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Here is the timeline for HCR to kick in.


Posted: Mar 23, 2010

There was another one in my local newspaper, but it wasn't online when I looked it up, which is strange because it was today's paper.

 

http://docs.house.gov/energycommerce/TIMELINE.pdf

 

 

;

Can anyone explain the Special Deduction for BCBS? - sm

[ In Reply To ..]









Special Deduction for Blue Cross Blue Shield (BCBS). Requires that nonâ€profit BCBS organizations have a medical loss ratio of 85 percent or higher in order to take advantage of the special tax benefits provided to them under Internal Revenue Code (IRC) Section 833, including the deduction for 25 percent of claims and expenses and the 100 percent deduction for unearned premium reserves.

I don't quite understand what this means. Is it for the employer or employee?

I believe neither - Typin_away

[ In Reply To ..]
I believe this is referring to BC/BS plans for those on medicaid and medicare. If they are operating at more than a 15% profit they lose the special tax benefits.

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