By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own account, at least for bookkeeping purposes. Under the tax rules, amounts may be contributed to … Continued
By Allan Checkoway, RHU http://disabilityandseniorresources.com/ 1,200,100 Social Security Disability applications were filed in 1999 (48 percent or 579,000 were declined). In 2009, ten years later, 2,816,200 Social Security Disability applications were filed (and 65 percent or 1,830,530 were declined). The number of disability applications more than doubled while denials more than tripled. In one year, … Continued
More complex compliance regulations and rapidly shifting benefits programs pose an increasing challenge to employers. We, as part of the United Benefit Advisors, (UBA) are committed to delivering knowledge that will help simplify those complicated choices and improve the effectiveness and success of your programs. In order to provide educational opportunities for a broad audience … Continued
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors An employer that offers minimum essential coverage to substantially all of its full-time employees may still owe penalties if the coverage it offers is inadequate because it is not “affordable” or it does not provide “minimum value.” It also may owe penalties on the employees … Continued
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Internal Revenue Service (IRS) recently issued a final rule that clarifies various topics relating to the Patient Protection and Affordable Care Act (ACA) and premium tax credit eligibility provisions. Mirroring guidance from IRS Notice 2015-87, the final rule clarifies that health reimbursement arrangement (HRA) … Continued
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The long-standing IRS FAQs related to reporting under sections 6055 and 6056 on requirements provided by the Patient Protection and Affordable Care Act (ACA) have been updated to reflect new information. Final instructions for both the 1094-B and 1095-B and the 1094-C and 1095-C were … Continued
We Can – I Can 4th February – Today is World Cancer Day #WorldCancerDay #WeCanICan Taking place under the tagline ‘We can. I can.’, World Cancer Day 2016-2018 will explore how everyone – as a collective or as individuals – can do their part to reduce the global burden of cancer. Just as cancer affects … Continued
By Bill Olson Chief Marketing Officer at United Benefit Advisors As wellness programs continue to flourish particularly among large employers, a discovery is being made about one of the most important health conditions – hypertension. Hypertension (also known as high blood pressure) is a medical issue where the pressure of the blood in a person’s … Continued
Are you at risk from the Cadillac Tax? Even if you are not now, chances are that you will be soon.
By Bill Olson Chief Marketing Officer at United Benefit Advisors Are you benchmarking your health plan correctly? If you are using data from your carrier or a small study of only large employers, chances are you are not effectively analyzing your rates. To truly benchmark your plan, you need to compare your plan to others … Continued