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"STOP Buying Health Plans and START Buying Health Insurance!"
This book is a guide with the latest techniques and strategies that show you how to save thousands on your group health insurance program.
CPA's - We are approved by both the NJ & NY Boards of Accountancy to provide CE credits to CPAs on HDHP/CDHC
News
Medicare Part D notices due November 15th 2009
If you offer a group health plan with prescription drug benefits, you must send all participants who are also covered by Medicare either a Notice of Creditable Coverage or a Notice of Non-Creditable Coverage by November 15th 2009. Model Disclosure Notices can be found at: http://www.cms.hhs.gov/CreditableCoverage/08_CCafterJanuary1.asp#TopOfPage
This is one of two annual notice requirements imposed by the Centers for Medicare and Medicaid Services (CMS), which also mandates that you notify them (CMS) about your plan’s creditable coverage status no later than the 60th day after the start of each plan year. To notify CMS, please use the following link: https://www.cms.hhs.gov/CreditableCoverage/45_CCDisclosureForm.asp.
Health Net Sells Northeast Subsidiaries & Renewal Rights to UnitedHealthcare
Important Health Net News
Health Net, Inc. has signed a definitive agreement to sell its Northeast subsidiaries and membership renewal rights to UnitedHealthcare. They expect the transaction to close in up to 12 months, subject to regulatory and other approvals. Generally, Health Net customers will transition to UnitedHealthcare as they renew their benefit contracts. The transition of membership to UnitedHealthcare will continue for approximately 12 to 24 months after closing.
The transaction includes their commercial membership in Connecticut, New York and New Jersey, Medicare membership (Connecticut only) and Medicaid membership (New Jersey only). Health Net’s Medicare Prescription Drug Plan (PDP) membership is not included with the exception of PDP membership in the state of New York.
Upon closing the transaction, UnitedHealthcare and Health Net of the Northeast will enter into an administrative services arrangement where Health Net of the Northeast will continue to manage the business in the Health Net subsidiaries on behalf of UnitedHealthcare while members transition to UnitedHealthcare plans. The employees and management team that have been providing services will continue to do so during this period. Health Net is working to ensure that all members, customers and business partners experience a seamless transition of services.
We will continue to communicate with you as more details become available. You can read more on Health Net's website www.healthnet.com or click this press release. Should you have any questions please contact your Stratford Representative or call 866-217-9053.
Sincerely,
Daniel Ritter, CEO
Amendment to the Dependent to Age 30 (31) Continuation Benefit
Effective January 1, 2009, the Dependent to Age 30 Continuation Benefit has changed to the Dependent Under 31 (DU31) Mandate. Now, dependents younger than 31 but older than the limiting age for dependent children stated in the group health benefits plan will be permitted to elect continued coverage if the required criteria is met.
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