Archive for Affordable Care Act’ Category

ACA Play or Pay: Affordability Percentage for 2019 | Houston Benefits Consultants
Jun

7

2018

ACA Play or Pay: Affordability Percentage for 2019 | Houston Benefits Consultants

On May 21, 2018, the IRS announced that the affordability percentage under the Affordable Care Act’s play or pay rules will increase to 9.86% for 2019 plan years. This is an increase from 9.56% for 2018 plan years. By way of background, the ACA’s employer shared responsibility provision – often called the employer mandate or “play or pay” – requires large employers to offer health…

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Health Plan PCORI Fees Are Due July 31 | Houston Benefit Advisors
May

29

2018

Health Plan PCORI Fees Are Due July 31 | Houston Benefit Advisors

Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or HRA is subject to the annual Patient-Centered Research Outcomes Institute (PCORI) fee? This article answers frequently-asked questions about the PCORI fee, which plans are affected, and what you need to do as the employer sponsor….

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Grandmothers Can Visit A Little Longer | Houston Employee Benefits
Apr

13

2018

Grandmothers Can Visit A Little Longer | Houston Employee Benefits

States that permit carriers to renew medical policies without adopting various Affordable Care Act (ACA) requirements may continue to do so through 2019, according to a bulletin released April 9, 2018, by the U.S. Department of Health and Human Services. The bulletin extends transitional relief for non-ACA-compliant policies for another year. The affected category of non-ACA-compliant policies, available in some individual and small group insurance…

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All About Medical Savings Accounts | TX Benefit Advisors
Mar

13

2018

All About Medical Savings Accounts | TX Benefit Advisors

Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage increases?  One way is through health savings accounts. Health savings accounts are used in conjunction…

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IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | Houston Benefit Advisors
Jan

3

2018

IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | Houston Benefit Advisors

On December 22, 2017, the IRS released Notice 2018-06 to extend the due date for employers to furnish 2017 Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2017 form to individuals. The due dates for filing forms with the IRS are not extended. Background Applicable large employers (ALEs), who…

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Employee Benefit Plans and the House Republican Tax Reform Bill | Houston Benefit Advisors
Dec

1

2017

Employee Benefit Plans and the House Republican Tax Reform Bill | Houston Benefit Advisors

On November 2, 2017, House Republicans introduced a tax reform bill (H.R.1-115th Congress) called the “Tax Cuts and Jobs Act” that, if passed, would impact multiple aspects of the tax code. Many of these changes relate to employee benefit plans, particularly in relation to certain fringe benefits. Dependent Care Accounts A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay…

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2017 Health Plan Survey Shows Sharp Rise in Group Healthcare Premiums | Houston Benefit Advisors
Nov

3

2017

2017 Health Plan Survey Shows Sharp Rise in Group Healthcare Premiums | Houston Benefit Advisors

I’m happy to report that this year’s UBA Health Plan survey achieved a milestone. For the first time, we surpassed 20,000 health plans entered—20,099 health plans to be exact, which were sponsored by 11,221 employers. What we were able to determine from all this data was that a tumultuous Presidential election likely encouraged many employers to stay the course and make only minor increases and…

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IRS Releases Final Forms and Instructions for 2017 ACA Reporting | Houston Benefit Advisors
Oct

31

2017

IRS Releases Final Forms and Instructions for 2017 ACA Reporting | Houston Benefit Advisors

Instructions for both the 1094-B and 1095-B and the 1094-C and 1095-C were released, as were the forms for 1094-B, 1095-B, 1094-C, and 1095-C. Reporting will be due early in 2018, based on coverage in 2017. For calendar year 2017, Forms 1094-C, 1095-C, 1094-B, and 1095-B must be filed by February 28, 2018, or April 2, 2018, if filing electronically. Statements to employees must be…

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President Trump Ends ACA Cost Sharing Reductions | Houston Benefit Advisors
Oct

20

2017

President Trump Ends ACA Cost Sharing Reductions | Houston Benefit Advisors

On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped. The Department of Health and Human Services (HHS) has confirmed that payments will be stopped immediately. While there is no direct impact to employers at this time, UBA will continue to educate employers…

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October 2017 Executive Order on Healthcare | Houston Benefit Advisors
Oct

13

2017

October 2017 Executive Order on Healthcare | Houston Benefit Advisors

On October 12, 2017, the White House released an Executive Order, signed by President Trump, titled “Promoting Healthcare Choice and Competition Across the United States.” It is important to note that the Executive Order (EO) does not implement any new laws or regulations, but instead directs various federal agencies to explore options relating to association health plans, short term limited-duration coverage (STLDI), and health reimbursement…

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