Employers

Posted April 25th, 2014 in Producers, Employers, Individuals

On April 23, 2014, the following limits were released by the Internal Revenue Service (IRS) under Revenue Procedure 2014-30 for Health Savings Accounts (HSAs) in 2015.

These limits are updated annually and reflect cost-of-living adjustments.

HSA contribution limits

$3,350 for individual coverage (increased $50 from 2014)

$6,650 for family coverage (increased $100 from 2014)

Posted April 11th, 2014 in Producers, Employers

On April 1, 2014, President Obama signed into law the “Protecting Access to Medicare Act of 2014.” Although much of the law is designed to fix problems with the Medicare program, the law also included a repeal of the deductible limits that apply to small group health plans. In 2014, the Affordable Care Act (ACA) established deductible limits for health plans offered to small employers (defined as up to 50 employees in most states).

Posted April 4th, 2014 in Producers, Employers, Individuals

The Internal Revenue Service (IRS) recently issued long awaited guidance that details how someone can be Health Savings Account (HSA)-eligible the following plan year if they have access to funds that rollover from a Healthcare Flexible Spending Account (FSA) from the previous plan year. 

Posted April 2nd, 2014 in Producers, Employers, Individuals

Each year on April 2, the International Foundation of Employee Benefit Plans (IFEBP) champions the effort to recognize all those who participate in the employee benefits industry and their hard work. As an IFEBP member, Flexible Benefit Service Corporation (Flex) wants to thank you for your business and remind you to participate in the festivities, as well.

Posted March 28th, 2014 in Producers, Employers, Individuals

Applies to those who have started the enrollment process and experienced an error

Earlier this week, the Obama administration announced that some consumers will have until mid-April if they were unable to enroll because of an error by the federal exchange or by the Department of Health and Human Services (HHS). People will be able to qualify for an extension by checking a box on HealthCare.gov to indicate that they tried to enroll for on-exchange plans before the deadline. 
Posted March 21st, 2014 in Producers, Employers, Individuals

Let José walk you through what a Health Savings Account (HSA) is.

This high-level overview shows some things that HSA money can be used for along with maximum contributions for 2014.

Click through the slides below for the details and feel free to share with a friend.

Posted March 14th, 2014 in Producers, Employers, Individuals

Last week, the Obama administration released several new Affordable Care Act (ACA) guidelines. Of particular note, any individual or small group with a non-ACA compliant plan will be able to keep that plan in place for additional time.

Posted March 11th, 2014 in Producers, Employers, Individuals

Can people apply for individual health coverage after Mar. 31, 2014? 

Only those individuals that experience a qualifying event can sign up for a qualified health plan mid-year after March 31stMost qualifying events will create a special enrollment period that lasts for 60 days. 

Posted March 5th, 2014 in Producers, Employers
Flexible Benefit Service Corporation (Flex) has prepared a comparison chart to help you understand how the Affordable Care Act (ACA) Employer Mandate will be rolled out over the next two years. 
 
Click the "View Fullscreen" button on the bottom right of the frame to see the chart.
Posted February 28th, 2014 in Producers, Employers

Today is the last day of February which means we are only one month away from the end of the first open enrollment period for individual health plans. March 31st is the last day that individuals can sign up for coverage without a qualifying event, but there is one big question that is still looming – Will the open enrollment period get extended to a later date? 

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