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health savings accounts

Posted January 9th, 2018 in Producers, Employers
Participating members of Blue Cross Blue Shield plans in IL, MT, NM, OK & TX now get direct access to their HSA from Flex
 
Posted December 19th, 2017 in Producers, Employers, Individuals
The state of Maryland passed a law known as the Contraceptive Equity Act which is scheduled to take effect on January 1, 2018. The law requires fully insured health plans issued in the state of Maryland to cover male sterilization procedures (i.e. vasectomies) as preventive care without any copay, deductible or other cost-sharing requirements for the member. 
 
Posted December 6th, 2017 in Producers, Employers
The Health Savings Account (HSA) market has grown rapidly in the past decade. More than 21 million people currently have an HSA and there’s still plenty of opportunity for growth. In fact, a recent report projects 30 million HSAs by the end of 2019.
 
Here are the top employer benefits of an HSA:
 
Posted November 1st, 2017 in Producers, Employers, Individuals
As you may have heard, the Trump administration discontinued funding for the cost-sharing reduction subsidies (CSR subsidies). Critics of this move believe it will create instability in the Exchange and individual marketplaces. Political efforts to restore the CSR subsidies are underway, but it appears Republican leadership has some demands as part of those restoration efforts.
Posted August 30th, 2017 in Producers, Employers, Individuals
In September, Senators will return to Washington D.C. from their August recess. Almost immediately, they’ll begin taking up health care (again), but this time Democrats and Republicans will jointly consider changes. 
 
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

Posted May 3rd, 2017 in Producers, Employers
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. 
 
Posted February 21st, 2017 in Producers, Employers, Uncategorized
Here are three big things that occurred with health care/ health insurance last week:
 
1. Proposed Rules to Stabilize Exchanges and the Individual Market
Posted January 4th, 2017 in Producers, Employers, Individuals
The deadline to make HSA contributions for the 2016 tax year is April 18, 2017. The deadline would normally be April 15th, which is the usual deadline to file federal tax returns, but that day falls on a Saturday this year so the IRS has announced they will allow a few extra days to submit 2016 tax returns. 
 
Posted June 7th, 2016 in Producers, Employers, Individuals
Telemedicine can generally be defined as a way to provide a broad range of health-related services by phone or through an online platform. Several employers and insurance carriers offer telemedicine services in conjunction with their health plan(s) as a way to provide a cheaper alternative of diagnosing and treating common illnesses, such as the cold or flu.