HDHP Archives - Employee Benefits I AP Benefit Advisors

HHS Provides 2021 Benefit Payment Out-of-Pocket Limits

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 […]

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IRS HDHP-HSA Plans May Cover Coronavirus Costs as Preventive Care

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 […]

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ACA Limits, Penalties and Fees – 2014 thru 2020

Employer Shared Responsibility (Employer Mandate) Plan Years 2020 2019 2018 2017 2016 2015 2014 Affordability Safe Harbor Percentage 9.78% 9.86% 9.56% 9.69% 9.66% 9.56% 9.50% Employer Mandate Penalties – Calendar Year Penalties 2020 2019 2018 2017 2016 2015 2014 Tier One: Failure to offer coverage or to offer to 95% of employees (70% for 2015) […]

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2019 2nd Quarter Compliance Update

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 […]

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ACA Limits, Penalties and Fees – 2014-2019

Employer Shared Responsibility (Employer Mandate) Plan Years 2019 2018 2017 2016 2015 2014 Affordability Safe Harbor Percentage 9.86% 9.56% 9.69% 9.66% 9.56% 9.50% Employer Mandate Penalties – Calendar Year Penalties 2019 2018 2017 2016 2015 2014 Tier One: Failure to offer coverage or to offer to 95% of employees (70% for 2015) $2,500 $2,320 $2,260 […]

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Threats to Health Care Consumerism & What to Do About Them

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% […]

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HSA Mid-Year Change Status and its Impact on Contributions

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 […]

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IRS Increases HSA Limits for 2018

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, […]

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Health Savings Account (HSA) Eligibility Rules

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 […]

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HHS Releases 2018 Benefit Parameters

The U.S. Department of Health and Human Services (HHS) has released proposed regulations that include 2018 benefit parameters and payment measures. These are scheduled to be published in the Federal Register on September 6, 2016. While this grouping of proposed rules is mostly for insurance carriers, and includes risk adjustment and revised actuarial value methodology, […]

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