Health Savings Accounts have been around since 2004 and, aside from a few tweaks along the way and an annual adjustment for inflation, are pretty much the same as they were when they were first introduced. That could soon be changing, though. Nearly every major proposal to repeal and replace the ACA—as well as several recently filed bills—include multiple suggestions to improve and expand HSAs.
Among other things, the 21st Century Cures Act legalizes “defined contribution” for individual plans through a qualified small employer health reimbursement arrangement for non-applicable large employers. Below is the language from that part of the legislation.
This is part two of a two-part “After ACA” webinar series. In this session, nicknamed “OPPORTUNITY,” we focus on the detailed effects by market segment, what the carriers are talking about behind the scenes, the “wish list” of agent organizations and industry insiders, and, most importantly, the opportunities that will emerge as the major provisions of the ACA are rolled back.
This is part two of a two-part “After ACA” webinar series. In this session, nicknamed “UNCERTAINTY,” we focus on the likely changes to the Affordable Care Act, the probable timing of those changes, the possible replacement plan, and what you should tell your clients.
Here’s a great overview of the major provisions that will likely be included in the ACA replacement plan. [Journal of the American Medical Association – JAMA]
If you thought the final nail had been driven into the defined contribution coffin, think again. A bill recently passed the House that could legalize defined contribution, and if it does it will have a huge impact on the small group market. In this session, Josh Hilgers discusses the bill and how your job will change if it does become law.
For years, insurance agents have debated whether employers could legally reimburse employees on a pre-tax basis for health insurance purchased in the individual market. A new bill would give this strategy the green light.
Heading into 2015, there were a couple pending decisions (the King v. Burwell Supreme Court case and the Save American Workers Act) that could lead to four very different outcomes for brokers and employers.