ACA Approved Limited Medical Plan?

Discussion in 'Employee Benefits Forum' started by The HIC Group, Jun 5, 2013.

  1. The HIC Group
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    The HIC Group Well-Known Member

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    Has anyone ever heard of the Pana "bridge" program by Panamerica?

    If so, what are your thoughts?

    Thanks in advance.
     
  2. ABC
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    ABC Well-Known Member

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    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.
     
  3. stuy119
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    stuy119 Well-Known Member

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    $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.
     
  4. Ann H
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    Ann H Well-Known Member

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    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.
     
  5. The HIC Group
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    The HIC Group Well-Known Member

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    Panamerica is stating that they can offer a min value plan at a 400.00 price point for single?
     

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