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Health Savings Account – HSA 2014 Rules & Requirements

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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Aetna introduces the Premium Savings Plan for Healthcare Reform

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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United Healthcare offering early renewal option

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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Coventry is offering an early renewal option for small groups

Coventry/Health America is offering an early renewal option for small groups rated in BenefitExpress. These clients have the option to renew off-cycle for another 12 months. Selecting a December 1 renewal option can provide consistency, stability and predictability in rates and benefits, especially for employers concerned with ACA changes taking effect in January 2014. Contact your Total Benefit Solutions representative for more details.

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Healthcare Reform Presentation at Gloucester County Tea Party

  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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Ed MacConnell & Terry Farber Esq. to speak at Arden Courts of Warminster

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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