Media, News & Blog

Schulman Insurance Brokerage strives to keep you up-to-date with information and current news about new products, policy and regulatory changes, legislative insights and the insurance industry as a whole.

State union health insurance benefits vs the private sector - CBS Interview with Schulman Insurance Brokerage, LLC

State union health insurance benefits vs the private sector - CBS Interview with Schulman Insurance Brokerage, LLC

06/29/2017

by Jonathan Schulman

Categories: Uncategorized

Jonathan Schulman, CEO of Schulman Insurance Brokerage, sits down with CBS to discuss state union health insurance benefits and those available in the private sector.Read More »

Senate Releases Draft Reform Legislation - Here's How it Compares to the ACA

Senate Releases Draft Reform Legislation - Here's How it Compares to the ACA

06/28/2017

by Jonathan Schulman

Categories: Uncategorized

On June 22, 2017 the Senate released draft health care reform legislation, the Better Care Reconciliation Act of 2017 ("BCRA").  It is substantially similar to the America's Health Care Act ("AHCA"), legislation passed by the house last month.  The SenateRead More »

IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B

IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B

11/21/2016

by Jonathan Schulman

Categories: Uncategorized

On November 18, 2016, the IRS released Notice 2016-70 to extend the due date for employers to furnish Form 1095-C or 1095-B under the Affordable Care Act's employer reporting requirement. More can be found by clicking here.Read More »

The Effects of the Affordable Care Act on Restaurants

The Effects of the Affordable Care Act on Restaurants

05/02/2016

by Jonathan Schulman

Categories: News

The Effects of the Affordable Care act on Restaurants At Schulman Insurance Brokerage, we understand the importance of providing quality, affordable healthcare coverage for your employees, especially since the Affordable Care Act (ACA) is now in full swing. Restaurant owners, inRead More »

IRS Announces 2017 HSA Limits

IRS Announces 2017 HSA Limits

05/02/2016

by Jonathan Schulman

Categories: Uncategorized

2017 HSA Limits Announced The IRS has recently issued Revenue Procedure 2016-28, which provides the 2017 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). The only limit to increase for 2017 is the single family annualRead More »

Key Changes for NY Businesses with 50 -100 Employees

Key Changes for NY Businesses with 50 -100 Employees

04/28/2016

by Jonathan Schulman

Categories: News

Key Changes for NY Business with 50 - 100 Employees A new law was enacted at the beginning of 2016 that mandated employers with between 50 and 100 full-time workers have to abide by new business health insurance plans. In theRead More »

1095-C's Undeliverable - What to do?

1095-C's Undeliverable - What to do?

04/08/2016

by Jonathan Schulman

Categories: Uncategorized

Now that you've sent out 1095-C's to all of your employees by the March 31st deadline, what do you do when the postman brings you a stack of undeliverable forms for former employees who have moved? If you've read the instructionsRead More »

Alert! Health Republic of NY Closing November 30, 2015...one month early!

Alert!  Health Republic of NY Closing November 30, 2015...one month early!

10/30/2015

by Jonathan Schulman

Categories: Uncategorized

It has just been announced that New York’s Department of Financial Services will be shutting down Health Republic of New York one month early. Originally, Health Republic was to remain in operations until December 31st.  Individuals and small businesses currentlyRead More »

What is a PEO?

What is a PEO?

10/19/2015

by Jonathan Schulman

Categories: News

A professional employer organization (PEO) is a firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll and workers compensation, recruiting, risk/safety management, and training and development. PEO's provide employers with a one-stopRead More »

Health Republic *Update* - November and December 2015 Renewals

Health Republic *Update* -  November and December 2015 Renewals

10/09/2015

by Jonathan Schulman

Categories: Uncategorized

Health Republic Renewal Update 10-9-15 The Department of Financial Services (DFS) has notified Health Republic that they cannot renew small group policies with November 1 and December 1 renewal dates. This means that those groups' current health insurance policy with Health Republic will notRead More »

Schulman Insurance Now Offering Clients Complete HR Platform

Schulman Insurance Now Offering Clients Complete HR Platform

08/26/2015

by Jonathan Schulman

Categories: News

We are happy to announce that we now offer a complete HRIS (human resources information system). Some features of our platform include: New hire onboarding Online enrollment PTO ACA tracking Workflow tracking Reporting Total compensation statements Payroll reporting Read More »

