Join us for this HRCI* and SHRM** pre-approved, complimentary, one-hour webinar as AssuredPartners’ General Counsel and SVP of Compliance, Patrick Haynes, summarizes the “year we’ll never forget” and the latest legislative updates. We will be exploring the judicial developments affecting employer group health and welfare plans, and walking through the myriad of cafeteria plan changes […]
Earlier this week, the Department of Health and Human Services (HHS) published finalized 2021 Benefit Payment Parameters with an $8,550 out-of-pocket maximum for self-only coverage and $17,100 for family coverage for health plans beginning in 2021. See, the 5/14/2020 Federal Register publication here. Under the Affordable Care Act (ACA), non-grandfathered health plans are required to […]
Today, in IRS Notice 2020-15, the Internal Revenue Service advised that HDHPs (High-Deductible Health Plans) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. This also means that an individual with an HDHP that covers these costs may continue to contribute to a health savings account (HSA). In Notice […]
Topics include: Expanded HRA Options Form 5500 is Due by July 31 President Trump’s Latest Executive Order HDHP/HSA Limits Increase for 2020 New EEOC Wellness Rules Expected by December ACA Limits, Penalties and Fees And more! Read Now For more information, contact info@apbenefitadvisors.com. The information contained in this post, and any attachments, is not intended […]
Healthcare consumerism has come a long way. According to a recent large-employer survey, 72% of large employers will offer a consumer directed health plan (CDHP) by 2019, up from just 20% a decade earlier. And, there are even bolder predictions elsewhere. The 2018 Large Employers Health Care Strategy & Plan Design Survey suggests that 97% […]
Health Savings Account (HSA) contribution amounts can be changed at any time during the plan year. But, when it comes to changing your status within the year, whether it be from individual to family or vice versa, HSA owners are left a little confused. During 2017, HSA owners can contribute the following maximum amounts to […]
With IRS Rev. Proc. 2017-37, the IRS provided several new increases to various categories that Individuals and Families may elect into a Health Savings Account (HSA) if they have a compatible HDHP (High Deductible Health Plan). For 2018, the annual contribution limitation for a person with self-only coverage under a high-deductible health plan is $3,450, […]
Many employers offer high-deductible health plans (HDHPs) to control premium costs, and then pair this coverage with a health savings account (HSA) to help employees with their care expenses. An HSA is a tax-favored trust or account that can be contributed to by, or on behalf of, an eligible individual for the purpose of paying […]