Producers
There seems to be a lot of confusion about the status of the Individual Mandate, so we thought it would be appropriate to provide some clarification on its status.
On April 26, the Internal Revenue Service (IRS) announced relief for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who can contribute to a Health Savings Account (HSA).
- Providing participants with important information in writing about plan features and funding.
- Establishing an appeal and grievance process for participants to receive benefits from the plan.
The Affordable Care Act (ACA) created a research institute known as the Patient-Centered Outcomes Research Institute (PCORI). The goal of PCORI is to help patients and those who care for them make better-informed decisions about healthcare choices. PCORI is funded by fees which are charged to health plans.
The following information is designed to help employers understand their payment obligations.
As an insurance producer working in the small group market, you know that many small employers are struggling with the rising cost of healthcare. Your job is to help your clients find the most cost-effective benefits solutions that will save them money but still provide the competitive benefits package necessary to recruit and retain qualified candidates. Understanding the different products and services available in the market space is imperative to your success
Last month, U.S. Representative Mike Kelly (R -PA) introduced the Bipartisan HSA Improvement Act. The proposed legislation would improve and enhance Health Savings Accounts (HSAs), and unlike most other HSA initiatives, this bill has bipartisan support.
HSAs have been an agenda item for the Republican party since their inception in 2004, but they are now gaining support amongst Democrats too. The Bipartisan HSA Improvement Act is co-authored by Rep. Earl Blumenauer (D-OR) and is being co-sponsored by a mixture of Republicans and Democrats including Erik Paulsen (R-MN), Ron Kind (D-WI), Terri Sewell (D-AL) and Brian Fitzpatrick (R-PA).
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