On October 24th, key congressional healthcare committee leaders issued a bicameral agreement to reform the Affordable Healthcare Act (ACA), including a two-year funding extension for the ACA’s cost-sharing reduction (CSR) payments and increasing the maximum HSA contribution limit. The legislative text for the House and Senate bill was released on November 1st and does include an increase in the HSA contribution limit, but only through 2022.
The IRS has released the cost-of-living adjusted 2018 limits for FSAs, QSEHRAs, transit/parking, 401(k)s, and the adoption expenses exclusion.
Senators strike bipartisan deal on a short-term Afffordable Care Act (ACA) fix, but is it dead on arrival?
On October 12th, the US House of Representatives Financial Services Committee passed the “Pass Act of 2017.” If enacted this bill would repeal the Department of Labor (DOL) fiduciary rule and change the jurisdiction of fiduciary duty regulation to the Securities and Exchange Commission (SEC). Can this bill pass the full House and Senate?
On October 12th, following months of failed congressional actions to repeal and replace the Affordable Care Act (ACA), President Trump used his administrative authority to issue a far-reaching executive order that directs the departments of Treasury, Labor, and Health and Human Services (HHS) to “consider” changes to current regulations so that (1) HRAs could be used to cover insurance premiums and be offered without associated group coverage, (2) association health plans (AHPs) could be offered across state lines, and (3) the availability of short-term and limited-duration insurance could be expanded. The executive order does not include details on these requested revisions or provide any substance on how these changes would be implemented, so the CDH industry will continue to meet with and provide feedback to these agencies as they work to implement the executive order.
Leveraging platform data and metrics, Alegeus shares benchmarks and best practices that translate into tangible cost savings for your business. Follow the best practices and calculate the savings.
As a benefit service provider (BSP), you can help your employer groups better prepare to communicate account-based benefits and maximize CDH account adoption, funding and usage. Current employer-to-employee engagement is far from optimal. Partner with Alegeus to deliver direct-to-member engagement campaigns for your employer groups.
Following last month’s failure to repeal/replace the Affordable Care Act (ACA), Senate Republicans are looking towards a proposal by Sens. Lindsey Graham (R-SC), Bill Cassidy (R-LA) and Dean Heller (R-NV) as a possible path forward to achieve the promise of repeal and replace. This proposal was first introduced as an amendment to the Senate’s failed Better Care Reconciliation Act, but never received a vote. What does this proposal include and how does it address the CDH provisions? When could a vote be held and can it be passed under budget reconciliation?
When Congress returns in September, healthcare reform is likely to resume its position at center stage. In addition to a new Republican-led Affordable Care Act (ACA) repeal/replace proposal from Sens. Graham, Cassidy and Heller, bipartisan efforts are underway. To stabilize insurance markets, the Senate will hold bipartisan hearings, and the House’s Problem Solvers Caucus has a proposal for an ACA revise/repair bill. Continue reading to learn about the Problem Solvers Caucus. Will their bipartisan healthcare proposal garner enough support for a vote? Will any of the consumer driven healthcare (CDH) provisions from previous ACA repeal/replace bills be included?
On August 9th, the Department of Labor (DOL) sent a request to the Office of Management and Budget (OMB) to delay the implementation date for the fiduciary rule from January 1, 2018 to July 1, 2019. The DOL also sought further industry comments regarding the fiduciary rule and prohibited transaction exemptions, with a specific request for comments on health savings accounts (HSAs). Learn more about the requested delay and read a summary of the Alegeus-supported HSA Council comment letter to the DOL that reiterates the industry’s position that HSAs should be excluded from the fiduciary rule.