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Old 06-05-2013, 08:13 PM   #1
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The HIC Group on ACA Approved Limited Medical Plan? - Insurance Forum
 
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ACA Approved Limited Medical Plan? ACA Approved Limited Medical Plan?
Has anyone ever heard of the Pana "bridge" program by Panamerica?

If so, what are your thoughts?

Thanks in advance.
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Old 06-06-2013, 01:09 PM   #2
ABC
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ACA Approved Limited Medical Plan? Re: ACA Approved Limited Medical Plan?
No,
The concept that I am seeing right for the loophole is,

The group self funds the minimum essential benefits and the puts a full insured limited medical benefit plan in place.

I have not seen numbers on this approach but it will be interesting to see if it cost more than $2,000 per employee.
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Old 06-06-2013, 01:12 PM   #3
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ACA Approved Limited Medical Plan? Re: ACA Approved Limited Medical Plan?
Originally Posted by ABC View Post
No,
The concept that I am seeing right for the loophole is,

The group self funds the minimum essential benefits and the puts a full insured limited medical benefit plan in place.

I have not seen numbers on this approach but it will be interesting to see if it cost more than $2,000 per employee.
$2,000 per employee is the starting point. Remember that the amount paid in fines is NOT a tax-deductible business expense.

And there are other factors out there to consider as well.
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Old 06-06-2013, 01:24 PM   #4
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ACA Approved Limited Medical Plan? Re: ACA Approved Limited Medical Plan?
Originally Posted by stuy119 View Post
$2,000 per employee is the starting point. Remember that the amount paid in fines is NOT a tax-deductible business expense.

And there are other factors out there to consider as well.
Add to that the fact that you receive no product for your $2,000 non-deductible expense. If you buy health insurance, at least you get a tax deduction and you purchase a benefit plan.
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Old 06-06-2013, 01:26 PM   #5
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The HIC Group on ACA Approved Limited Medical Plan? - Insurance Forum
 
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ACA Approved Limited Medical Plan? Re: ACA Approved Limited Medical Plan? The HIC Group is the thread starter for: ACA Approved Limited Medical Plan?

Originally Posted by Ann H View Post
Add to that the fact that you receive no product for your $2,000 non-deductible expense. If you buy health insurance, at least you get a tax deduction and you purchase a benefit plan.
Panamerica is stating that they can offer a min value plan at a 400.00 price point for single?
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