hra Archives - Employee Benefits I AP Benefit Advisors

CARES ACT – Impact on HSAs, HCFSAs, and HRAs

This advisory summarizes key provisions in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) applying to employee benefit plans. Over-the-Counter (OTC) Drugs and Menstrual Care Products (optional) The CARES Act states that consumers can purchase OTC drugs and medicines with funds from their Health Savings Account (HSA), Health Care Flexible Spending Account (HCFSA) […]

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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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HRA Expansion – New Regulations to Expand HRA Use

The Departments (IRS, DOL, and HHS) have jointly proposed regulations in response to President Trump’s executive order directing the agencies to consider regulations or guidance that would expand the availability and permitted use of HRAs (Health Reimbursement Arrangements), allowing HRAs to to be used in conjunction with nongroup coverage.  Most experts see this as a […]

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IRS Releases Publication 969 and Publication 503

IRS Issues 2015 Version of Publication 969 on HSAs, HRAs, Health FSAs, and MSAs Publication 969 has been updated for use in preparing 2015 tax returns. This publication provides basic information about HSAs, HRAs, Healthcare FSAs, Archer MSAs, and Medicare Advantage MSAs, including brief descriptions of benefits, eligibility requirements, contribution limits, and distribution issues. There […]

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Guidance on Health Reimbursement Arrangements

In December, the IRS issued Notice 2015-87 which provides guidance on a multitude of Affordable Care Act (ACA) market reforms. One noteworthy item is the compliance issues that were raised by Health Reimbursement Arrangements (HRA). HRAs are group health plans that will reimburse medical expenses for a certain dollar amount. The ACA usually prohibits group […]

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Proposed Rules May Allow More Wellness Data

The EEOC (U.S. Equal Employment Opportunity Commission) just released its latest proposed strategy for allowing wellness plan managers access to covered spouses’ medical data while still complying with the Genetic Information Nondiscrimination Act of 2008 (GINA). Currently, regulations say that a wellness program cannot require* employees to provide their genetic information as a condition of […]

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Misconceptions About High Deductible Health Plans and HRAs, HSAs, FSAs and Fully Insured Supplements

Join AP Benefit Advisors Senior Counsel, Patrick Haynes, as he reviews High Deductible Health Plans (HDHPs), HRAs, HSAs, FSAs and Fully Insured employee or employer paid supplements to these high deductible health plans. What are the exposures, the risks, the Cadillac taxes and the costs relating to these plans? Should the strategy be complete replacements, […]

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