Individual and Family Health Insurance Premium to Rise in 2016

Individual and Family Health Insurance Premium to Rise in 2016

08/10/2015

by Jonathan Schulman

Categories: News

Newsday – August 7, 2015 Premiums to Rise Health insurance premiums for individuals and families for next year are rising an average of 7.1 percent in New York, the state has announced.   On Long Island, the average rate for the silver plan --Read More »

ACA Reporting Requirements - Forms 1095-C and 1094-C

ACA Reporting Requirements - Forms 1095-C and 1094-C

07/22/2015

by Jonathan Schulman

Categories: Uncategorized

Employer Reporting Requirements:  1095-C and 1094-C The 1094-C and 1095-C are filed by employers that are required to offer health insurance coverage to their employees under the Affordable Care Act.  The main difference between them is that the 1095-C provides informationRead More »

Employee Contributions to Health Plans

Employee Contributions to Health Plans

06/03/2015

by Jonathan Schulman

Categories: News

The Kaizer Family Foundation recently completed a survey of businesses with 3 - 299 employees and found interesting results.  In their survey, they determined that a National average of employees contributed 16% toward single coverage and 35% toward family coverage.Read More »

Health Insurers are Paying out Millions of Dollars to Small Businesses

Health Insurers are Paying out Millions of Dollars to Small Businesses

10/31/2014

by Jonathan Schulman

Categories: News

Under the Affordable Care Act (ACA,) Insurance Carriers must spend at least 80%/85% (small group/large group) of health care premium dollars on medical care (for all treatment claims and other services to improve general health and well-being) rather than onRead More »

United Healthcare responds to Ebola concerns:

United Healthcare responds to Ebola concerns:

10/30/2014

by Jonathan Schulman

Categories: News

United Healthcare has responded to the public’s concerns about the Ebola Virus, as details from the CDC emerge on an ongoing basis. Currently, any testing for Ebola must be done at the direction of and in direct consultation with state andRead More »

Big Changes Ahead for 2015, Group Health Insurance Rate Requests Slashed for Small Businesses

Big Changes Ahead for 2015, Group Health Insurance Rate Requests Slashed for Small Businesses

09/16/2014

by Jonathan Schulman

Categories: News

Benjamin M. Lawsky, NYS Superintendent of Financial Services, recently announced the setting of New York group health insurance rates for 2015.  Good news for Employers in the Small Group Market. On Average, Insurers requested a 13.9 percent increase in Health InsuranceRead More »

ACA Update: IRS Issues Draft Forms for 2015 ACA Reporting - Large Group Health Plans

ACA Update:  IRS Issues Draft Forms for 2015 ACA Reporting - Large Group Health Plans

07/30/2014

by Jonathan Schulman

Categories: News

ACA Update:  IRS Issues Draft Forms for 2015 ACA Reporting On July 24, 2014, the Internal Revenue Service released drafts of the forms that large employers will be required to file in order to show that the health insurance coverage theyRead More »

New Challenge to the Affordable Care Act

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07/08/2014

by Jonathan Schulman

Categories: News

A new legal challenge to the Affordable Care Act – the most fundamental to date – is about to be decided on by the U.S. Court of Appeals for the D.C. Circuit:  Halbig vs. Burwell. Halbig vs. Burwell challenges subsidies inRead More »

Group Health Insurance Outlook 2015

Group Health Insurance Outlook 2015

06/27/2014

by Jonathan Schulman

Categories: News

Group Health Insurance Outlook 2015 for Groups of 2 - 50 As we begin the second half of 2014, we are starting to have a better idea of where premium rates will be in 2015, one full year after several majorRead More »

7 Things Business Owners and Their CPA's Need to Know About Obamacare NOW

7 Things Business Owners and Their CPA's Need to Know About Obamacare NOW

04/02/2014

by Jonathan Schulman

Categories: News

As the principal of an employee benefits firm, I work closely with small businesses and am often approached by accountants and clients who are concerned with how the Affordable Care Act will impact them. I have synthesized the most important questionsRead More »

