On April 12, 2016, the Internal Revenue Service (IRS) issued Revenue Procedure 2016-24 to index the contribution percentages in 2017 for purposes of determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2017, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only Read More >>
What is managed care?
Posted on September 23, 2016
What is Managed Care? Managed care is essentially a system by which health care costs are controlled while still maintaining high quality care for the patient. This generally means that a party other than the doctor or patient (such as an employer or insurance company) influences the medical treatment provided by controlling the Read More >>
Health Savings Account (HSA) Contribution Limits for Spouses
Posted on September 9, 2016
Federal tax law imposes strict limits on how much can be contributed to a health savings account (HSA) each year. The maximum contribution limit generally depends on whether an HSA-eligible individual has self-only or family coverage under a high deductible health plan (HDHP). Individuals who are age 55 or older by the end of the Read More >>