Archive for UBA Partner News’ Category

What Employers Need to Know about the Senate Proposed Healthcare Bill | Houston Benefit Advisors
Jun

28

2017

What Employers Need to Know about the Senate Proposed Healthcare Bill | Houston Benefit Advisors

On June 22, 2017, the United States Senate released a “Discussion Draft” of the “Better Care Reconciliation Act of 2017” (BCRA), which would substitute the House’s House Resolution 1628, a reconciliation bill aimed at “repealing and replacing” the Patient Protection and Affordable Care Act (ACA). The House bill was titled the “American Health Care Act of 2017” (AHCA). Employers with group health plans should continue…

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Jun

13

2017

What Happens to Coverage When Employees Reduce Their Hours? | Houston Benefit Advisors

The Section 125 cafeteria plan regulations and the Patient Protection and Affordable Care Act (ACA) require employers to take certain actions when an employee reduces hours. Consider this scenario: An employer has an employee who is reducing hours below 30 hours per week. The employee is performing the same job and duties. The employee was determined to be full-time during the most recent measurement period….

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Jun

9

2017

2018 Amounts for HSAs; Retroactive Medicare Coverage Effect on Contributions | Houston 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 individual with family coverage under an HDHP is $6,900. How…

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Answers to the Top 4 Questions about Section 105(h) Nondiscrimination Testing | Houston Benefit Advisors
Jun

6

2017

Answers to the Top 4 Questions about Section 105(h) Nondiscrimination Testing | Houston Benefit Advisors

Under Internal Revenue Code Section 105(h), a self-insured medical reimbursement plan must pass two nondiscrimination tests. Failure to pass either test means that the favorable tax treatment for highly compensated individuals who participate in the plan will be lost. The Section 105(h) rules only affect whether reimbursement (including payments to health care providers) under a self-insured plan is taxable. When Section 105(h) was enacted, its…

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Why some companies offer an HRA | Houston Benefit Advisors
May

19

2017

Why some companies offer an HRA | Houston 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 to be discussing the use of health reimbursement accounts with…

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May

3

2017

Why Private Exchanges Haven’t Taken Off As Predicted | Houston Benefit Advisors

While the health care affordability crisis has become so significant, questions still linger—will private exchanges become a viable solution for employers and payers, and will they will continue to grow? Back in 2015, Accenture estimated that 40 million people would be enrolled in private exchange programs by 2018; the way we see this model’s growth today doesn’t speak to that. So, what is preventing them…

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An Employer’s Guide to Navigating the ACA’s Strong Headwinds | Houston Benefit Advisors
Apr

17

2017

An Employer’s Guide to Navigating the ACA’s Strong Headwinds | Houston Benefit Advisors

One might describe the series of events leading to the death of the American Health Care Act (Congress’s bill to repeal and replace the Affordable Care Act) as something like a ballistic missile exploding at launch. The Patient Protection and Affordable Care Act (ACA) repeal debate began nearly a decade ago with former President Barack Obama’s first day in office and reemerged as a serious…

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Getting the Most Out of an Employee Assistance Program (EAP) | Houston Benefit Advisors
Apr

13

2017

Getting the Most Out of an Employee Assistance Program (EAP) | Houston Benefit Advisors

Many employers understand the value of having an Employee Assistance Program (EAP) since the heart and soul of organizations are employees. Employees who are physically and mentally healthy, highly productive, engaged in their work, and loyal to their employer contribute positively to their employer’s bottom line. Fortunately, most employees are positive contributors, yet even the best of employees can occasionally have issues or circumstances arise…

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Medicare Part D: Creditable Coverage Disclosures | Houston Benefit Advisors
Mar

23

2017

Medicare Part D: Creditable Coverage Disclosures | Houston Benefit Advisors

Entities such as employers with group health plans that provide prescription drug coverage to individuals that are eligible for Medicare Part D have two major disclosure requirements that they must meet at least annually: Provide annual written notice to all Medicare eligible individuals (employees, spouses, dependents, retirees, COBRA participants, etc.) who are covered under the prescription drug plan. Disclose to the Centers for Medicare and…

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