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Posts Tagged ‘health insurance’

New ACA Implications for Cafeteria Plans: Change in Status and Changing Employee Elections | NY Employee Benefits

July 23rd, 2015   |   by admin   |   in ACA

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits, for example, […]

IRS Releases Draft 2015 Forms for 6055/6056 Reporting | New York Benefits Broker

July 20th, 2015   |   by admin   |   in IRS

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors Background Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals […]

Understanding Captive Insurance Arrangements | New York Employee Benefits

July 16th, 2015   |   by admin   |   in Industry News

By Bill Olson, Chief Marketing Officer at United Benefit Advisors More and more employers—especially mid to large size groups—are considering different types of self-insured financing mechanisms. UBA Partners are at the forefront of helping employers understand their options, and as a group of independent advisors bound by a code of conduct to actively cultivate, validate […]

It’s Not a Matter of “If,” But “When” You Get Audited By the U.S. Department of Labor | Brio Benefits

June 9th, 2015   |   by admin   |   in Industry News

By Bill Olson, Chief Marketing Officer at United Benefit Advisors As the saying goes, an ounce of prevention is worth a pound of cure, and that’s definitely the case when it comes to a health plan audit by the U.S. Department of Labor (DOL). And prevention is certainly warranted, according to Jeff Hadden, Partner at […]

Cost Sharing Limits Changing for 2016 | NY Benefits Broker

April 15th, 2015   |   by admin   |   in PPACA

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 […]

Congress Taking (Small) Steps for Employee Wellness Programs |New York Benefits Broker

April 10th, 2015   |   by admin   |   in Wellness

By Jennifer Kupper The Patient Protection and Affordable Care Act (PPACA) specifically encourages and promotes the expansion of wellness programs in both the individual and group markets. In the individual market, the secretaries of the departments of Health and Human Services (HHS), Treasury, and Labor are directed to establish a pilot program to test the […]

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

April 2nd, 2015   |   by admin   |   in PPACA

 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 […]

Final Rule Issues Standards for Insurers and Marketplaces in 2016 | New York Employee Benefits

March 31st, 2015   |   by admin   |   in Industry News

By Linda Rowings, Chief Compliance Officer at United Benefit Advisors Recently, the Centers for Medicare and Medicaid Services and the Department of Health and Human Services issued a Final Rule with standards for insurers and Marketplaces in 2016, covering topics such as transparency in health insurance rate increases, formulary drug lists, drug mail order opt […]

Survey: Employer Contributions to HSAs Decreasing | Brio Benefits

March 26th, 2015   |   by admin   |   in General News

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 […]

Growing Pains: Why Adolescence Is About To Get That Much Harder | New York Employee Benefits

March 24th, 2015   |   by admin   |   in General News

By Elizabeth Kay, Compliance & Retention Analyst, AEIS Advisors Employers that are growing up, and are in the awkward teenage years, are about to get a big surprise, and not the good kind. When a company first opens, they are excited when they first implement their benefit plans for their handful of employees. They offer […]