Open enrollment for 2018 Health Insurance

Open enrollment for 2018 Health Insurance

Good Advice From  Insurance Broker Sarah Smith XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Open enrollment for 2018 health insurance begins November 1st. As I write this on October 20th, the U.S. Congress recently struck a deal with the White House to approve subsidies to health insurers, which in turn helps stabilize health premiums. 2018 rates are expected to be very close to 2017 rates, and in some cases, you may have a slight reduction. Last year, the Minnesota legislators approved rebates of ~25% for those of you who did not qualify for a MnSure low income subsidy. That rebate will be expiring December 31st. At present, I’ve not heard if Minnesota plans to renew the program. If you have a bronze plan (the most affordable offered) and you like your current doctors, you’re probably best to keep that same plan in 2018. OUT-OF-POCKET (OOP) LIMITS FOR 2018 OOP is the most you can be on the hook to pay, above and beyond your monthly premium. These limits are up $200 over last...
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Notice from Minnesota Secretary of State regarding pre-2015 limited liability companies in Minnesota

From the MN Secretary of State ### NOTICE: Owners of pre-2015 limited liability companies in Minnesota: Upcoming changes to the law will affect your business. The Office of the Secretary of State (OSS) wants to remind all limited liability companies formed prior to August 1, 2015 that they will become subject to a new law passed by the 2015 Legislature, Chapter 322C, beginning January 1, 2018. It is recommended that owners contact their attorneys, accountants or other business advisors well before the end of the calendar year to review the impact of the new law. The new law pertaining to LLCs may bring significant changes to governance and management, operating agreements, and other aspects of your business. All owners of an interest in an LLC should be aware of the impending law change, and should review the governing documents of the LLC to determine whether any adjustments are necessary. The law does provide certain provisions to smooth the transition to the new law. For further information...
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