affordable Archives - Employee Benefits I AP Benefit Advisors

IRS Reduces Affordability Percentages for 2018

In Revenue Procedure 2017-36, the IRS announced that for plan years beginning on or after January 1, 2018, employer-sponsored health plan coverage will be considered affordable if the employee’s required contribution for self-only coverage does not exceed 9.56% of the employee’s household income for the year (down from 9.69% for 2017). This percentage is considered […]

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What it Means if You Received a Marketplace Notice

The first round of notices from the federally-facilitated health insurance exchange (also known as the Marketplace) have been sent out at the end of June. If you received one of these notices, it is because the named individual: purchased individual health insurance through a Marketplace (www.healthcare.gov); is getting (or is asking to get) federal premium […]

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IRS Releases 2016 HSA Limits & Specifications

IRS Rev. Proc 2015-30 – increases the Health Savings Account (HSA) maximum annual contribution for 2016 by $100 for families and leaves the single (Employee-Only) contribution at 2015’s level. Corresponding health plans remain the same. The corresponding HDHP plan (per IRC 223(c)(2)(A)) must be a health plan with an annual deductible that is not less […]

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HHS is Consistent! Pre-Thanksgiving Regulation Dump – 2014 Version

The Department of Health and Human Services (HHS) has come through for us again.  This year’s pre-Thanksgiving regulation dump came a bit earlier than expected.  They issued proposed regulations that address a variety of Patient Protection and Affordable Care Act (PPACA) benefit provisions for 2016 affecting both the group and individual markets. There is a 30-day […]

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