ThedaCare to Leave Network Health

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ThedaCare announced last week that it will leave Network Health on December 31, 2016. The Appleton-based health system first informed the Menasha-based health insurer last month that it would not continue the five year partnership that was due to expire at the end of July. The new extension will give Network Health employer groups and members extra time to adapt to the change, but will still result in significant disruption in the Northeast Wisconsin health insurance market.

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7 Weeks Left for HR Awards Nominations

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The Milwaukee Business Journal is now accepting nominations for its second annual HR Awards. The HR Awards recognize the important work individuals, companies and organizations do in the field of human resources to make southeastern Wisconsin firms and organizations successful. In addition to receiving cash prizes, the winners will be honored at an awards dinner on May 20 and will be featured in a special section in the Business Journal. You can read about last year’s winners Continue Reading →

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ACA Reporting Deadlines Delayed

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Yesterday the IRS released Notice 2016-4, which delays the ACA reporting due dates for both furnishing forms to individuals and filing forms with the IRS. This is welcome news to many employers who are scrambling to complete their first effort at reporting, which must cover the 2015 plan year.

The delay gives employers an extra two months to furnish forms to individuals by changing the deadline from February 1, 2016 to March 31, 2016. Employers have an extra three months ...

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2016 Rate Review Submissions Filed

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The Affordable Care Act (ACA) requires individual and small group rate increases that exceed 10% to be published, reviewed, and approved by state or federal regulators. This requirement does not apply to grandfathered health plans that predate the ACA. This rate review process is one of two ways the ACA addresses the issue of health plan costs, with the 80/20 Medical Loss Ratio being the other.

Rates for 2015 and 2016 are now available for public viewing at Continue Reading →

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