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Tuesday, April 7, 2020

Health Ins. Options During Coronavirus Pandemic

The COVID-19 pandemic has disrupted and changed the health insurance landscape for many people.  Here’s a review of the various options available to people, depending on their specific situation and eligibility:

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Monday, March 30, 2020

CARES Act Impact on Health Insurance

On March 27, 2020,  the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law.  The CARES Act amends certain provisions of the Families First Coronavirus Response Act (“FFCRA”).  CARES also temporarily eliminates deductibles for certain services in HSA Qualified High Deductible Health Plans (HDHPs), and temporarily expands the list of qualified expenses reimbursable through HSAs, HRAs, and FSAs.

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Wednesday, March 25, 2020

Families First Coronavirus Response Act

On March 18, 2020 the President signed into law the Families First Coronavirus Response Act (FFCRA), which takes effect April 2, 2020.  The FFCRA includes several provisions that impact employers with less than 500 employees, with allowable exemptions for affected employers with fewer than 50 employees.  This blog post addresses the three (3) main aspects of the FFCRA: 1. Mandated waiver of health insurance related cost sharing for COVID-19 testing; 2. New paid leave entitlements;  and 3. Employer tax credits.  

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Wednesday, March 11, 2020

Coronavirus Health Insurance Benefits

Leaders of the major health insurance companies in the U.S. agreed to expand insurance benefits related to Corornavirus/COVID-19, in a historical meeting held at the White House yesterday (March 10, 2020).  Present at the meeting were executives from: Aetna
Blue Cross Blue Shield (BCBS) Association (representing the 36 BCBS plans throughout the nation, including Anthem)
Cigna
Humana
UnitedHealth Group (aka United Healthcare)

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Friday, January 24, 2020

Employer Fine Exposure Increasing

On Jan. 15, 2020, the Department of Labor (DOL) released its 2020
inflation-adjusted civil monetary penalties that may be assessed on
employers for violations of a wide range of federal laws, including:
 The Fair Labor Standards Act (FLSA);
 The Employee Retirement Income Security Act (ERISA);
 The Family and Medical Leave Act (FMLA); and
 The Occupational Safety and Health Act (OSH Act).

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Friday, December 20, 2019

ACA Taxes Repealed

There is never a dull moment in congress, particularly as it relates to healthcare reform!  While we have been reading and hearing, for most of the year, about congressional efforts to eliminate so called “surprise medical bills”, and reduce escalating drug prices, what we ultimately got were ACA tax cuts.  In total, $373 billion worth of ACA related tax cuts are coming as a result of the House and Senate passed spending/funding bill.

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Friday, December 13, 2019

HSA Updates for 2020

Here are the maximum limits for Health Savings Accounts (HSA) and the required (qualified) High Deductible Health Plans (HDHP) for 2020…

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Friday, December 6, 2019

IRS Announces ACA Deadline Extension

The IRS has announced a delay for furnishing 2019 related ACA notices to employees…

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Tuesday, October 1, 2019

Top 10 Non-Insurance Healthcare Payment Options

Stop the (healthcare) madness!  I often lecture (both when asked and not) about one of the most defective, yet easily correctable parts of our healthcare system.  That is…our penchant for insuring risks that are neither catastrophic nor unexpected in cost or aspect.  The administrative costs associated with processing lower cost healthcare claims slows down the system, and inflates already high premium costs

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Friday, July 19, 2019

***SPECIAL UPDATE***

Both the pace and scope of changes in the healthcare/health insurance space accelerated this past week (7/15/19-7/19/19) with several important developments. Here’s a recap of what all took place…