Benefits Buzz
After nearly thirty years of lobbying the “Use-It-or-Lose-It” rule has been changed. Now the option is left to you, the plan sponsor, whether or not it is the right thing to implement for your company. Let’s take a look at some of the scenarios and helpful tips for the healthcare flexible spending account (FSA) rollover option in terms of an adoption lifecycle (a model that shows the trend of acceptance to a new concept over time).
The U.S. Department of Health and Human Services (HHS) published a report earlier this week with details about enrollment numbers and other information as it relates to state and federal insurance exchanges. Below is a list of some key information that was included in the report.
Ever wonder if the Co-Ops created by the ACA offer QHPs with access to APTCs and an ACO network? Yikes!!!
So many acronyms, what do they all mean? There are a number of different acronyms that are regularly used when we talk about healthcare reform. Here are some of those acronyms along with definitions.
The maximum amount that can be reimbursed with pre-tax dollars for mass transit officially dropped to $130 per month for employees as of January 1st. Last year the maximum reimbursement was $245 per month for mass transit so this may come as a shock to some employees. The decrease is a result of a tax law that expired at the end of 2013.
President Obama had previously announced that individuals could keep their health plan for another year if they received a cancellation letter in the mail. But he ultimately left this decision up to each state to decide. There were several states that chose not to allow these health plans to be continued for another year. As a result, several individuals are being forced to find new coverage.
The Small Business Health Options Program (SHOP) is a part of the healthcare reform law that is supposed to help small businesses provide affordable health insurance coverage to employees. Last month it was announced that the SHOP Exchange would be delayed until November 2014; however, this statement requires clarification as some of the core features of the SHOP are still available.
