This week, the Big “I” joined the National Association of Health Underwriters and a group of other agent and broker organizations in sending letters to four legislators to thank them for their work on Medical Loss Ratio legislation.
At press time, U.S. Sens. Johnny Isakson and Chris Coons were expected to introduce bipartisan legislation later today which would clarify that agent compensation is not part of the Medical Loss Ratio formula as enacted in the Affordable Care Act.
Today, the Trump Administration followed up on an October executive order by releasing a new proposed rule that would expand access to association health plans.
On Dec. 22, 2017, President Trump signed into law the widest-ranging tax reform legislation in decades. The legislation will impact the tax liability of agents and brokers in 2018 and beyond.
The NFIP is set to expire tomorrow, Friday, Dec. 22, unless Congress passes a continuing resolution to fund the government into early next year.
The U.S. Senate passed the legislation early Wednesday morning and the U.S. House of Representatives followed suit later the same day. President Trump is expected to sign the legislation into law in the coming days.
Late Friday, tax conferees in the U.S. House of Representatives and U.S. Senate released their final version of tax reform legislation.
On Friday, FEMA released a memorandum outlining procedures if there is a lapse in authority for the NFIP, which is currently reauthorized through Friday, Dec. 22.
This week, tax conferees in the U.S. House of Representatives and U.S. Senate agreed in principle on the final version of tax reform legislation.
Earlier this week, the Big “I” urged Congress to provide relief from the impending 40% “Cadillac” tax on employer-sponsored health coverage before the end of this year.