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Ensure Your HRA is HSA Compatible in 2020

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The new year is fast approaching! Employers who currently offer a Health Reimbursement Arrangement (HRA) paired with a high deductible health plan (HDHP) and a Health Savings Account (HSA), or are considering doing so for the upcoming plan year, should pay special attention to the fact that the minimum HDHP deductible limits have changed! In order to maintain HSA compatibility, your HRA may need to be amended for 2020.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Health Reimbursement Arrangement , HRA , Health Savings Account , HSA , Stacking Benefits , 2020 Limits , HSA Compatible
If you are looking at implementing a Health Savings Account during this upcoming 2019 open enrollment season, you should carefully review the details of your existing benefit plan(s), in order to identify any issues and make any required modifications in advance when possible to preserve HSA eligibility.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , Health FSA , HRA , Health Savings Account , Health Care Flexible Spending Accounts , Health Reimbursement Arrangements , HSA Headaches , Disqualifying Coverage , Qualified HDHP , HDHP , Rollover , Grace Period , HSA eligibility
Last week, Senators Orin Hatch (R-UT) and Marco Rubio (R-FL) introduced the Health Savings Act of 2017, S.403. Companion legislation was introduced in the House of Representatives by Rep. Eric Paulsen (R-3rd MN). The legislation would expand the use of HSAs by broadening eligibility rules, increasing maximum contribution limits and widening the universe of expenses that could be reimbursed from HSAs. The legislation also contains provisions pertaining to the interaction between HSAs, FSAs and...
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Categories: Health Care Reform | Tags: HSA , HRA , FSA , Health Savings Accounts , Health Reimbursement Arrangements , Flexible Spending Accounts , Health Care Reform
The Department of Labor (DOL), Department of Health and Human Services (DHHS) and the Treasury Department recently issued FAQ guidance regarding HRA integration with non-HRA group health plans. The FAQs expand on existing guidance addressing how the Affordable Care Act’s (ACA) market reforms apply to HRAs.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: HRA , Health Reimbursement Arrangement , ACA , Affordable Care Act , FAQ , IRS , DOL , HHS , DHHS
December 7, 2016 the Senate voted on H.R. 34, the "21st Century Cures Act". The measure passes with the majority 94-5, and includes bipartisan support.
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Categories: Health Care Reform, Compliance, Health Care in General | Tags: HRA , HR 34 , Cure Act , Health Reimbursement Arrangement

Is Your HRA Ready for 2017?

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In preparing for the 2017 plan year, employers and plan sponsors should be aware of several important new rules pertaining to HRAs.
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Categories: Health Care Reform | Tags: HRA , ACA , Health Reimbursement Arrangement , Affordable Care Act