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Industry News Ranging from Health Care to Human Resources; Estate Planning to Life Insurance.

CareFirst BCBS Rate Action Approved for the Individual Market

The Maryland Insurance Administration (MIA) has approved a 34.5% increase on CareFirst BlueChoice HMO and a 49.9% increase on BCBS PPO Individual Market Health Plans for members under 65 effective January 1, 2018. The 2018 Open Enrollment period will run from Nov. 1, 2017 through December 15, 2017. Individuals are able to shop rates and […]


Evergreen Health Policies Cancelled Effective 9/30/2017

On August 31, 2017, the Receiver for Evergreen Health filed a motion in the Baltimore City Court asking the court to liquidate Evergreen Health. After review of the Receiver’s motion, the Circuit Court for Baltimore City entered an order on September 1, 2017 ordering the liquidation of Evergreen Health. The order contains significant provisions that […]


IRS: Health FSAs Cannot be Used for Insurance Premiums

A recently released IRS letter reaffirms the agency’s view that funds from a health flexible spending arrangement (health FSA) may not be used to reimburse health insurance premium payments or Medicare premium expenses. Certain Premiums May be Deducted The IRS letter points out that health insurance premium payments, including those for Medicare, may qualify for […]


DOL Releases Updated Model CHIP Notice

An updated model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children’s Health Insurance Program (CHIP) is now available for download from the U.S. Department of Labor (DOL). Click here to download the latest employer CHIP notice in PDF format. Annual Notice Requirement The employer CHIP notice must […]


Senate Fails to Pass ACA Repeal Bill

Overnight, the U.S. Senate failed to pass the Health Care Freedom Act, a bill which sought to repeal several requirements of the Affordable Care Act (ACA). While the future of the ACA repeal effort is unclear at this time, pending further developments, all existing ACA requirements remain in effect, including penalties for noncompliance. For more […]


MLR Rebates Due to Plan Sponsors by September 30

The Medical Loss Ratio (MLR) rules under Health Care Reform require an issuer to provide rebates if its medical loss ratio (the amount of health insurance premiums spent on health care and activities to improve health care quality) falls short of the applicable standard during a reporting year. Each year’s rebates must be provided by […]


2018 HSA Limits

The Internal Revenue Service released the Health Savings Account (HSA) Limits for 2018. For Self-Only, the contribution maximum is $3,450. For Families, the contribution maximum is $6,900. Individuals over age 55 can contribute $1,000 over the contribution maximum every year going forward catch up contributions.


Model Notices Previously Set to Expire on March 31, 2017

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has extended the effective date of its model Health Insurance Exchange Notices through April 30, 2017. Previously, these model notices were set to expire on March 31, 2017. No other changes have been made to these notices. Click here to access the model notices with […]


2017 HSA Limits

The Internal Revenue Service released the Health Savings Account (HSA) Limits for 2017.     For Self-Only, the contribution maximum is $3,400. For Families, the contribution maximum is $6,750. Individuals over age 55 can contribute $1,000 over the contribution maximum every year going forward catch up contributions.


Revised Model CHIP Notice Now Available

 revised model notice is now available for all employers that provide group health coverage in states with premium assistance through the Children’s Health Insurance Program (CHIP), or Medicaid, to inform employees of potential opportunities for assistance in obtaining coverage. The employer CHIP notice must be furnished to all employees annually before the start of each plan […]


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