On August 19, 2019, Alegeus completed a final round of upgrades across its three facilities. Only steps from the previous headquarters, the new state-of-the-art facility is a physical reflection of the company’s culture and surrounds the workforce with professional, engaging, and energizing workspaces.
The Treasury Department and IRS have been directed to consider ways to expand the use and flexibility of HSAs and High Deductible Health Plans (HDHPs) consistent with the provisions of section 223 and the appropriate standard for preventive care under section 223(c)(2)(C). In response, on July 17, the departments, in consultation with HHS, published a list of certain medical care services received and items purchased for certain chronic conditions to be classified as preventative care for someone with that chronic condition.
On June 24, 2019, President Trump signed an Executive Order to improve price and quality transparency in American Healthcare. While most of this order relates to price transparency for hospitals and health systems, it does include a provision that calls for guidance to expand the use of health savings accounts (HSAs) in combination with HSA-qualified health plans.
On June 13, the U.S. Departments of Health and Human Services, Labor and Treasury issued a final rule that creates two new kinds of Health Reimbursement Arrangements (HRAs) – the Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA – effective for January 1, 2020 plan start dates.
On May 28, 2019, the IRS released 2020 inflation-adjusted amounts for HSA-qualified health plans.
The CDH market has begun to stagnate. By harnessing modern technologies like AI and machine learning, the Alegeus Smart Account Mobile App will improve the consumer experience, reduce employer costs, and help all stakeholders accelerate business growth through differentiation and improved consumer satisfaction.
On December 28, 2018, the IRS Office of the Chief Counsel released Informational Letter 2018-0033 to clarify when employers can request to recover mistaken HSA contributions. This letter should be used to interpret IRS Notice 2008-59, the previous guidance that served as a primary source of information on HSA issues and administrative procedures.
Employers may play the most important role in the creation, marketing, and communication of CDH plans. You should be doing everything you can to ensure they are pushing employees in the right direction.
Alegeus announces five trends that will be center-stage in the healthcare benefits industry in 2019
President Trump issued an Executive Order that calls for regulations to expand the use of Health Reimbursement Arrangements (HRAs). Learn what they are and when we can expect them to be final.