Archive by tag: HDHPReturn
RSS

Will My HRA Be HSA Compatible in 2019?

posted on
As you approach 2019 and may be considering implementing a high deductible health plan (HDHP) with a Health Savings Account (HSA), now is a good time to begin reviewing your existing Health Reimbursement Arrangement (HRA) to ensure it remains HSA compatible. If you currently have an HRA and an HSA arrangement or you are looking to implement a HSA compatible HRA you will also need to review the plan design details to ensure HSA compatibility.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , HRA , HSA Compatible , Minimum HDHP Deductible , 2019 limits
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.
Read More
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

Consumer Driven Health Care Activity on the Hill

posted on
The House Ways and Means Committee marked up several bills mid-July that would raise contribution limits for health savings accounts (HSAs) and expand the allowable uses of these accounts, at a cost of $41 billion over ten years, the Joint Committee on Taxation (JCT) estimates. Collectively all the bills would cost an estimated $92 billion over the next ten years.
Read More
Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: HSA , Health Savings Accounts , FSA , Flexible Spending Account , OTC , Internal Revenue Code , Medicare and HSA eligibility , Premium Tax Credit , Medical Device Tax , Cadillac Tax , IRS , ACA , HDHP

HHS Finalizes Several 2019 ACA Plan Parameters

posted on
The Department of Health and Human Services (HHS) has finalized maximum out of pocket limits for in-network essential health benefit (EHB) services covered by a health plan for 2019 at $7,900 for single coverage and $15,800 for any coverage other than single plan.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: ACA , Employer Shared Responsibility , Affordability , HDHP , Out of pocket maximum , EHB , Essential Health Benefits
As a result of industry efforts, the IRS issued Notice 2018-12 on March 5, 2018 to provide transition relief until 2020. The relief is so individuals covered by high deductible health plans that paid for male sterilization and male contraceptive expenses below the deductible will still be temporarily eligible to make contributions to an HSA.
Read More
Categories: Benefits in General, Compliance | Tags: HSA , Notice 2018-12 , Preventive Care , Male Sterilization , Health Savings Account , HDHP , high deductible health plan , Section 223
On February 8, 2018, Senators John Thune, R-South Dakota, and Tom Carper, D-Delaware (S. 2410) and Representatives Diane Black, R-Tennessee, and Earl Blumenauer, D-Oregon (H.R. 4978), introduced the bipartisan bill, the Chronic Disease Management Act of 2018.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , Chronic Disease Management Act of 2018 , Chronic Disease , HDHP

Will My HRA Be HSA Compatible in 2018?

posted on
As you approach 2018 and may be considering implementing a high deductible health plan (HDHP) with a Health Savings Account (HSA) it is a good time now to review your existing Health Reimbursement Arrangement (HRA) to ensure it remains HSA compatible. If you currently have an HRA and an HSA arrangement you will need to review the details as well to ensure that it remains HSA compatible.
Read More
Categories: Benefits in General, Compliance, Health Care in General | Tags: HSA , HRA , HSA compatible , HDHP
If you are looking at implementing a Health Savings Account during this upcoming 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.
Read More
Categories: Benefits in General, Health Care Reform, Compliance, Health Care in General | Tags: HSA , HRA , FSA , Health Savings Account , HDHP , IRS , Open Enrollment , Grace Period , Rollover , HSA Compatible

HSAs in the Workplace

posted on
As HSAs become more common in the workplace, it is useful to review research about HSAs to better understand their benefits, limitations and trends. Last week, the Employee Benefit Research Institute released two reports pertaining to HSA usage between 2011 and 2016.
Read More
Categories: Benefits in General, Health Care Reform | Tags: Health savings account , HSA , high-deductible health plan , HDHP , EBRI , Employee Benefit Research Institute
The IRS recently released an information letter clarifying the definition of a high deductible health plan (HDHP) for purposes of HSA eligibility. In the letter, the IRS explained that to qualify as an HDHP, a medical insurance plan (i) must satisfy certain minimum annual deductible and maximum out-of-pocket expense requirements and (ii) cannot provide any benefits below the minimum annual deductible, other than preventive care benefits.
Read More
Categories: Health Care Reform, Compliance, Health Care in General | Tags: HSA , HDHP , IRS , health savings account , high deductible health plan , Internal Revenue Service , information letter
Page 1 of 2FirstPrevious[1]2NextLast