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Changing the Employee Benefit Conversation

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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 >>

The Washington Examiner (8/10, Leonard) reports the Trump Administration on Thursday gave insurers three more weeks to submit ACA premium rate requests, according to the Centers for Medicare and Medicaid Services. READ MORE >>

Reuters (8/2, Cornwell, Humer, Heavey) reports that governors of both parties, led by Govs. Charlie Baker (R) and Terry McAuliffe (D), are urging the Trump Administration and Congress to continue funding Affordable Care Act payments to health insurers. READ MORE >>

On its front page, the New York Times (8/1, A1, Pear, Kaplan, Subscription Publication) reports that on Tuesday, a bipartisan group of Senators attempted “to defuse President Trump’s threat to cut off critical health insurance payments, moving around the president toward bipartisan legislation to shore up the Affordable Care Act. READ MORE >>

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