HSA Limit Changes for 2018

The IRS released 2018 limits for Health Savings Accounts (HSAs) and qualified High Deductible Health Plans (HDHPs).

The newly adjusted limits for 2018 must be adhered to in order for a health plan to maintain its qualified status as an HDHP and to remain compatible with an HSA.

Posted on May 22, 2017 and filed under HSA, HRA.

New Small Employer HRA May Cover Individual Health Insurance Premiums

BPC is pleased to alert our clients and partners about the passage of 21st Century Cures Act which President Obama signed into law on December 13, 2016.  Of particular interest to employer benefits is a provision which will allow small employers to establish a Health Reimbursement Arrangement (HRA) in order to reimburse medical expenses, including for individual health insurance premiums, for employees and their families.

Posted on December 13, 2016 and filed under HRA, QSEHRA, COBRA.

Cadillac Tax Delay Advocacy A Success

Employers can find relief in a two-year delay to the start of the unpopular excise tax on group health premiums known as the “Cadillac Tax”. BPC’s largest policy concerns in 2015 were related to the looming impact of the tax. BPC’s CEO, Habeeb Habeeb, along with other industry leaders, spent time in Washington D.C. meeting with members of Congress on both sides of the aisle, explaining the need for repeal or reform of this potentially harmful tax.  The 40% excise tax on the value of health coverage exceeding certain thresholds was set to go into effect in 2018.  Estimates ranged widely across different studies and surveys, but overwhelmingly found that the tax would impact a broad range of employers in the U.S.

Posted on January 7, 2016 .