May 2019 - Employee Benefits I AP Benefit Advisors

IRS Releases 2020 Limits for HSAs

On May 28, 2019, the IRS released Revenue Procedure 2019-25 It provides the 2020 inflation-adjusted amounts for HSA-qualified high deductible health plans (HDHPs). The inflation-adjusted increases for 2020 are: HSA-Qualified HDHP Self Coverage: Annual deductible must be $1,400 or more in 2020 (up $50 from 2019), and annual out-of-pocket expenses cannot exceed $6,900 (up $150 […]

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HRCI & SHRM Pre-Approved Webinar | Association Health Plans – Is There a Pathway Forward?

For supporters of “Association Health Plans (AHPs),” it has been a year-and-a-half roller coaster. It all started with excitement over President Trump’s Executive Order in October 2017, culminating in proposed Department of Labor (DOL) regulations issued in January 2018. Once the DOL regulations were finalized in June 2018, a good number of organizations immediately took […]

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Reminder: PCORI Fees Last Installment Due this July*

***When the President signed the 2020 spending legislation (the 2020 Further Consolidate Appropriations Act), that repealed the ACA’s Cadillac Tax, the 2.3% excise tax on medial devices, the HIT (Health Insurance Tax). But, it also extended PCORI/CERF for another decade—now expected to sunset 2029. However, as of June 1, 2020, the IRS has yet to […]

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Is Transparency Coming to Big Pharma? More after these messages…

Author: Scott Mayer, Director of Data Analytics at AP Benefit Advisors HHS Secretary, Alex Azar, informed the public this week that starting sometime during the summer of 2019, pharmaceutical companies will have to include pricing information in their television advertisements. This rule applies for any medication where the manufacturer set pricing is greater than $35 […]

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HHS 2020 Benefit Limits and Updates

HHS 2020 Benefit Limits and Updates The Department of Health and Human Services (HHS) has released final regulations with the benefit and payment parameters for plan years beginning on or after January 1, 2020, along with a few other insurance market and Exchange-related final regulations. Although largely aimed at insurers and state regulators, the regulations […]

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EEOC’s Breakdown of Workplace Discrimination in FY 2018

The U.S. Equal Employment Opportunity Commission (EEOC) released a detailed breakdown of the 76,418 charges of workplace discrimination they received in the fiscal year (FY) 2018, which ended September 30, 2018. The EEOC posted the breakdown of charges by state on their website. The EEOC’s numbers for FY 2018*: 90,558 charges of discrimination resolved $505 million […]

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