirees who don't enroll in a plan through Extend Health won't receive the subsidy.
Some companies began experimenting with exchanges around eight years ago after accounting changes forced public corporations to disclose future health-care obligations.
Click for more from WSJ.com



\"A Great Coach has to have a Patient Wife, A Loyal Dog, and a Great Quarterback. . . . but not necessarily in that order\" ~ Coach Bud Grant

dbucfan

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« #107 : September 10, 2013, 11:21:10 PM »

Small companies should be on the lookout regarding previously unknown "rules" with fines....


What Small Businesses Need to Do for Obamacare Before Oct. 1
By Karen E. Klein September 03, 2013
     

The health insurance marketplaces created by the Affordable Care Act will open on Oct. 1. Most small employers—those with 50 or fewer full-time employees—are not required to offer health insurance coverage under the Affordable Care Act. Even businesses with more than 50 full-time employees have gotten a one-year reprieve from penalties if they don’t offer insurance. But all companies, regardless of size, are required to notify their employees about the Obamacare marketplaces.

The state and federal insurance exchanges are websites on which individuals and small businesses can shop for health plans. Though the deadline is less than a month away, many small businesses don’t know they have to notify employees, says Keith McMurdy, a benefits partner in the law firm of Fox Rothschild in New York. He has spoken to dozens of small business groups around the country in the past year and says most small business owners are unaware of the requirement or are under the misconception that it doesn’t apply to them because they’re too small to be governed by the health-care reform law’s mandate. McMurdy says it’s not clear how the requirement will be enforced, but penalties for businesses that don’t comply could reach $100 per worker per day.

“An employer with 10 employees typically says, ‘I don’t have to worry about it, because I don’t have to offer insurance.’ A lot of them are going to miss the deadline and be unpleasantly surprised when they do,” he says. The notification requirement applies to any business regulated under the Fair Labor Standards Act, which covers all companies with at least one employee and $500,000 in annual revenue. “There are no exceptions for small employers, which means nearly everybody has to get out this notice to their employees. We have been getting a lot of questions about it from small business owners,” says John Barlament, a lawyer in the employee benefits group at Quarles & Brady in Milwaukee.

STORY: Obamacare Still Lets Employers Discriminate—for Now
The U.S. Department of Labor has posted information about the notification requirement on its website and has provided model notices that can be used both by employers who offer insurance (PDF) and by those who do not offer insurance (PDF).

The one- to three-page model notices can be downloaded, filled out, and printed, either for distribution in the office or for mailing to employees’ homes, McMurdy says. Employees who come on board after Oct. 1 must get the notice within 14 days of their start date with the company. “People ask me what’s the safest way to do this, and I always say, if the government gives you a model, use it. Or make yourself a comparable form, modified the way you need it, and use that. The safest route is to put it in the U.S. mail or follow the instructions for distributing it electronically,” he says. “The employer obligation is met at that point. I don’t see any requirement that you have to get signatures saying your employees have received it or maintain proof of the fact that you gave it out.”

The second and third pages of the model notices are optional, Barlament says. He is encouraging his small business clients to include the upper portion of page 2, which describes the insurance coverage provided by the company, but to leave off the rest of that page and page 3, which he feels could be confusing.

BLOG: Can a New Obamacare Site Remedy Employers' Confusion?
Sending out this notice is another in a long list of compliance issues for business owners around the ACA, McMurdy says, and most that he speaks with resent the extra work. However, he is starting to sense “general acceptance of the misery” and is hearing more employers say they expect to get used to the major provisions of the law when they go into effect next year. “It’s kind of like when COBRA came in and business owners said, ‘This will kill us, this is insane,’ and before long they got used to the idea.”


Klein is a Los Angeles-based writer who covers entrepreneurship and small-business issues.

\"A Great Coach has to have a Patient Wife, A Loyal Dog, and a Great Quarterback. . . . but not necessarily in that order\" ~ Coach Bud Grant

VinBucFan

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« #108 : September 16, 2013, 08:49:16 PM »

http://www.nationalreview.com/article/358550/congresss-exemption-obamacare-john-fund

Prostitution. Bribery. Blackmail. Thuggery. Hypocrisy.

Those were just some of the incendiary words thrown around the U.S. Senate last week, and that doesn’t count what people said in private.

CBWx2

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« #109 : September 17, 2013, 01:15:04 AM »

Well, if John Fund says it...

The National Review Online? This, from someone who always attacks people for being too partisan. LOL! What a freaking hypocrite.


deadzone

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« #110 : September 17, 2013, 08:02:23 AM »

Pardon me folks, but Obummer is now calling it the Affordable Health Care Act or some bullspit related...which means if you're a crackhead living in the Mangroves, you'll now get a free P.O. box and a nice government subsidy each month, and maybe a free cab ride to the Post Office to pick it up.........

Bucfucious

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« #111 : September 18, 2013, 11:46:41 AM »

Crackheads can vote, and that vote counts just as much as the vote of a productive citizen.

dbucfan

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« #112 : September 18, 2013, 02:35:33 PM »

Crackheads can vote, and that vote counts just as much as the vote of a productive citizen.
It is an issue

\"A Great Coach has to have a Patient Wife, A Loyal Dog, and a Great Quarterback. . . . but not necessarily in that order\" ~ Coach Bud Grant

Dolorous Jason

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« #113 : September 18, 2013, 04:14:31 PM »

Crackheads can vote, and that vote counts just as much as the vote of a productive citizen.

...and that's why all democracies throughout history eventually implode on themselves.  Because people realize they can vote themselves free goodies and other people's money.

What is your point? I was wrong? Ok. You win. I was wrong.

           

CBWx2

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« #114 : September 18, 2013, 04:22:45 PM »

Crackheads can vote, and that vote counts just as much as the vote of a productive citizen.

...and that's why all democracies throughout history eventually implode on themselves.  Because people realize they can vote themselves free goodies and other people's money.

Democracies implode, but those feudal societies sure have stood the test of time, huh?


Dolorous Jason

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« #115 : September 18, 2013, 04:32:15 PM »

No they dont work either.

What is your point? I was wrong? Ok. You win. I was wrong.

           

Bucfucious

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« #116 : September 18, 2013, 04:47:03 PM »

Anarchy is still around.

CBWx2

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« #117 : September 18, 2013, 05:01:12 PM »

No they dont work either.

Societies in general implode, DJ. That's what history shows. Being a democratic society or not doesn't have nearly as much of an impact on it as you seem to think.


spartan

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« #118 : September 18, 2013, 08:58:41 PM »

Crackheads can vote, and that vote counts just as much as the vote of a productive citizen.

...and that's why all democracies throughout history eventually implode on themselves.  Because people realize they can vote themselves free goodies and other people's money.

Democracies implode, but those feudal societies sure have stood the test of time, huh?

Funny enough, on average those feudal societies lasted a lot longer than any democracy that has been around.

CBWx2

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« #119 : September 19, 2013, 01:32:38 AM »

Crackheads can vote, and that vote counts just as much as the vote of a productive citizen.

...and that's why all democracies throughout history eventually implode on themselves.  Because people realize they can vote themselves free goodies and other people's money.

Democracies implode, but those feudal societies sure have stood the test of time, huh?

Funny enough, on average those feudal societies lasted a lot longer than any democracy that has been around.

True. Many of them also ended in bloody revolution, or under the threat of bloody revolution, whereas, Athenian democracy ended due to Roman conquest, not because it "imploded on itself because people realized that they could vote themselves free goodies and other people's money."

In fact, I am unaware of any democracy that imploded for sed reason.

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