Thursday, September 15, 2016

First Time Ever, America’s Uninsured Rate Has Fallen Below 9 Percent

Fewer Americans are uninsured than ever before, new federal data shows.
Quarterly numbers from the National Center for Health Statistics (NCHS) show that the uninsured rate fell to 8.6 percent during the first three months of 2016. That’s the lowest rate the government has on record.
Chart showing the continued decline of the uninsured rate for early 2016
The NCHS data shows states that chose to expand Medicaid programs have cut their uninsured rate in half, while states that opted out of Medicaid expansion programs have not seen as dramatic of a decline.
It also finds that more and more Americans are enrolled in high-deductible insurance plans — and those with the highest uninsured rates are young adults between the ages of 25 and 34.

States that expanded Medicaid coverage cut their uninsured rate in half

States that opted to expand Medicaid coverage to include lower-income individuals have managed to cut their uninsured rate from 18.4 percent in 2013 to 9.2 percent in the first three months of 2016.
But for the 19 states that have opted not to expand Medicaid, the decrease in the uninsured rate has not been as substantial, falling from 22.7 percent in 2013 to 16.7 percent in 2016.
Chart showing that states that expanded Medicaid have fewer uninsured people
Adults in states with an insurance marketplace managed by the federal government were also more likely to be uninsured than those individuals living in states with a state-based marketplace.

The number of Americans seeking private health coverage is increasing, but not in the marketplace

Of the 178.5 million Americans covered by private health insurance, 10.8 million, or 4 percent, are currently covered by private plans obtained through the Obamacare marketplaces. This marks a 0.4 percentage point increase from 2015 enrollment totals, which the NCHS says is not statistically significant.
More people who purchase private health insurance are enrolling in a high-deductible health plan (HDHP). Forty percent of people under the age of 45 with private health insurance were enrolled in an HDHP, compared with 36.7 percent in 2015. That’s also a nearly 15 percentage point increase from 2010, when only 25.3 percent of individuals were enrolled in an HDHP.

But younger people are still the least likely to be insured

Adults ages 25 to 34 are almost twice as likely to lack health insurance than older adults ages 45 to 64.
As of 2016, 15.9 percent of adults ages 25 to 34 lack health insurance, compared with 8.1 percent of adults ages 45 to 64. Similarly, adults ages 18 to 24 and 35 to 44 also report high rates of uninsurance — 13.7 percent and 14.3 percent, respectively.
While other demographic groups have experienced steep declines in the uninsured rate, most age groups have only experienced modest changes since 2010. The 18-to-24 age group has experienced the most dramatic decline but still reports a high percentage (14.3 percent) of uninsured individuals.

The uninsured rate did not fall dramatically for poorer Americans

Since 2013, America’s poorest adults have experienced some of the greatest declines in the uninsured rate, but as of the first three months of 2016, those steady declines might be tapering off.
Chart showing that the percentage of uninsured individuals who are poor is tapering off
No significant change was reported in the percentage of poor uninsured adults from 2015 to 2016. The uninsured rate did drop for wealthier adults, however, falling from 7.6 percent in 2015 to 6.5 percent in the early months of 2016.

But the uninsured rate continued to fall for all races and ethnicities, and especially for Hispanics

The uninsured rate has fallen most dramatically for nonwhite adults since 2013. For Hispanic adults, the uninsured rate has been cut nearly in half, dropping from 40.6 percent in 2013 to 24.5 percent in 2016.
Chart showing the percentage of uninsured individuals by race and ethnicity
African Americans and Asian Americans have also experienced steep declines in uninsured rates, as have white Americans, though not nearly as dramatically as their Hispanic peers.
Source: BenaBLOG

Wednesday, May 18, 2016

5 House Member Health Insurance Tax Ideas

A congressional panel that leads U.S. efforts to shape how the country raises and spends money today gave all House members a few minutes to talk about health care proposals and tax ideas.
In spite of complaints about Republicans' and Democrats' inability to work together to get anything done, the House Ways and Means Committee has achieved some major accomplishments in the past two years.
The panel helped shape efforts to fix the Medicare "sustainable growth rate" provider reimbursement problem, and it also helped keep the Social Security Disability Insurance (SSDI) from becoming insolvent sometime around this year's elections.
Today, Pat Tiberi, the chairman of the committee's health subcommittee, organized a "member day" hearing. Instead of listening to expert witnesses from outside Congress testify, committee members listened to their colleagues' thoughts about health-related tax provisions.
Many hearing participants shared ideas for improving health savings accounts (HSA) and other personal health accounts, and improving the Patient Protection and Affordable Care Act (PPACA) provisions related to commercial health insurance.

