Tag: employee benefits

Question of the Month: How is PPACA’s “IRS Form W-2 safe harbor” regarding affordability calculated? | Conshohocken Employee Benefits

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Answer: Under PPACA, coverage is considered affordable if it costs less than 9.5 percent of an employee’s household income. Because employers are often unaware of an employee’s household income, there are three safe harbors that an employer can use to determine affordability. One is the … Continued

Two PPACA Taxes Might Get the Ax | Pennsylvania Benefit Broker

By Jennifer Kupper, In-house Counsel for iaCONSULTING, a UBA Partner Firm Health Insurance Providers Fee Section 9010 of the Patient Protection and Affordable Care Act (PPACA) imposes a fee on each covered entity engaged in the business of providing health insurance for United States health risks. This is known as the Health Insurance Providers (HIP) … Continued

Top 5 Questions about Medicare Secondary Payer Rules | Conshohocken Benefit Broker

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Under federal regulations, Medicare is a secondary payer for many individuals who have an employer group health plan available to them, either as an employee or the dependent spouse or child of the employee. Generally the Medicare Secondary Payer rules prohibit employers with more than … Continued

Wraparound Excepted Benefits to Launch with Two Pilot Programs | Pennsylvania Employee Benefits

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Health plan sponsors would be permitted to offer wraparound coverage to employees purchasing individual health insurance in the private market, including the Marketplace, in limited circumstances, under a new Final Rule issued by the Department of Labor (DOL) and other federal agencies. The Final Rule, … Continued

Cost Sharing Limits Changing for 2016 | Pennsylvania Benefit Broker

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors In the Benefit and Payment Parameters for 2016 Final Rule issued in February 2015, federal agencies included a clarification that annual cost-sharing limitations for self-only coverage apply to all individuals, regardless of whether the individual is covered by a self-only plan or is covered by … Continued

PPACA’s Impact on How CDHPs and HSAs Work Together | Pennsylvania Employee Benefits

By Bill Olson, Chief Marketing Officer at United Benefit Advisors Employer health savings account (HSA) funding strategies have changed in recent years in response to the Patient Protection and Affordable Care Act (PPACA) and its impact on employer-sponsored health insurance plans. Employers are contributing less, on average, to HSAs and the increase in popularity of … Continued

Survey: Employer Contributions to HSAs Decreasing

Posted by: Bill Olson United Benefit Advisors Health Plan Survey Finds Higher HSA Contributions Correlates to Increased Enrollment in High Deductible Health Plans In 2014, employees saw a 10 percent decrease in their average single Health Savings Account (HSA) employer contribution from the previous year, from $574 in 2013 to $515 in 2014, according to … Continued

IRS Requests Input on the Cadillac Tax | The Megro Benefits Company

By Linda Rowings, Chief Compliance Officer at United Benefit Advisors Beginning in 2018, plans that provide coverage that exceeds a threshold will owe an excise tax that is frequently referred to as the “Cadillac tax.” The threshold generally will be $10,200 for single benefits and $27,500 for benefits provided to an employee, retiree, or member … Continued

 

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