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HRAs, HSAs, and Health FSAs – What’s the Difference? | Byrne, Byrne & Company

By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own account, at least for bookkeeping purposes. Under the tax rules, amounts may be contributed to … Continued

Wraparound Excepted Benefits to Launch with Two Pilot Programs | Illinois Employee Benefits

By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Health plan sponsors would be permitted to offer wraparound coverage to employees purchasing individual health insurance in the private market, including the Marketplace, in limited circumstances, under a new Final Rule issued by the Department of Labor (DOL) and other federal agencies. The Final Rule, … Continued

Industry Differences Among Health Savings Accounts | Illinois Benefits Broker

By Bill Olson Chief Marketing Officer at United Benefit Advisors While recent survey data shows that, on average, employers are decreasing the amount they’re willing to contribute to employee Health Savings Accounts (HSAs), there are some industries that have not seen such trends. On average, employees saw a 10 percent decrease in their average single … Continued

Health Checklist for Men Over 40 | Chicago Employee Benefits

By Stacey Anderson www.livestrong.com Compared to women, men tend to drink more, suffer more from stress and seek medical advice less often. However, men are also living longer and their lifespan is catching up to women. Make sure that your later years are as healthy as possible. As you age past 40, following health recommendations … Continued

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

by Jennifer Kupper In-house Counsel for iaCONSULTING, a UBA Partner Firm 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 … Continued

Industry Differences Among Health Savings Accounts

While recent survey data shows that, on average, employers are decreasing the amount they’re willing to contribute to employee Health Savings Accounts (HSAs), there are some industries that have not seen such trends.

Cost Sharing Limits Changing for 2016 | Byrne, Byrne & Company

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 … Continued

Congress Taking (Small) Steps for Employee Wellness Programs | IL Employee Benefits

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 … Continued

HRAs, HSAs, and Health FSAs – What’s the Difference?

Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans.

Supreme Court Hears Oral Argument in Subsidy Eligibility Battle | Chicago Benefits Broker

By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors On March 4, 2015, the U.S. Supreme Court heard oral arguments in King v. Burwell, a case that centers on the meaning of statutory language in the Patient Protection and Affordable Care Act (PPACA). At question in the case is whether or not the Internal … Continued