Benefits Buzz

We've Moved!

Posted November 28th, 2016 in Producers, Employers, Individuals
We've Moved!
Exciting News!
 
Flexible Benefit Service LLC (Flex) is now in our new office, located at:
 
8700 W. Bryn Mawr Avenue, Suite 1010S
Chicago, Illinois 60631
 
The new office space includes an open plan design and is enhanced for greater workplace collaboration and operating efficiencies. We look forward to serving you from this new location!
 
Our phone/fax numbers, emails and web sites will remain the same.
 
Tags:
Flexible Benefit Service Corporation, Address Change, Move, benefits administration

The Future of the ACA (or Lack Thereof) Part II

Posted November 22nd, 2016 in Producers, Employers, Individuals
The Future of the ACA (or Lack Thereof) Part II
Last week, we posted a blog on the future of the Affordable Care Act (ACA). That blog focused on what types of things could potentially be repealed under President-elect Donald Trump. In this blog, the focus is on when things could start to get repealed, with an understanding that this is all speculation.
 
Tags:
healthcare reform, ACA, Patient Protection and Affordable Care Act, individual mandate, Employer Mandate, IRS

The Future of the ACA (or Lack Thereof)

Posted November 15th, 2016 in Producers, Employers, Individuals
The Future of the ACA (or Lack Thereof)
Several Republican political leaders indicated their efforts to repeal the Affordable Care Act (ACA) would end if Hillary Clinton were elected as President, but the exact opposite happened. Donald Trump has been elected to serve as the 45th President of the United States and is set to take office on January 20, 2017. Trump has said on numerous occasions that the very first thing he’ll do is repeal “Obamacare.” Could this actually happen?
 
Tags:
healthcare reform, ACA, Patient Protection and Affordable Care Act

Employers and Employees Calculate Affordable Coverage Differently

Posted November 10th, 2016 in Producers, Employers
Employers and Employees Use Different Equations to Calculate Affordable Coverage

People who have access to affordable coverage from their employer are ineligible to receive subsidies through the Health Insurance Marketplace, also known as the Exchange. For 2017, coverage is considered affordable if the employee’s share of premium for self-only coverage is 9.69% or less of their household modified adjusted gross income.

Tags:
healthcare reform, ACA, Affordable Care Act, Employer Mandate, Subsidy

2017 Consumer-Driven Account Contribution & Reimbursement Limits

Posted November 1st, 2016 in Producers, Employers, Individuals
2017 CDA Contribution & Reimbursement Limits
The 2017 contribution and reimbursement limits for consumer-driven accounts (CDAs) are now available and have been provided below:
 
Health Care Flexible Spending Account (Health Care FSA)
 
The salary reduction limit is $2,600 ($50 increase from 2016) for the 2017 plan year. Employers may also contribute the greater of $500 or up to a dollar-for-dollar match of the employee’s salary reduction. The maximum carryover amount remains unchanged at $500.
 
Tags:
Consumer-Driven Accounts, CDAs, FSAs, HSAs, HRAs, Commuter

Have a Compliance To-Do List?

Posted October 28th, 2016 in Producers, Employers
Have a Compliance To-Do List?

New service keeps you on track!

The world of ERISA, HIPAA, COBRA and general health care compliance is increasingly complex for businesses. Flexible Benefit Service LLC (Flex) wants to make sure nothing falls through the cracks.

Flex now offers Compliancedashboard® - a turnkey solution to help you make sense of your compliance obligations and minimize your risk. This simple, web-based compliance system gives your organization the information you need, when you need it.

Tags:
compliance, healthcare reform, ACA, ERISA, HIPAA

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