Click the link below to download the announcement. 2014 HSA Limits – 050813R
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Individuals and small employers will be able to purchase private health insurance through a new marketplace called “The Exchange” beginning in 2014. Each state that chooses to operate an Exchange must also establish a Small Business Health Options Program (“SHOP”) that assists eligible small businesses in providing health insurance options for their employees. Click the link to download the rest of the announcement… SHOP Exchanges – 050813R
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Health Savings Account – HSA 2014 Rules & Requirements The IRS recently announced the health savings account rules and requirements for 2014. The HSA contribution limits and out-of-pocket maximums have been increased. 2014 HSA Contribution Limits For calendar year 2014, the annual HSA contribution limits are: Individuals (self-only coverage) – $3,300 (up $50 from 2013) Family coverage – $6,550 (up $100 from 2013) HDHP minimum required deductibles The High Deductible Health Plan (HDHP) required deductibles for an HSA did not change from 2013 to 2014: $1,250 for self-only coverage $2,500 for family coverage Out-of-pocket maximum The annual out-of-pocket expenses include deductibles, co-payments, and other amounts, but not premiums. The… Read More
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To help you estimate your potential tax credit amount, input the data into the calculator to determine your estimated potential health insurance savings under the new health reform law. .. click here
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The Premium Savings program allows you to keep the plan you have, as allowed under the ACA. Doing so will help you to limit disruption in a changing health care environment. Plus,it gives you the time you need to assess your business needs in the future. Aetna clients have the option to: Canceltheir current policy and add a new 12 month policy with a new renewal date of Sept., Oct., Nov. or Dec. 2013. In some states, customers may be able to retain current benefits and rate levels through September-December 2014. Maintain their existing policy and renewal cycle ending in 2014 and move to plans and rates that comply with 2014 ACA regulations at… Read More
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Due to the expected rate increases, and uncertainty caused by the PPACA implementation date of January 1st 2014, United Healthcare is allowing groups who renew in the first quarter of the year to roll their renewal back to December 2013. This is an opportunity for United Healthcare clients to renew early and also lock in their plan and rates for most of the year 2014. More details will be following soon. Please contact us if you have any questions or concerns at 215/355-2121. Want more information from United Healthcare on reform? Click here for a guide for employers.
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Healthcare Reform Presentation at Gloucester County Tea Party Edward T. MacConnell CBC, CHRS will be speaking at the Gloucester County Tea Party Patriots meeting on May 22nd. The Topic is Health Care Reform and You! Meeting Start time is 7:00 at the Gloucester County Library, in MullicaHill Branch, 389 Wolfert Station Road Mullica Hill (East of NJ Rte 45, Bridgeton Pike) at 7:00 PM to 8:30 PM. To reserve your seat contact Rose at 856-228-9249
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Questions about Medicare, Medicaid, Long Term Care and Elder Law Planning? Join us for a Q+A session with Edward T. MacConnell CBC, CHRS and Elder Law Attorney Terry Farber on May 16th 2013 at Noon. Location: Arden Courts at Warminster, 779 W County Line Road, Hatboro PA 19040 Call to reserve your seat: Sarah Gawlinski-Greenstein, (215)957-5182 . The presentation starts at 12 Noon.
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