Insurance News

You need to know: Beginning in 2011, HSAs and FSAs may no longer be used to purchase over-the-counter (OTC) medications, such as non-prescription pain relievers, cold medicines, antacids and allergy medications. Over-the-counter medications prescribed by a physician will still be reimbursable on a tax-favored basis by these plans. This new rule does not apply to […]

By now you are beginning to hear a lot more about the new Health Care Reform changes and the Federal Exchange Marketplace effective this coming January, 2014. What should I do? Since the required group insurance changes will not take place until your 2014 renewal date you can relax for now. As a small group […]

This is a brief description of changes effective 9/23/10. Most of these changes will occur with your next renewal:

In general, the credit is available to small employers paying at least half the cost of single coverage for their employees. How to Qualify? Generally, the tax credit is available to employers with fewer than 25 full-time equivalent (FTE) employees paying wages averaging less than $50,000 per employee per year. However, since the eligibility formula […]