The ACA is in its second decade of affecting healthcare across the country. This legislation continues to have a major impact on Americans across a range of economic groups and industries. Its affects can also be felt in the CDH market. Originally Posted by BenefitsPRONovember 22, 2021 Healthcare reform has been debated for years, with … More >>
The Affordable Care Act has impacted American lives for over a decade. How has it affected the Consumer-Directed Healthcare account market? Healthcare reform has been a topic of debate since the early 20th century. Many recent U.S. presidents have endeavored to reshape the American system in varying ways. The Affordable Care Act (ACA), which became … More >>
Throughout the coronavirus pandemic, many relief measures have been enacted, from stimulus payments to extended deadlines to COBRA subsidies. Keeping up with these relief measures, how long they apply and what employers need to do to stay compliant can be most challenging. With expiration dates right around the corner, it’s important to know what’s coming … More >>
On November 10, 2021, the Internal Revenue Service (IRS) published Rev. Proc. 2021-45, in which it announced annual limits for Flexible Spending Account (FSA) contributions, maximum carryover amounts, Transportation benefit (Transit/Commuter/Parking) contribution limits and Qualified Small Employer Health Reimbursement Arrangement (QSEHRAs) limits. 2022 FSA Contribution Limit The annual maximum 2022 FSA contribution limit will be … More >>
As pandemic-related losses have driven business owners to cut costs, High Deductible Health Plans (HDHPs) have enabled them to provide healthcare options to employees while minimizing premium expenses. Due to the higher deductibles and out-of-pocket costs, HDHPs require some adjustment on the part of employees. To help, these health plans are often coupled with Health … More >>
LITTLE ROCK, ARKANSAS (Nov. 1, 2021) – DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a whitepaper titled, “Eleven Years After the Affordable Care Act, The Consumer-Directed Healthcare Market Thrives.” The paper explores the health of CDH accounts after a decade of the ACA – and concludes that it … More >>
Flu season is miserable even in a normal year. During a pandemic, it can be even scarier, especially if you are in a vulnerable population. It’s more important than ever to have the latest information on the available vaccinations, corresponding costs and how to pay for them. Many health insurance plans cover routine vaccinations such … More >>
COVID-19 has changed the way we live and work. Many Americans have lost their sense of security regarding jobs, economic standing, and overall health. To attract and retain talent in a post-pandemic world, employers and their brokers must be more creative. Crafting a benefits strategy that helps workers regain a sense of security and well-being … More >>
Cafeteria Plans are an employer-sponsored benefit that lets employees pay certain qualified medical expenses – such as health insurance premiums for medical, dental, and vision coverage – on a pre-tax basis. They are sometimes called Section 125 Cafeteria Plans. “Section 125” refers to the portion of the Internal Revenue Code (IRC) that regulates these pre-tax … More >>
With one in five U.S. adults experiencing some form of mental illness in any given year, the need for mental health care impacts many families. Yet, according to the National Alliance of Mental Illness (NAMI), 55 percent of adults and 49 percent of children ages 6-17 with a mental health issue don’t receive care. NAMI estimates that untreated … More >>
COBRA coverage can work with healthcare benefit accounts such as HSAs, HRAs, and FSAs to help former employees meet their eligible medical expenses.
Although COVID-19 was a top health story in 2020, another disturbing health trend emerged with fewer people quitting smoking. The health dangers of smoking cigarettes have been well-documented since the U.S. surgeon general’s groundbreaking report in 1964. The number of adults who smoke is down to an estmated 14 percent in 2019. And cigarette sales had … More >>
Opening a Health Savings Account (HSA) can be a great investment in your personal healthcare and financial future. Owned by the participant-employee (rather than the employer), the HSA is a versatile spending and savings account that can be used for many healthcare expenses. Since they can keep the account for life, HSA owners should adopt … More >>
When a Health Savings Account (HSA) owner has a change of status during the year, it affects how much he or she can contribute to their HSA. Learn how a mid-year change of status affects HSA contribution limits below. When a person with a qualified High Deductible Health Plan signs up for an HSA, the … More >>
The fight against COVID-19 has expanded to the purchase of personal protective equipment (PPE) items. On Friday, March 26, the IRS released Announcement 2021-7, which qualifies PPE purchased for the primary purpose of preventing the spread of COVID-19 as medical expenses under section 213(d) of the Internal Revenue Code. The regulation allows specific items to be … More >>