Congratulations to Brandon Scarborough for being Benefits Selling’s 2012 Broker of the Year Power Group Consultant Wins Top National Honor SAN ANTONIO, Texas, May 10, 2012 /PRNewswire/ – Benefits Selling magazine, published by Summit Business Media, announced today that Brandon Scarborough has been named the 2012 Broker of the Year at the 8th Annual Benefits Selling [...]
Continue reading PowerNotes: May, 2012
IRS Updates Guidance on W-2 Reporting of Health Coverage Costs The Internal Revenue Service has released updated guidance for employers on W-2 reporting of aggregate coverage costs under group health plans, which will soon be required by the Patient Protection and Affordable Care Act. Issued in Q&A format, Notice 2012-9 makes changes to earlier guidance [...]
Continue reading PowerNotes: January, 2012
HHS Announces End of Early Retiree Reinsurance Program The Patient Protection and Affordable Care Act (PPACA) established the Early Retiree Reinsurance Program (ERRP). The ERRP is a temporary program that provides reimbursement to eligible employers (and employment-based plans) for part of the cost of providing health care coverage to early retirees and their families. Early [...]
Continue reading PowerNotes: December, 2011
Supreme Court Will Review Health Care Reform Law in 2012 A number of legal challenges to the health care reform law have been filed in federal court since the law was passed in March 2010. Nearly all of the challenges have been based on constitutional grounds. So far, four U.S. Courts of Appeals – the [...]
Continue reading PowerNotes: November, 2011
CLASS Dismissed: Obama Administration Pulls Plug On Long-Term Care Program Federal officials on Friday effectively shut down part of the health care law that would have helped consumers cover some long-term-care costs, saying they could not find a way to make it work financially. Although there has been talk of ressurecting it in some form, if [...]
Continue reading PowerNotes: October, 2011
The Patient Protection and Affordable Care Act (PPACA) requires states to operate health insurance exchanges (Exchanges) to provide a competitive marketplace where individuals and small businesses will be able to purchase affordable private health insurance coverage, effective Jan. 1, 2014. According to the Department of Health and Human Services (HHS), the Exchanges will make it [...]
Continue reading Health Care Reform: HHS Issues Proposed Guidance on State Insurance Exchanges
In a recent Fortune article, Michael McCallister, Humana’s CEO, discusses his company’s history, the new health care law, and individual wellness. Recalling the history of the company, McCallister describes Humana’s core business and the evolution thereof. His discussion focuses on the current health care system and the health care reform law. Finally, he argues that [...]
Continue reading Humana’s CEO Discusses Future of Health Care
(The following information comes from our Healthcare Reform Advisory Committee partners at Polsinelli Shutghart.) On December 22, 2010, the Internal Revenue Service issued IRS Notice 2011-1, through a joint agreement with the Treasury Department, the Department of Labor and Department of Health and Human Services, which delays the effective date for compliance and enforcement of [...]
Continue reading Delayed Application of Nondiscrimination Rules for Fully Insured Plans
Power Group, the fastest growing insurance brokerage in the Midwest, has formed yet another partnership designed to accelerate that growth even more. Power Group has joined with GroupSource, an aggressive group purchasing provider with clients throughout the U.S. and headquartered in Lenexa, KS, to launch a joint venture: PowerSource. “Every day we help struggling businesses [...]
Continue reading Power Group and GroupSource partner to form PowerSource
Healthcare Reform & the Mid-term Elections: What’s Next? Repeal? Overhaul? Funding changes? Join Power Group and former Congressmen Martin Frost & Kenny Hulshof, both currently public policy attorneys with Polsinelli Shughart, for an inside look at what a divided Congress means for the future of Healthcare Reform. WHERE: Sheraton Overland Park Hotel, 6100 College Boulevard, [...]
