New Study Raises Questions about Government-Run Public Insurance Plan

By MooreBenefits | Apr 13, 2009

A government-run public health insurance option for middle-class families could help cover the uninsured, but it may well put private insurers out of business, a respected consulting firm concluded in a study released on April 6.The report by the Lewin Group, a public policy firm that serves government and private clients, stated the outcome of…

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Full Speed Ahead for Bill To Expand Eligibility for Cal-COBRA Coverage

By MooreBenefits | Apr 10, 2009

The Assembly Health Committee has approved a measure (AB 23) that would expand COBRA eligibility to workers at California firms with fewer than 20 employees and forwarded the measure to the Assembly Appropriations Committee, the Los Angeles Times reports. The measure was introduced last week. Currently, only workers at firms with at least 20 employees…

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Tracking COBRA Stimulus Payments and Tax Credits

By MooreBenefits | Mar 20, 2009

Obama’s cushion for COBRA will soon hit full swing. As part of the American Recovery and Reinvestment Act of 2009 (ARRA), anyone laid off or involuntarily terminated 9/1/08 – 12/31/09 gets a 65% reduction of their COBRA premums. The law was signed 2/17/09, and effective date is 3/1/09. This is the fastest I have ever…

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The Economic Stimulus Package and How It Addresses Cobra Subsidiary

By MooreBenefits | Feb 12, 2009

Economic Stimulus Update – COBRA Yesterday, the stimulus package made it through the Conference Committee and now heads back to the House and Senate for a final vote. The legislation prepared by Congressional staff indicates that the agreement calls for the following with respect to COBRA:A 65 percent premium subsidy for eligible workers for 9…

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Employee Benefits in Terms Business Owners Can Appreciate

By MooreBenefits | Feb 4, 2009

2009 Benefits GuideThis guide allows business owners to see whether your company is maximizing available health care products in the ever-changing world of employee benefits. The approach here is understandable, since the examples are in terms that everyone can relate to—- Ice Cream! If you are starting from scratch, be sure to implement these strategies…

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Top 3 Ways Employers Can Cut Health Insurance Costs

By MooreBenefits | Jan 29, 2009

Instead of layoffs and unemployment, here are key ways for companies to save money and keep employees insured, while still staying competitive! 1. Replace co-pay plans with high deductible plans and health savings accounts. Passed by legislation in 2004, this is a good idea for employers who currently offer co-pay plans with relatively low out-of-pocket…

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Which is best…COBRA or Individual Coverage?

By MooreBenefits | Jan 21, 2009

With so many people out of work, people are faced with the question of continuing coverage under COBRA or purchasing their own insurance policy. Here is the BIG question: 1. Are you insurable? If you are healthy, your best bet is to shop for your own plan. If not, individual insurance carriers may decline to…

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IRS Guidance on Health Savings Accounts

By MooreBenefits | Dec 22, 2008

For all the companies out there trying to determine the exact rules of how much an employer may contribute toward Health Savings Accounts, and how to avoid violating non-discrimination rules, the IRS released this advice today: Employer matching contributions to the HSA through a cafeteria plan are not subject to the comparability rules, but…

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Moore Benefits Inc. on CNBC Live

By MooreBenefits | Dec 11, 2008

Companies are looking for creative ways to cut costs in light of skyrocketing health care expenses. American Business Bank is one of my clients who offers a high-deductible health plan, with a Health Savings Account, alongside traditional plans. Since most employees selected that plan, the bank actually reduced their expenses this year, whereas most companies…

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