Blog - Employee Benefits & Insurance



    Employee Benefits & Insurance

    AHPs Arrive in Texas


    They weren’t born in Texas, but they got here as fast as they could!  UnitedHealthcare (UHC) has introduced three geographically-based Association Health Plans (AHPs) that are now available in Texas.  UHC is offering some of their most popular plans to associations that would like to set up AHPs, and they anticipate premium savings for certain groups compared to the ACA’s adjusted community rating structure.  If we are your benefits consultant, we will review all of your options, including involvement in an AHP, as part of your renewal.  If you have recently renewed, we are also comparing your recent renewal against the new geographical-based AHPs available with UHC and will let you know if it is worthy of your consideration.  Read more...


    Employee Benefits & Insurance

    New Rules: Trump's DOL Releases Rules on Association Health Plans


    On June 19, 2018, the Department of Labor released their final rule on Association Health Plans (AHPs).  This action is in response to an executive order that President Trump issued in October of 2017, which directed the Secretary of Labor to consider proposing regulations or revising guidance on AHPs.  The rule is 198 pages.  Today, we’d like to provide a high-level overview and begin to answer how this change may affect you.  Read more...


    Employee Benefits & Insurance

    IRS Reduces 2018 Family HSA Contribution Limit


    On March 5, the IRS announced a change to the 2018 Family Health Savings Account (HSA) Contribution Limit: a $50 reduction to the amount they announced last year.  People with family coverage will need to adjust their withholding amount if they were attempting to make the maximum allowable contribution to their HSA.  Read more...


    Legal & Regulatory Updates, Employee Benefits & Insurance

    2019 HSA Contribution Limits


    The Internal Revenue Service has announced new contribution limits for Health Savings Accounts (HSAs) in 2019.  An HSA is a bank account that can be used in conjunction with a high deductible health plan to save pre-tax funds for medical expenses.  Both employers and employees can contribute to the account, but the account and all monies contained within are owned by the employee.  HSAs can provide a significant way to save for current and future medical expenses free of tax.  Read more...


    Employee Benefits & Insurance

    IRS Sends Penalty Letters


    The IRS is currently sending letters to inform employers of penalties due to the Affordable Care Act (ACA). This letter, called 226J, is being sent to groups that did not offer coverage that was affordable and met the minimum essential requirements as specified by the ACA. These groups are therefore required to make an Employer Shared Responsibility Payment (ESRP). These penalties can be severe. The illustration below, taken from a real letter, shows a penalty amount of $213,026.  Read more...


    Employee Benefits & Insurance

    Budget Deal Includes Medicare Provisions


    Congress has just passed the Bipartisan Budget Act of 2018, a bill that will continue to fund the government through March 23, 2018. It also includes key Medicare provisions intended to help seniors by providing better and more coordinated healthcare services. The bill will arrive on President Trump's desk today and he is expected to sign it.  Read more...