The Internal Revenue Service (IRS) outlined the 2024 health savings account (HSA) contribution limits in a recent announcement, noting some of the largest increases within recent years. Contribution limits for HSAs are updated annually. Effective January 1, 2024, individuals with self-only coverage...
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The IRS recently released Revenue Procedure 2023-17, increasing the annual penalty for employers responsible for providing health insurance coverage to full-time employees as required by the Affordable Care Act (ACA). The coverage requirement is referred to as the employer mandate and applies to...
Since the 2010 passage of the Affordable Care Act (ACA), non-grandfathered health plans and health insurers have been required to provide most preventive care services with no cost sharing. Last Thursday a Texas federal judge ruled that employers cannot be required to provide specific preventive...
The Families First Coronavirus Response Act (FFCRA), adopted in March 2020, provided a package of relief programs to help individuals and families affected by the COVID-19 public health emergency.
Starting in January 2024, a new IRS final rule will require information returns of 10 or more be filed electronically, eliminating the option for most smaller organizations to submit returns by mail. For decades, and through the end of the 2023 calendar year, the threshold requiring an entity to...
Humana announced this morning that it will exit the employer group commercial medical business. This includes all fully insured, self-funded and federal medical plans, as well as Humana’s standalone Go365 products. Humana will continue to maintain its dental, vision, life, and Medicare coverage.
The Biden Administration announced on January 30 its intent to end the public health emergency and national emergency on May 11, 2023. In March of 2020, President Trump issued the emergency declaration in response to the nation’s COVID-19 crisis. President Biden extended the national emergency...
Starting January 1, UnitedHealthcare (UHC) members have access to an enhanced cost-transparency tool that includes cost-sharing information on 500 shoppable medical services and items.
Starting January 1, Humana members have access to an enhanced cost-transparency tool that includes cost-sharing information on 500 shoppable medical services and items.
President Biden signed into law recently two new protections for pregnant employees that take effect this year.