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Employee Benefits

EMPLOYEE BENEFITS

IRS Announces HSA/HDHP Limits for 2017

Posted by Mick Rodgers

HIGHLIGHTS

  • Each year, the IRS announces inflation-adjusted limits for HSAs/HDHPs.
  • The adjusted contribution limits for HSAs take effect as of the next Jan. 1.
  • The adjusted HDHP limits (minimum deductible and maximum out-of-pocket expenses) take effect for the plan year beginning on or after the next Jan. 1.


OVERVIEW

On April 29, 2016, the Internal Revenue Service (IRS) released Revenue Procedure 2016-28 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2017.

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Healthcare Reform: PCORI fees due 7/31/2016

Posted by Mick Rodgers

The Axial Benefits compliance team keeps you in the know with the latest ACA updates.

PCORI Fee: The PCORI fee due date is quickly approaching.

  • Self-funded plans need to make sure to have this completed by July 31.
  • Carriers pay this fee on behalf of fully-insured plans.
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CMS (Centers for Medicare and Medicaid Services) Approves Massachusetts Small Group Rating Process

Posted by Mick Rodgers

Thankfully, the Centers for Medicare and Medicaid Services (CMS) recently decided that the current practices of quarterly rating and rolling enrollment throughout the year will continue for health insurance plans in the Massachusetts Small Group market.

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ACA Compliance Bulletin:  2017 Final Regulations and notice from HHS

Posted by Mick Rodgers

OVERVIEW

On Feb. 29, 2016, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2017. This rule describes benefit and payment parameters under the Affordable Care Act (ACA), applicable for the 2017 benefit year, including standards relating to:
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