HRAs

Posted August 22nd, 2019 in Employers, Producers

It’s no surprise that more and more employers are offering qualified high deductible health plans (HDHPs) to their employees, and some employers are combining Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) to alleviate a portion of the deductible and/or out-of-pocket expenses that employees are exposed to. However, you have to be very careful with the HRA plan design in order to preserve HSA eligibility for employees.

Posted June 14th, 2019 in Producers, Employers, Individuals

The Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments) released new guidance on June 13, 2019 which permit a new type of Health Reimbursement Arrangement, referred to as an Individual Coverage Health Reimbursement Arrangement (ICHRA).

Posted January 15th, 2019 in Producers

Using a debit card just got a whole lot easier!

Debit cards offer easy access to tax-advantaged benefits and should improve the overall experience of the employee. Yet sometimes, substantiating debit card charges on a Health Care Flexible Spending Account (FSA) or Health Reimbursement Account (HRA) can be frustrating and time-consuming. As a benefits administrator for 30 years, Flex has been working hard to solve this problem for participants.
 
Posted November 1st, 2018 in Employers, Producers

The Department of Labor (DoL), Department of Treasury (DoT) and the Department of Health and Human Services (HHS) have jointly proposed new rules that would impact Health Reimbursement Arrangements (HRAs) effective January 1, 2020.

Posted August 28th, 2018 in Employers, Producers

In October of 2017, President Donald Trump issued an executive order which was entitled “Promoting Healthcare Choice and Competition Across the United States.” The executive order instructed regulatory agencies to focus on three initiatives:

Posted August 14th, 2018 in Employers, Producers

Flexible Benefit Service Corporation (Flex) offers debit cards as a reimbursement option with several different Health Reimbursement Arrangement (HRA) plan designs.

Posted January 18th, 2018 in Producers, Employers, Individuals
Originally posted on October 13, 2017
 
President Donald Trump signed an executive order on October 12th instructing the Department of Labor (DOL), Department of Treasury (DOT), and Department of Health and Human Services (HHS), known as the tri-agencies, to review and potentially revise existing regulatory guidance. This includes:
 
Posted December 1st, 2017 in Producers, Employers
Bipartisan efforts (yes, you read that right) are underway to repeal the Cadillac Tax imposed by the Affordable Care Act (ACA). A letter signed by 140 bipartisan members of the House of Representatives (House) urges a repeal this year. Efforts are being led by Congressman Joe Courtney (D-CT-2) and Mike Kelly (R-PA-3). 
 
Posted October 23rd, 2017 in Producers, Employers, Individuals

IRS Revenue Procedure 2017-58 was released last week. It includes a number of inflation adjustments to various benefits and other items for 2018 including the following for Consumer-Driven Accounts:

Posted May 16th, 2017 in Producers, Employers
The fifth installment of the Patient-Centered Outcomes Research Institute (PCORI) fees will be due on July 31, 2017. As its name suggests, PCORI is a research institute, and it was created by the Affordable Care Act (ACA) to improve clinical effectiveness. It is partially funded by fees charged to health plans.
 
The following list contains information and some reminders about the upcoming PCORI fee that is due:
 
  • The fee is paid on the average number of covered lives for the plan year ending in 2016.

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