Technorati Tags: HSA,Health savings account,health care,insurance,taxes,IRS Annual contribution limitation. For calendar year 2012, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,100. For calendar year 2012, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a [...]
Technorati Tags: NAHU,Taxes,1099,1099 Repeal,Small Business Nahu Newswire The AP (4/15) reports, “President Barack Obama has signed the first rollback of last year’s healthcare law, a bipartisan repeal of a burdensome tax-reporting requirement that’s widely unpopular with businesses.” The Washington Post (4/15, Sonmez) “2chambers” blog reports, “The move marked the first successful effort by Congress [...]
Technorati Tags: Consumerism,Future of Health Care,HCR,Health Care reform,Health insurance,Consumer Driven Products By Lori Bozacki Interesting editorial piece. The CEO of Humana is discussing the changing health care benefits landscape and pointing out the need for Employers to embrace health care consumerism trends. This is why it is important for solution providers to educate Employers on [...]
Technorati Tags: HRAs,HRA,Health Reimbursement Arrangement By Ric Joyner, MBA, CEBS, GBA, CFCI Folks, NAHU has asked us to speak regarding plan designs of HRAs. We have data on exactly what the employer’s experience (claims that could occur and were actually paid) and we will show you that plan design matters. Well you are now saying [...]
Technorati Tags: IRS,Nondiscrimination testing for health plans,PPACA By Ric Joyner, MBA, CEBS, GBA, CFCI The IRS is seeking comments regarding new non-discrimination in health insurance. Employers are now required to “test” using a formula to determine whether or not the health plan is unbalanced or weighted toward highly compensated employees. Some have stated this [...]
Technorati Tags: adult childern,irs taxes,taxes,tax savings,coverage mandates By Gail Olsen, JD Reinhart Law golsen@reinhartlaw.com Two of the provisions in the health care reform act are causing substantial confusion. They sound similar, but are really two different things: the first is a coverage mandate; the second is a tax exclusion. The Patient Protection and Affordable Care [...]
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