2015’s Open Enrollment Faces Several Hurdles

Fall open enrollment for the 2015 group health plan year is being dominated by employer frustration and uncertainty about implementing coverage and IRS reporting requirements under the health care reform law’s employer coverage mandate. “Open enrollment is going to present employers with some huge challenges this year,” said Steven Friedman, shareholder and employee benefits practice […]

IRS Announces Inflation-Adjusted Increase for HSAs

The IRS released increases for HSAs and high-deductible health plans (HDHPs) for 2015. The maximum annual HSA contribution for self-only HDHP coverage will increase from $3,300 to $3,350. The maximum annual HSA contribution for family HDHP coverage will increase from $6,550 to $6,650. The age 55 catch-up contribution continues to be $1,000 The minimum HDHP […]

President of SWIM Featured in Life Health Pro

Look at the insurers’ own provider directories. Jeff Ungvary, president of Strategic Wellness & Insurance Management Services Inc., said he thinks brokers should also talk about the ramifications of network decisions when helping customers choose health coverage. When he helps midsize employers analyze networks, he gets a list of the enrollees’ primary care doctors and […]

ERISA Explains It All

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for retirement and health benefit plans in private industry. ERISA does not require any employer to establish a plan. It only requires that those who establish plans meet certain minimum standards. ERISA covers retirement, health and other welfare […]