Source: BenaBlog

Tuesday, May 17, 2016

Agents Loooking For The Right Agency, BenaVest Offers Free Health Insurance Leads - Agents Wanted For Obamacare/ACA - Medicare - Group Health - Life Insurance

 May 17, 2016 / -- BenaVest, an Individual and Group Insurance Agency for Health, Life, and Retirement, is kicking off an intriguing and new project for the next Obamacare Open Enrollment Period. The President of the company mentioned that they "offer a combination of programs no other insurance agency is offering because we are only successful when our agents are successful" with their new agency campaign launching this summer, they plan to offer agents nationwide free exclusive health insurance leads (created by BenaVest), office space, sign on bonuses, recruitment bonuses, and stock ownership.  New Press Release by the Miami Herald  below on BenaVest's new offering.
 Careers Page at

Their power among the marketplace allows them to offer real organic leads to insurance agents for group and individual health insurance. Agents are also able to join their physical locations throughout the Nation. In Florida, they have 17 Locations including but not limited to Miami, Broward, Palm Beach County, Orlando, and Tampa. Office space and leads will be offered to experienced agents and agents that meet the training requirements. These agents will also get the benefits of local phone leads. On top of the leads, BenaVest offers SECOND TO NONE Health, Life, and Retirement Quoting Platforms for Group and Individual Clientele. Both Captive and Non-Captive Opportunities are available. BenaVest will also provide the Sales Systems, Personal, and the BEST Training and Software there is in the Industry.
BenaVest is also rolling out their "shared space" to allow agents to use temporary office space as a professional meeting point with clientele. Shared space allows BenaVest to appoint the agent with clientele, agree on a location that works for the client from BenaVest's selection of shared spaces, pass off the leads to individual agents, and have them meet at a time comfortable for the clients.  BenaVest also will market the location of agents that have their own location for free so long as they are contracted for Health Insurance with BenaVest.  BenaVest works directly with the Carrier's and in doing so we keep agents 
Agents that work with BenaVest can also receive training on how to access and utilize the best of BenaVest's Agent Portal that has training on all products and tips that will help agents bypass most of tedious and monotonous situations that are common with offering health coverage in the new ACA Market . The platform can be taught hands-on with the best of our personnel for assistance, or it can be accessed online giving agents nationwide access to great training and their automated quick answer program on all Health, Life, and Retirement products. The training teaches new agents how to use the new, advanced and easy to use quoting software's that BenaVest has attained at their expense. BenaVest's Agent Portal training program will also teach agents how to consult with employers on a corporate level through their Group Clientele Road Map. This training can always be put to use with the leads that BenaVest brings forth to the agents.  
More information about the new agency campaign can be found on BenaVest's blog page.


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Wednesday, May 4, 2016

Small Business, Health Advocacy Groups Urge House Panel to End Insurance Fines That Fall on Employers

Small business team
Dozens of employer groups and health care advocacy organizations are urging the leaders of the Ways and Means Committee to advance a bill they say would make it easier for small business owners to cover health care costs for employees.
The groups write in a letter that the committee should mark up the Small Business Healthcare Relief Act, which they say would allow small businesses with fewer than 50 employees to offer employer payment plans and health reimbursement agreements to employees to cover premiums or qualified medical expenses associated with insurance without facing fines. The committee will hold a hearing on how the tax code affects the country’s health care system Thursday, which could a potential venue to discuss the bill, said Sandra Ramos, a spokeswoman for the Council for Affordable Health Coverage, which signed the letter.
“To provide much-needed relief, we support allowing employers to provide employees with a defined financial contribution toward the cost of health care coverage,” they write. “Under this approach, employers could provide employees with a set dollar amount to use on a tax-preferred basis when purchasing health care coverage.”
The bill would end IRS penalties on small business that offer tax-free HRAs to employees, which can result in thousands of dollars in fines for the companies.
Groups among the signatories include the Chamber of Commerce, the Healthcare Leadership Council and the Small Business Council of America.
“Understandably, the movement for nixing this nonsensical fine has tremendous momentum,” CAHC President Joel White said in a statement. “Not only does the bill have bipartisan, bicameral support, but more than 60 national and multi-state organizations are on board.”
Source: Morning Consult

Thursday, April 28, 2016

Average Group Health Insurance Costs by State

As small employers research health insurance coverage options, it is common to evaluate different strategies and cost. To help, the following charts list average group health insurance costs by state for single and family coverage.
Editor's Note: This article has been updated with the most current group health insurance data. The article was originally published in January 2013.

