Maine is Reinstituting the Per Member Per Month Assessment to Fund the Maine Guaranteed Access Reinsurance Program

2018-11-07T19:36:54+00:00

Section 1332 of the Affordable Care Act (ACA) permits a state to apply for a State Innovation Waiver to pursue innovative strategies for providing their residents with access to high quality, affordable health insurance while retaining the basic protections of the ACA. Recently several states have applied for waivers and have been approved. Among these is the State of [...]

Maine is Reinstituting the Per Member Per Month Assessment to Fund the Maine Guaranteed Access Reinsurance Program2018-11-07T19:36:54+00:00

IRS Reverses HSA Family Contribution Limits – Again!

2018-04-27T19:52:02+00:00

In March, due to the new inflation-adjustment calculations required under the Tax Cuts and Jobs Bill Act, the IRS announced in revenue ruling 2018-27 that the previously released (in May 2017) $6,900 family contribution limit would be reduced to $6,850. Since excess contributions are subject to a 6% excise tax, many employers and individuals who [...]

IRS Reverses HSA Family Contribution Limits – Again!2018-04-27T19:52:02+00:00

Compliance Issues Keep Coming

2017-08-17T13:32:44+00:00

All the talk about repeal and replace seems to have lulled many plan sponsors into a false sense of security, thinking that ACA regulations weren’t going to be enforced. Unfortunately, the IRS is preparing to begin penalizing non-compliant plans, which is why we continue to encourage our clients to keep their eye on the ball [...]

Compliance Issues Keep Coming2017-08-17T13:32:44+00:00

4 ways employers can prepare for healthcare changes

2017-06-28T13:57:10+00:00

The article below was published on June 23, 2017 by Employee Benefit News, written by Mark Johnson. The new healthcare bill, revealed by U.S. Senate Republicans Thursday, could bring significant changes to organizations and their employees. Granted, there’s a long way to go before any Obamacare replacement legislation is signed. But health insurance is a [...]

4 ways employers can prepare for healthcare changes2017-06-28T13:57:10+00:00

10 compliance issues for 2018 health and benefit planning

2017-06-20T15:56:04+00:00

The article below was published on June 18, 2017 by Employee Benefit News, written by Brian M. Kalish. Image Source: benefitnews.com Introduction Despite the uncertain future of the Affordable Care Act and pending replacement legislation, clients should continue finalizing their 2018 health and benefit offerings, contribution strategies, vendor terms, plan operations and employee [...]

10 compliance issues for 2018 health and benefit planning2017-06-20T15:56:04+00:00

IRS Adjusts HSA Limits for 2018

2017-05-05T20:25:50+00:00

The IRS has released the inflation-adjusted contribution and related amounts for health savings accounts (HSAs) and HSA-compatible high-deductible health plans, or HDHPs, for 2018. These limits are tied to changes in the Consumer Price Index by application of the cost-of-living adjustment rules. The limits for 2018 are set forth below. 2018 HSA Limits Annual HSA [...]

IRS Adjusts HSA Limits for 20182017-05-05T20:25:50+00:00