Penalty Steep for Reimbursing Individual Health Insurance Plans (6/2/14)

In our May 19, 2014 article, we reported that the IRS had reiterated its position that its September 13, 2013 guidance prohibits an employer from paying for or reimbursing the cost of individual health insurance plans purchased by their employees on a pre-tax basis. What is worth noting is that in addition to the guidance that…   Read More

ACA’s Out -of- Pocket Limits Differ From HSA-Qualified HDHPs Starting in 2015

Copyright 2014 Mondaq Ltd. All Rights Reserved Mondaq Business Briefing May 14, 2014 Wednesday United States: Reminder: ACA’s Out-of-Pocket Limits Differ From HSA-Qualified HDHPs Starting In 2015 Paul Hamburger and Stacy H. Barrow   In April, the IRS released the 2015 inflation adjustments for Health Savings Accounts (HSA) and HSA-qualified high deductible health plans (HDHPs). A month earlier,…   Read More

HSA Shift Leads to Sustained Reduction in Health Care Spending

WASHINGTON   Employee Benefit Research Institute issued the following news release:  A high-deductible health plan linked with health savings accounts reduced health spending initially, and over a four year period, according to new research from the nonpartisan Employee Benefit Research Institute (EBRI).  In one of the first studies of its kind, EBRI analyzed detailed claims data over a five-year period from a large Midwestern employerthat adopted a high-deductible health plan with a health savings account (HSA) for all employees in place…   Read More

Action Items For Employers: Notice To Employees Of Health Insurance Marketplace & Related Updates To COBRA Election Notices

Copyright 2013 Mondaq Ltd. All Rights Reserved Mondaq Business Briefing July 9, 2013 Tuesday 2035 words United States: Action Items For Employers: Notice To Employees Of Health Insurance Marketplace & Related Updates To COBRA Election Notices David Glaser, Bernard F. O’Hare, Bruce L. Wolff, Jessica S. Carter and Meridith Bogart Krell   As we have alerted you in the…   Read More

Demystifying the Affordable Care Act

Daily Herald 4/15/2013: Six months from now, Illinoisans will get the first glimpse of what their coverage options will be in 2014 when the new health insurance exchange opens its doors on Oct. 1; however, for Illinois’ employers, the Affordable Care Act is not just about redefining our health coverage options in the very near…   Read More

ACA Guidance on 90-Day Waiting Periods and Certificates of Creditable Coverage

The International Foundation of Employee Benefits reports (4/12/13): Recently issued Affordable Care Act guidance clarifies the prohibition on waiting periods in excess of 90 days and eliminates the requirement to issue the HIPAA group health plan certificates of creditable coverage after December 31,2014. Counting 90 days…. Under the proposed regulations, that waiting period may not…   Read More

HHS and IRS Issue Proposed Rules on ACA’s Individual Shared Responsibility Payments

The Department of Health and Human Services (HHS) and the Internal Revenue Service (IRS) issued proposed rules regarding the individual mandate requiring people to maintain minimum essential health coverage unless they are exempt. The proposed regulations describe who would be exempt from the mandate, and the IRS regulations describe how it will calculate penalties for…   Read More

ACA Supporters Worried About Impact Of Anticipated Premium Spike

The Los Angeles Times (2/18, Levey) reports that “less than a year before Americans will be required to have insurance under President Obama’s healthcare law, many of its backers are growing increasingly anxious that premiums could jump, driven up by the legislation itself.” According to the Times, “Higher premiums could undermine a core promise of…   Read More