MMS Newsletter October 2016

MMS October 2016 Newsletter

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NEXT WEEK WEBINAR. YOU ARE INVITED!! What you need to know about 2016 Health Insurance Open Enrollment

HELP! MY HEALTH PLAN IS SHUTTING DOWN!

For 2016: HEALTHY NY AETNA is out. Health Republic of NY is out. Individual Market’s Oxford Liberty Network out.

**New 2016 Oxford Metro Network NY**

Would leaving the employer group market for individual market be a better idea?

Should I consider new hospital insurance plan – North Shore LIJ’s CareConnect? Crystal Run?

Can I get into a large buying group?

Tell me about a local VEBA program?

Are Private Exchanges and PEOs right for my business this year?

Only Registrants receive a copy of slide deck

HealthCare Exchange Image Nov 1 and NYS 2016 Individual Open Enrollment Deadlines

Click Here

Health Republic Shutting Down

The young Co-Op start up of 2014 will be shutting down Dec 31, 2015. Click Here

** NEW AFFORDABLE **

NATIONAL PPO Delta Dental for

Individuals

NYC skyline pencil

NYS 2016 Rates Approved Click Here

Steven Brill Blasts Obamacare: ‘No Way in the World We’re Going to Be Able to Pay for It’

New Oxford’s Garden State Network

A Few Things to Consider As You Select 2016 Benefits Offerings

Health care premiums are expected to rise in the coming year. Most employers will be looking for a balance between offering benefits they can afford and providing employees the coverage they desire. Click Full Article

NEW 2016 Oxford Metro Network NY

Oxford has released an affordable new plan for 2016 and not a moment too soon. With the recent exit of popular Health Republic of NY, Health Republic NY is Shutting Down, the market is starving for an affordable option.

More Info

A Biz Must Have – Cyber Liability

More info on new programs? Ask our liability partner, Mordy Littman.

The first massive data breach of 2015 hit one of the country’s largest insurance issuers, Anthem, Inc., including Empire Blue Cross and Blue Shield and other related entities (Anthem). The incident reportedly affected over 80 million persons who are or were covered under a policy or program insured or serviced by Anthem.

Is this really only Anthem’s problem?

How well protected is YOUR business?

In the event of a hack would you even realize this before its too late?

Even if you have IT service agreement will they insure and cover you in case of compromise hacks? Click Full Article

Draft 2015 Form 1095-C and Instructions, Increased Penalties, and Electronic Filing Steps Issued

On Aug 6th the IRS has revised draft 2015 Form 1095-C with instructions, increased penalties and issued steps for electronic filing. Click here

Long Term Care Insurance 101

Enhance Your Group Benefits Plan with LTC Insurance

Long-term care (LTC) insurance is an option employers can include with their group health plan to provide additional benefits for their employees, which helps both employers and their workforce. Click Full Article

Millennium Medical Solutions Inc. will continue to monitor any news and updates to provide you with the most up-to-date benefits administration.

This update is provided for informational purposes. Please consult with a licensed accountant or attorney regarding any legal and tax matters discussed herein.

Millennium Medical Solutions
“A passion for creative benefits solutions”

Feel free to pass this newsletter along to your colleagues and friends who may have a similar interest in these topics. We welcome your feedback and suggestions for topics that may be of use to you.

Jonathan Alex

200 Business Park Drive
Armonk, New York 10504
914-207-6161