May 2, 2018
Summary Plan Descriptions (SPD)
The Summary Plan Description or SPD is an important written document that a plan administrator must provide automatically and free of charge to participants of an ERISA-covered health benefit plan. The SPD provides information on when an employee can begin to participate in the plan, how service and benefits are calculated, when and in what […]
April 30, 2018
Additional IRS Revision to HSA Family Limit
IRS Revenue Procedure 2018-27 returns the annual limit for 2018 HSA family contributions to $6,900. This follows and supersedes Revenue Procedure 2018-18, which was published this past March. The IRS acknowledged that the $50 reduction to the limit on HSA deductions for family HDHP coverage imposed “administrative and financial burdens.” The notice reflected that these […]
March 9, 2018
HSA Contribution Limit Adjustment
The IRS released Revenue Procedure 2018-10 which modifies and supersedes certain sections of Revenue Procedure 2017-58 and supersedes Revenue Procedure 2017-37 to reflect by new tax law (pub. L no. 115-97 enacted December 22, 2017. This law changed the annual inflation adjustment factor from the “Consumer Price Index” (CPI) to a new factor known as […]
February 9, 2018
ACA’s Individual Mandate – Still In Force
Posted on February 9, 2018 by nahucompliance The new tax law passed by Congress and signed by the President does not repeal the individual mandate as many people have assumed. The tax law actually zeroes out the individual mandate penalty. And, importantly, this action takes effect in 2019. The actual law text is: SEC. 11081. […]
February 2, 2018
Health Care Legislation Update
A major victory was achieved for health insurance recipients on Monday night in the continuing resolution that is keeping the federal government funded. The package included a moratorium in 2019 of the Health Insurance Tax on all plans and an additional two-year delay of the Cadillac Tax on employer-sponsored health insurance plans until 2022. This […]
September 29, 2017
Fast Facts From NAHU
Source: National Association of Health Underwriters
July 28, 2017
The Senate Voted 49-51 to Reject the Health Care Freedom Act
Shortly after 1:30 a.m. today, the Senate voted 49-51 to reject the Health Care Freedom Act (HCFA), a “skinny repeal” of the ACA. The pared-down version was attempted after previous efforts to pass a more sweeping repeal of the law have failed. Senate Majority Leader Mitch McConnell (R-KY) began floating the idea early in the […]
May 15, 2017
Questions About Passing The American Health Care Act Bill
With the passing of the American Health Care Act bill, questions abound. Everyone should know that the bill is not law and it is NOWHERE NEAR BEING PERFECT. It now goes to the Senate for revisions and additional polishing. It could be until this year end before we see what a final version would look […]
April 6, 2017
The American Health Care Act: What Happens to Obamacare Now?
The GOP pulled its Obamacare replacement bill before it could go to a vote on Friday, March 24. This begs the question… is that the end of the Affordable Care Act (ACA) repeal and replace plan? Will another bill be drafted? The GOP appears to be drafting another bill as we speak. As of right […]
March 10, 2017
House Republicans Released the American Health Care Act
Source: National Association of Health Underwriters