Health Industry News

2025 HSA Contibution and Other Limits

2025 HSA Contributions and Other Limits Released The Internal Revenue Service IRS released its annual inflation-adjusted contribution limits for Health Savings Accounts HSA effective for Plan Years beginning January 1, 2025. Other announced limits are also noted below. 2024 2025 HSA Contribution Limit Employer and Employee Individual: $4,150 / Family: $8,300 Individual: $4,300 / Family: $8,550 Catch-Up Contributions for Ages 55+ $1,000 $1,000 HDHP Minimum Qualifying Deductible Individual: $1,600...

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AmWins Connect 6/19/2024 Comments(0)

Nondiscrimination Final Rules

Section 1557 Nondiscrimination Final Rules Late in April of this year, the Department of Health & Human Services HHS finalized rules that expand the requirements previously set forth in agency interpretations of the ACA’s §1557 nondiscrimination requirements, which prohibit covered entities from discriminating against individuals on account of race, color, national origin, sex, age, and disability in providing health programs and activities. Based on the final rules, the definitio...

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AmWins Connect 6/19/2024 Comments(0)

Employer Sponsored Indemnity Plans

Employer Sponsored Indemnity Plans On March 28, 2024, the Departments of Health and Human Services HHS , Labor, and the Treasury collectively, the Departments released final rules governing employer-sponsored indemnity insurance. This type of medical coverage is designed to provide limited-scope benefits and is therefore exempt from certain legal requirements that otherwise apply to major medical plans. As such, indemnity insurance is strictly regulated to ensure that consumers and employees und...

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Kelly Benefits Advantage 4/11/2024 Comments(0)

Medicare Part D Costs

Below you will find excerpts from an article in The American Retiree regarding MediCare Part D drug coverage.... What does Medicare Part D cover? Medicare Parts A and B come directly from the federal government, but that's not the case for prescription drug plans. Private insurers provide the coverage that Medicare Part D offers, and the specifics differ from plan to plan. Because of these plan differences, there's no way to say exactly what Part D will cost. In particular, the following things ...

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Compilation 11/22/2019 Comments(0)

California to extend health benefits to immigrants

Among its many firsts, California looks to be claiming a new one: the extension of health benefits to immigrants ages 19 to 25 who are in the country illegally. Not everyone is happy with the plan, according to the Sacramento Bee, although perhaps not for the reasons one might expect. While those against extending such benefits to those who have not entered the U.S. legally are vocal in their opposition, Republican lawmakers oppose the measure—part of California’s drive to make sure ...

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Marlene Satter; benefitsPRO 6/11/2019 Comments(0)

CVS to add 1500 HealthHUB stores

CVS will open 1,500 HealthHUB stores by the end of 2021, the company announced Tuesday ahead of its investor day. The HealthHUBs are remodeled drugstores that focus more on health services and products and less on candy and greeting cards. CVS opened its first three HealthHUB locations in Houston in February. It plans to open more in Houston, Atlanta, Philadelphia, southern New Jersey and Tampa, Florida, by the end of the year. “We’re pleased with the customer feedback we’ve re...

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Angelica LaVito, CNBC 6/4/2019 Comments(0)

Millennial's Uninsured Rate Soars

The percentage of millennials who lack major medical coverage may have soared since 2016. Analysts from the Transamerica Center for Health Studies are reporting new survey results that show loss of Medicaid coverage and individual major medical coverage has wiped out increased use of group health coverage. About 16 percent of millennials lacked health coverage in late 2018, up from 11 percent in 2016, according to Transamerica center analysts. The center analysts based their figures on an online...

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Allison Bell 5/21/2019 Comments(0)

Marketplace health care and mental health

Looking for an appointment for mental health care ? Check your coverage—if you have insurance through an Affordable Care Act marketplace-sponsored plan, you’re less likely to get it than if you’re requesting it through an employer-sponsored plan or Medicare. So finds a study published in the May 2019 issue of Health Affairs, “Insurance-Based Disparities In Access, Utilization, And Financial Strain For Adults With Psychological Distress.” According to the study, adul...

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Marlene Satter 5/10/2019 Comments(0)

Respite Care

Federal Lawmakers Introduce Bill to Expand Access to Respite Care A bipartisan bill introduced this month known as the Lifespan Respite Care Reauthorization Act of 2019, or H.R.2035, would earmark $200 million over the next five years to boost respite care services across the country. The legislation is an effort to reauthorize an existing law that’s been on the books since 2006 while increasing the funding. Under the measure, $20 million would be authorized for fiscal year 2020 and then f...

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Disability Scoop 4/30/2019 Comments(0)

Social Security and MediCare Funding

Social Security and Medicare Funds Face Insolvency Report Finds Last week, an annual government report on the status of Medicare and Social Security, painted a dire portrait of their solvency that will saddle the United States with more debt at a time when the economy is starting to cool and taxes have just been cut. According to the report, the cost of Social Security, the federal retirement program, will exceed its income in 2020 for the first time since 1982. The program’s reserve fund ...

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New York Times 4/30/2019 Comments(0)