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June 26, 2017

Senate Releases Draft ACA Replacement Bill

On June 22, 2017, Republicans in the U.S. Senate released their proposal to repeal and replace the Affordable Care Act (ACA), called the Better Care Reconciliation Act (BCRA). The Senate bill closely mirrors the proposal passed in the House of Representatives—the American Health Care Act (AHCA)—with some differences.
May 9, 2017

House Republicans Pass Amended AHCA

On May 4, 2017, members of the U.S. House of Representatives voted 217-213 to pass the American Health Care Act (AHCA), after it had been amended several times. The AHCA is the proposed legislation to repeal and replace the Affordable Care Act (ACA).
March 29, 2017

ACA Replacement Bill Withdrawn

On March 24, 2017, Republican leadership in the U.S. House of Representatives withdrew the American Health Care Act— their proposed legislation to repeal and replace the Affordable Care Act (ACA). A House vote was scheduled to take place on that day, but House Republicans could not secure enough votes to approve the legislation and, instead, canceled the vote. As a result, the ACA will remain in place at this time.
March 22, 2017

Telemedicine—Impact on HSA Eligibility

Telemedicine is becoming a popular method of providing a variety of medical services. Some employers offer a telemedicine benefit that allows employees to interact with health care professionals via phone, video chat, email or text for diagnosis, consultation and treatment.
March 8, 2017

House Committees Release ACA Replacement Bills

On March 6, 2017, Republican leadership in the U.S. House of Representatives issued two bills to repeal and replace the Affordable Care Act (ACA) through the budget reconciliation process. These bills, which were issued by the Ways and Means Committee and the Energy and Commerce Committee, are collectively known as the American Health Care Act.
May 2, 2016

IRS Announces HSA & HDHP Limits for 2017

The IRS has released the inflation-adjusted limits for HSAs and HDHPs for 2017. These limits include: (1) the maximum HSA contribution limit; (2) the minimum deductible amount for HDHPs; and (3) the maximum out-of-pocket expense limit for HDHPs. The HDHP limits will not change for 2017 plan years. The only limit that will change for 2017 is the HSA contribution limit for individuals with self-only coverage under an HDHP, which will go up by $50.
April 27, 2016
HRA vs. FSA vs. HSA: Comparison of Tax-Advantaged Accounts

Tax-Favored Accounts: Which one is best for your organization?

In an effort to respond to the rising cost of health insurance, many employers make use of tax-favored accounts such as health reimbursement arrangements (HRAs), health flexible spending accounts (health FSAs), and health savings accounts (HSAs) to offer consumer-driven health plans. These accounts have grown in popularity because they offer potential health care cost savings to both employers and employees. For example, individuals covered under under one of these benefits are more likely to seek preventive care, choose generic drugs, not misuse the emergency room and use online tools to research health care and providers.
April 26, 2016
HRA vs. FSA vs. HSA: Comparison of Tax-Advantaged Accounts

HRA vs. FSA vs. HSA: Comparison of Tax-Advantaged Accounts

HRA FSA HSA Name of Account Health Reimbursement Arrangement Flexible Spending Account Health Savings Account Who owns the account? Employer Employer Individual/employee Who may fund the […]