Don’t Forget to Distribute Required Notices this Open Enrollment

2019-10-14T08:09:20-05:00October 14th, 2019|News|

With open enrollment fast-approaching for many employers, it is a good time to review what materials are necessary for open enrollment and what employer notices are required to distribute and when.  Some employer notices are provided when participants first become covered under a health and welfare plan and others have an annual distribution requirement.

IRS Expands HSA Preventative Care Expenses for Chronic Care

2019-08-12T13:55:31-05:00August 12th, 2019|News|

In response to the Executive Order issued on June 24th, the Internal Revenue Service (IRS) released Notice 2019-45 this week. This notice, for the purpose of Health Savings Accounts (HSAs), provides a list of medical care expenses that can now be treated as preventive care benefits under a high deductible health plan (HDHP). As

Final HRA Regulations Released

2019-07-08T12:20:18-05:00July 8th, 2019|News|

On June 13, 2019, the U.S. Departments of Health and Human Services, Labor and the Treasury issued a final rule allowing employers of all sizes to offer two new kinds of health reimbursement arrangements (HRAs). The two new HRAs include: individual-coverage HRAs and excepted-benefit HRAs. These new HRAs must meet certain conditions and may be offered

ACA Myths and Facts for 2019

2019-05-14T08:52:28-05:00May 14th, 2019|News|

The Affordable Care Act (aka “the ACA”) has been with us for over 8 years, and there remains confusion about some of the key provisions. It hasn’t helped that there have been repeated legislative efforts to repeal the law entirely, or at least poke holes in key provisions. The result of this confusion coupled

Benefit Education: Going Beyond Open Enrollment

2019-05-14T08:51:16-05:00May 14th, 2019|News|

It’s the time of year where open enrollment is well behind us and probably isn’t top of mind until we have to start preparing again for next year. This is great time to reflect and ask ourselves: How many employees truly understand the benefits choices they have made? Most employees do one of two