Average Group Health Insurance Costs (Single Coverage)

The following chart shows the average cost of group health insurance for single coverage (Kaiser Family Foundation, 2014).
United States$1,234$4,598$5,832
District of Columbia$1,197$4,900$6,097
New Hampshire$1,481$4,855$6,336
New Jersey$1,293$5,154$6,447
New Mexico$1,354$4,371$5,725
New York$1,223$5,084$6,307
North Carolina$1,151$4,442$5,593
North Dakota$1,136$4,385$5,521
Rhode Island$1,459$4,697$6,156
South Carolina$1,332$4,518$5,850
South Dakota$1,213$4,646$5,859
West Virginia$1,297$4,852$6,149

Average Group Health Insurance Costs (Family Coverage)

The following chart shows the average cost of group health insurance for family coverage (Kaiser Family Foundation, 2014).
United States$12,137$4,518$16,655
District of Columbia$12,715$4,324$17,039
New Hampshire$13,227$4,899$18,126
New Jersey$14,833$4,310$19,143
New Mexico$11,211$4,555$15,766
New York$13,237$4,159$17,396
North Carolina$11,563$4,647$16,210
North Dakota$11,461$3,985$15,446
Rhode Island$11,738$4,681$16,419
South Carolina$11,934$4,110$16,044
South Dakota$11,622$4,730$16,352
West Virginia$13,214$4,219$17,433


Nationwide, the cost of group health insurance coverage in 2014 totaled $5,832 for single coverage and $16,655 for family coverage. Of course, the exact amount your small business will pay for health insurance will depend few factors, including state and region. For a detailed health insurance quote, contact a licensed broker.

Source: Benavest

Monday, April 18, 2016

Is Your Company Compliant? This is our short video for the ACA Employer Mandate. Find out how to get a free audit and avoid taxes quickly through BenaVest.

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Monday, October 5, 2015

Sign Up For Obamacare has today released a free report titled: “USA, 15th September, 2015: Applying for Affordable Care aka Obama Care #ObamaCare can be a very trying process and involves a number of steps.” This report aims to help citizens apply for Affordable Care aka Obama Care #ObamaCare. This can be a very trying process and involves a number of steps to actually obtain affordable health coverage. It also aims to help citizens with many things which can go wrong when applying for the tax credit or subsidized financial assistance.  They also travel in their mobile enrollment units to assist communities and companies with part time employees that are not offered coverage by their employer.
The report has been made openly available and at no cost by EzHealthMart. It’s available to the general public, thought leaders within the Health Insurance market and anyone with an interest in The Website that Helps Citizens Apply for Affordable Care Act plans aka Obamacare.
The report was also written with a specific focus on Obamacare applicants / People Seeking Affordable Care Act Health Coverage / People seeking Health Insurance. Since Joseph Gannon, author of the report, believes “In a market where health insurance costs continue to rise everyone is looking to save money and the Affordable Care Act has made that possible for many families seeking out Obamacare through the tax credit provided.” As of March 2015 HHS reported a total of 16.4 covered due to the ACA between the Marketplace, Medicaid expansion, young adults staying on their parents plan, and other coverage provisions. That translates to an uninsured rate of 11.9% for the 18 – 65 demographic down from a high of 18% in 2013. By the second quarter of 2015 the uninsured rate fell to 11.4%.
When asked about why they released the report at this time, Regina Sara, Office Manager at BenaVest said: “There is a lot of information to be shared all over the internet, but this could be very taxing for an individual to do on their own. Right from personal details to financial and family information, there are a number of steps involved in order to apply for coverage correctly. Professional advisors are the best people to help you in this and get an account opened, apply for the tax credit, and finally obtain an affordable health plan without any glitches.”
Interested parties can find the report ready to download, for free, at
EzHealthMart was founded in 2005 and is Leading the Health Insurance Industry in Plan Options, assisting insureds Obtain Financial Assistance through the Affordable Care Act aka #Obamacare, and Service throughout the year. They are dedicated Licensed Agents who care about the coverage that Families will have in place! They are best known that they have over 1,000 agents to assist in applying for coverage, applying for subsidized financial assistance (tax credit), picking the right Plan or Doctor , and more.
Its unique position within its industry gives it the authority to produce such a report on The Website that Helps Citizens apply for the Affordable Care Act plans aka Obamacare. Because Applying is usually better suited face to face with a qualified licensed agent and by Using their Express Lane Enrollment Option individuals are able to quote and enroll securely within 10 Minutes or LESS!
For example, as the report aims to solve downfalls when applying for Affordable Care aka Obama Care #Obamacare, it gives valuable information to the reader that will ultimately benefit them. Interested individuals and families can get the help with the entire application process with an Obamacare Pro. From large families and youngsters, to people new to the US and individuals all can contact EzHealthMart at the website and take advantage of the relevant help from a licensed and certified agent. This insight simply wouldn’t be possible, or their advice nearly as effective, without the 20 Years spent in the Health Insurance world so far.
More information on EzHealthMart can be found at
The Report “USA, 15th September, 2015: Applying for Affordable Care aka Obama Care #ObamaCare can be a very trying process and involves a number of steps.” can be downloaded at
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