90 Day Waiting Period Regulations Issued

90 Day Waiting Period Regulations Issued

03/26/2014

by Jonathan Schulman

Categories: News

90 Day Waiting Period Regulations Issued For plan years beginning on or after January 1, 2014, a group health plan and a health insurance issuer (the carrier) offering group health insurance coverage may not apply any waiting period that exceeds 90Read More »

Health FSA "Use-it or Lose-it" Rule Revised to Allow Limited Carryover

Health FSA

11/05/2013

by Jonathan Schulman

Categories: Uncategorized

Health FSA “Use-It or Lose-It” Rule Revised to Allow Limited Carryover The government has issued Notice 2013-71, which revises the longstanding “Use-It-or-Lose-It” rule for health flexible spending accounts (FSAs).  Previously, under the Use-It-or-Lose-It rule, employees would forfeit any unused dollars in theirRead More »

Health Exchange's 90 Day Grace Period Could Pose a Big Problem for Doctors and Hospitals

Health Exchange's 90 Day Grace Period Could Pose a Big Problem for Doctors and Hospitals

10/03/2013

by Jonathan Schulman

Categories: News

Insurance carriers currently allow a 30 day grace period before terminating coverage for individuals and businesses.   Under the Affordable Care Act, coverage purchased through the exchange must offer a 90 day grace period prior to terminating coverage.  However, the insuranceRead More »

Empire BCBS Small Group Plans to Discontinue Per the ACA

Empire BCBS Small Group Plans to Discontinue Per the ACA

09/05/2013

by Jonathan Schulman

Categories: News

Due to the Affordable Care Act’s health plan requirements, all Empire Blue Cross Blue Shield small group medical insurance plans will be discontinued and replaced effective the group’s renewal date. This includes grandfathered and non-grandfathered health plans. By default, discontinued plans will automaticallyRead More »

New York - Approval of 2014 Health Insurance Exchange Rates

New York - Approval of 2014 Health Insurance Exchange Rates

07/26/2013

by Jonathan Schulman

Categories: News

2014 Health Insurance Benefit Exchange Rates - NY Governor Cuomo distributed a press release July 17th announcing the approval of the 2014 Health Insurance Plan Rates for the Health Benefit Exchange. At first glance it may seem promising, but with closer inspectionRead More »

Healthcare Reform: In, Out, Delayed?

Healthcare Reform:  In, Out, Delayed?

07/04/2013

by Jonathan Schulman

Categories: News

Three years ago, the Affordable Care Act was signed into law with the main goal of extending health coverage to the more than 30 million uninsured people in this country. How has the Affordable Care Act changed since it was initiallyRead More »

Obama Adminstration Delays Major Requirement of Health Law

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07/02/2013

by Jonathan Schulman

Categories: News

In a major concession to business groups, the Obama administration Tuesday unexpectedly announced a one-year delay, until after the 2014 elections, in a central requirement of the new health care law that many companies provide coverage for their workers orRead More »

Employer Shared Responsibility Regulations

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04/16/2013

by Jonathan Schulman

Categories: News

The IRS has issued long awaited regulations proving additional guidance for employers on the employer shared responsibility mandate ("Pay or Play") of the Affordable Care Act ("ACA" or "Health Care Reform"). By way of background, the Pay or Play mandateRead More »

What’s New at Schulman?

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01/02/2013

by Jonathan Schulman

Categories: News

At Schulman Insurance Brokerage, we create solutions for our clients by building: building relationships, building knowledge, building technological resources, building our insurance services and more. This past year we executed strategic partnerships with Schulman Wealth Management to provide our clients withRead More »

New Guidelines on Employee Benefits and Wellness

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12/22/2012

by Jonathan Schulman

Categories: News

Planning employee benefits just got a lot more complicated. The advisors at Schulman Insurance Brokerage continue to stay abreast of how new regulations will affect Employee Benefit solutions. Assessment of your group’s needs, their health and their wellness practices willRead More »

Healthcare Reform: How It Affects You

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12/20/2012

by Jonathan Schulman

Categories: News

Tax and Deduction Changes Individuals making $200,000 or couples making $250,000 will see a Medicare payroll tax increase from 1.45% to 2.35% on earned income, plus a new 3.8% tax on unearned income • Contributions to flexible spending accounts are limited toRead More »