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Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments) | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

November 24, 2017

Recently, the Internal Revenue Service (IRS) issued the instructions for Forms 1094/1095 for the 2017 tax year, announced PCORI fees for 2017-18, and announced cost-of-living adjustments for 2018. The IRS provided additional guidance on leave-based donation programs’ tax treatment and released an information letter on COBRA and Medicare. Here’s a recap of these actions for … Continued

Agencies Issue Proposed Rules and Plans | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

November 20, 2017

By JRW

October was a busy month in the employee benefits world. President Trump announced a new Acting Secretary for the U.S. Department of Health and Human Services (HHS). Eric Hargan fills the position vacated by Tom Price, who resigned in late September 2017. The U.S. Department of Labor (DOL) issued a proposed rule to delay a … Continued

How to Make the Most Out of Your FSA at Year-End | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

November 13, 2017

By JRW

As 2017 comes to a close, it’s time to act on the money sitting in your Flexible Spending/Savings Account (FSA). Unlike a Health Savings Account or HSA, pre-taxed funds contributed to an FSA are lost at the end of the year if an employee doesn’t use them, and an employer doesn’t adopt a carryover policy. … Continued

Top ten catastrophic claims conditions | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

November 7, 2017

By JRW

The top ten catastrophic claims conditions represented 53% of all stop-loss claims reimbursements. Compared to last year’s study, conditions remained generally consistent and ranged from various cancers to congestive heart failure to infection. Cancer continued its dominance as the leading catastrophic claims condition, accounting for 26.6% of all the total stop-loss claims with $618 million … Continued

Top 7 Trends from 2017 UBA Health Plan Survey | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

November 6, 2017

By JRW

We recently unveiled the latest findings from our 2017 Health Plan Survey. With data on 20,099 health plans sponsored by 11,221 employers, the UBA survey is nearly three times larger than the next two of the nation’s largest health plan benchmarking surveys combined. Here are the top trends at a glance. Cost-shifting, plan changes, and … Continued

2017 Health Plan Survey Shows Sharp Rise in Group Healthcare Premiums | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

November 3, 2017

By JRW

I’m happy to report that this year’s UBA Health Plan survey achieved a milestone. For the first time, we surpassed 20,000 health plans entered—20,099 health plans to be exact, which were sponsored by 11,221 employers. What we were able to determine from all this data was that a tumultuous Presidential election likely encouraged many employers … Continued

IRS Releases Final Forms and Instructions for 2017 ACA Reporting | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

October 30, 2017

By JRW

Instructions for both the 1094-B and 1095-B and the 1094-C and 1095-C were released, as were the forms for 1094-B, 1095-B, 1094-C, and 1095-C. Reporting will be due early in 2018, based on coverage in 2017. For calendar year 2017, Forms 1094-C, 1095-C, 1094-B, and 1095-B must be filed by February 28, 2018, or April … Continued

It’s Open Enrollment Time! | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

October 23, 2017

By JRW

Fall. With it comes cooler temperatures’, falling leaves, warm seasonal scents like turkey and pumpkin pie, and Open Enrollment. It goes without saying; employees who understand the effectiveness of their benefits are much more pleased with those packages, happier with their employers, and more engaged in their work. So, as your company gears up for … Continued

President Trump Ends ACA Cost Sharing Reductions | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

October 20, 2017

By JRW

On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped. The Department of Health and Human Services (HHS) has confirmed that payments will be stopped immediately. While there is no direct impact to … Continued

October 2017 Executive Order on Healthcare | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

October 16, 2017

By JRW

On October 12, 2017, the White House released an Executive Order, signed by President Trump, titled “Promoting Healthcare Choice and Competition Across the United States.” It is important to note that the Executive Order (EO) does not implement any new laws or regulations, but instead directs various federal agencies to explore options relating to association … Continued

Author: JRW

Latest IRS ACA Round Up (Including 2018 Cost-of-Living Adjustments) | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

Agencies Issue Proposed Rules and Plans | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

How to Make the Most Out of Your FSA at Year-End | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

Top ten catastrophic claims conditions | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

Top 7 Trends from 2017 UBA Health Plan Survey | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

2017 Health Plan Survey Shows Sharp Rise in Group Healthcare Premiums | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

IRS Releases Final Forms and Instructions for 2017 ACA Reporting | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

It’s Open Enrollment Time! | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

President Trump Ends ACA Cost Sharing Reductions | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

October 2017 Executive Order on Healthcare | JRW Associates, Inc., a Raleigh Benefit Advisory Firm

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