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2018 Amounts for HSAs; Retroactive Medicare Coverage Effect on Contributions | Ohio Benefit Advisors

IRS Releases 2018 Amounts for HSAs The IRS released Revenue Procedure 2017-37 that sets the dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for 2018. For calendar year 2018, the annual contribution limit for an individual with self-only coverage under an HDHP is $3,450, and the annual contribution limit for an … Continued

Qualified Small Employer Health Reimbursement Arrangements and ERISA | Ohio Benefit Advisors

Certain small employers have the option to reimburse individual health coverage premiums up to a dollar limit through Qualified Small Employer Health Reimbursement Arrangements (QSE HRAs) under the 21st Century Cures Act (Cures Act). The Cures Act amends the Employee Retirement Income Security Act of 1974 (ERISA) to exclude QSE HRAs from the ERISA definition … Continued

Why some companies offer an HRA | Ohio Benefit Advisors

In a world of insurance and acronyms, the term “HRA” is thrown around a lot, but it has a variety of meanings. HRA can mean health reimbursement account, heath reimbursement arrangement, or health risk assessment, and all of those mean something different. I want to be clear that in the following article I am going … Continued

Employers Ask: What Prevents Me from Reimbursing Individual Health Insurance Policies? | Ohio Employee Benefits

In serving 36,000 employers and 5 million employees, our UBA Partners get this question frequently: What federal guidance prohibits employers from reimbursing individual health insurance policies? Answer: The IRS has issued extensive guidance prohibiting employers from reimbursing health insurance policies on an individual basis. It issued two notices in 2015 that addressed this issue. In … Continued

11 Health Insurance Tax Facts You Need to Know

Among the many changes the Patient Protection and Affordable Care Act (PPACA) has triggered, amendments to the tax code rank high. Here are some well-researched answers to the questions you’re looking for.

HSA, HRA contributions reach record high in 2013

The number of employers contributing to health savings accounts or health reimbursement arrangements continues to grow, with 71% of employees reporting contributions from their employers in 2013, according to a new report by EBRI.

IRS Releases Tax Benefit Inflation Adjustments for 2014

Internal Revenue Service (IRS) Revenue Procedure 2013-35 provides the cost-of-living adjustments to certain items for 2014 as required under the Internal Revenue Code. This revenue procedure includes updates for numerous items including:

To incent or not to incent

There is a lot of confusion and more than a few questions about the use of incentives in benefits these days. Incentives are an especially big question mark for employers because so many want to find ways to motivate, encourage and lower the health care costs

New Guidance on HRAs and Premium Reimbursement Arrangements

Guidance on released details from the IRS on permissible HRAs, clarification on minimum essential, minimum value and affordable coverage, and payment of individual premiums through an employer-provided plan.

PCORI Fee Due July 31, 2013 For Plan Years Ending October 1, 2012 – December 31, 2012

By July 31, 2013, most issuers of health insurance policies and plan sponsors of self-insured health plans must pay a fee of $1 per covered life as a result of new provisions in PPACA

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