By David Slaughter, JD, Senior Legal Editor Data collected from Devenir Group, by surveying top health savings account (HSA) providers, reflects both a consistent trend toward account growth and a “savings mindset” taking root among healthcare consumers. The new study shows the popularity of HSAs and their continued to grow, with the number of accounts […]
Tag: Health Savings Accounts
By Gwen Cofield The 2017 contribution limits for health savings accounts (HSAs), recently announced by the Internal revenue Service (IRS), include a slight adjustment for self-only coverage.
By Gwen Cofield Bills expanding access to account-based healthcare arrangements in various respects were approved June 15 by the U.S. House of Representatives’ Committee on Ways and Means.
In Revenue Procedure 2016-28, the IRS recently announced the 2017 contribution limits for Health Savings Accounts (HSAs):
Which is faring better in today’s health insurance market—health reimbursement arrangements or health savings accounts? To find out, United Benefits Advisors (UBA) surveyed more than 10,000 employers representing more than 5 million total lives for its special report, 2015 Health Plan Survey, “HSAs and HRAs: How They’re Doing. UBA broke out the survey data on how employers […]
Plan design can help employer plan sponsors avoid the objectionable task of paying excise taxes on health plan coverage they provide to employees. The Cadillac tax is the Affordable Care Act’s way of taxing health benefits, in part to fund the law’s ambitious coverage objectives. As liability under the tax in 2018 approaches, employers are […]
Insurers and plan sponsors soon will have to report to the government (and list on a web page) their policies on: out-of-network liability and balance billing; enrollee claim submission; claims and denials; recoupment of overpayments; medical necessity; prior authorization; drug exception timeframes; explanations of benefits; and coordination of benefits. Guidance HHS published on Aug. 12 […]
New IRS guidance spells out more issues the agency plans to address in imposing the excise tax on high-cost employer-sponsored health coverage (commonly known as the Cadillac tax). These include: (1) identifying taxpayers who may be liable for the excise tax; (2) aggregating several employers under one plan sponsor’s payment; (3) allocating the tax among […]
Non-grandfathered employer-sponsored group health plans must abide by out-of-pocket maximums for every individual covered, whether they are enrolled in “self-only” or in “other than self-only” (family) coverage. And the government stayed enforcement of the Affordable Care Act’s provider nondiscrimination rules, according to a new set of frequently asked questions from the departments that administer health care reform. […]
Small employers and certain other plan sponsors can continue to reimburse individual premiums until July 1, without the threat of extreme penalties for offering coverage that does not comply with Affordable Care Act insurance mandates, under new guidance from the Internal Revenue Service. IRS Notice 2015-17 reiterates IRS’ previous warning, in Notice 2013-54, that giving employees […]