Benefits Buzz
Posted May 9th, 2017 in Producers, Employers, Individuals
Democrats could literally be heard singing “Na, Na, Na, Na, Hey, Hey, Goodbye” after House Republicans passed the American Health Care Act (ACA), a bill that aims to repeal and replace much of the Affordable Care Act (ACA). Why the heck would Democrats be singing this song since Republicans are one step closer to getting rid of their signature law? It turns out they were taunting House Republicans who they think won’t get reelected now that they voted to pass the AHCA.
Posted May 9th, 2017 in Producers, Employers, Individuals
The Internal Revenue Service (IRS) issued Revenue Procedure 2017-37 last week with information on the Health Savings Account (HSA) and qualified high-deductible health plan (HDHP) limits for 2018.
These limits are updated annually and reflect cost-of-living adjustments.
HSA contribution limits
Health Savings Accounts (HSAs), in combination with a qualified high-deductible health plan (HDHP), are usually touted as a way to lower insurance premiums and pay for out-of-pocket medical expenses with tax-free dollars.
The Treasury Inspector General for Tax Administration (TIGTA) issued a report dated April 7th and entitled “Affordable Care Act: Assessment of Efforts to Implement the Employer Shared Responsibility Provision.” In other words, TIGTA issued a report about the efforts of the Internal Revenue Service (IRS) to collect Employer Mandate penalties.
Posted April 18th, 2017 in Producers, Employers, Individuals
On April 13th, the Centers for Medicare and Medicaid Services (CMS) finalized rules which aim to stabilize Exchanges and the individual marketplace. There are five key takeaways from the new rules:
Posted April 12th, 2017 in Producers, Employers, Individuals
Last week, House Republicans renewed their efforts to repeal and replace the Affordable Care Act (ACA). Several closed-door meetings were held in an attempt to devise a plan that would appease both Conservative and Moderate Republicans. Progress is believed to have been made, but there is still not a bill that would pass the House. ACA repeal efforts are likely on a temporary hold as House members have returned to their home states for a two-week Spring recess.
