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Thursday, May 25, 2017

IRS Announces 2018 HSA Adjustments

Recently the IRS issued it’s anticipated Health Savings Account (HSA) guidance for calendar year 2018.  Listed below are the changes to current IRS rules affecting HSAs, and qualified high deductible health insurance plans, effective in 2018: HSA Contribution Maximum (Individual/Self Only Coverage): $3,450 ($3,400 in ’17). HSA Contribution Maximum (Family Coverage): $6,900 ($6,750 in ’17).LEARN MORE

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Thursday, May 25, 2017

ACA Update – Phase 1 of 3 Toward Change

On May 4, 2017, the U.S. House of Representatives passed an amended version of the “American Health Care Act” or AHCA, on a 217-213 vote tally. In and of itself, this vote DOES NOT ALTER THE HEALTHCARE/HEALTH INSURANCE LANDSCAPE! There are a number of phases (at least 3, but likely several more procedural steps) that must be completed in order for the Affordable Care Act (ACA) to be partially repealed. And to be clear, the AHCA would represent a partial, piecemeal repeal of the ACA, and would in fact, retain much of the ACA. So here’s where we are and what we know, as of today…

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Thursday, May 11, 2017

PCORI Fee/CERF – payment schedule

Patient Centered Outcomes Research Institute (PCORI) Fee, also known as the Comparative Effectiveness Research Fee (CERF)Fee periods and payment schedule For CERF payments, ERISA plan year is important, and determines both the timing and amount of payment to the IRS. If your ERISA plan year and renewal date differ, the ERISA plan year should be usedLEARN MORE