May 16, 2022
The IRS has released Revenue Procedure 2022-24 notifying Health Savings Account owners of the funding and deductible limits effective January 1, 2023. For many years a $50 increase in contribution limits...
Read MoreApril 19, 2021
Following is a timeline and link to forms to assist in administration of the COBRA notices that must be sent to comply with the American Rescue Plan Act (ARPA). DATES: March 11th, 2021: American...
Read MoreApril 16, 2021
Department of Labor (DOL) guidance has begun to be released regarding the COBRA Subsidies included in the American Rescue Plan Act. Despite the subsidies being effective April 1st, the DOL...
Read MoreMarch 17, 2021
On March 11, 2021 President Biden signed the American Rescue Plan Act. Included in the Act are substantial temporary changes to COBRA, the ability to extend employer-based coverage. Federal COBRA...
Read MoreJanuary 06, 2021
The Consolidated Appropriations (Budget) Act for 2021 signed by the President includes time limited changes in Flexible Spending Account (FSA) administration and participant utilization. These changes are not mandatory, but...
Read MoreJune 12, 2020
Health Insurance companies in New York State have filed their requested rate increase for 2021. Employers with fewer than 100 employees (Community Rated) will be receiving notices of the requested...
Read MoreMay 27, 2020
The Patient-Centered Outcomes Research Institute (PCORI) tax is a fee imposed by the Affordable Care Act (ACA) on issuers and plan sponsors of individual and group health plans. Health Reimbursement...
Read MoreNovember 04, 2019
On October 17th, 2019 Governor Cuomo signed legislation protecting patients from excessive emergency room charges relating to a patient receiving services from an out-of-network provider. The Legislation (S.3171/A.264B) improves the...
Read MoreOctober 07, 2019
On October 2nd, 2019 the New York State Department of Financial Services (DFS) released a statement reminding New Yorkers that limited duration health insurance plans cannot be legally sold in...
Read MoreOctober 07, 2019
New York State has added mandates applicable to Health Insurance plans starting in 2020. These changes affect out-of-pocket maximums, mental health benefits, substance abuse benefits and fertility services covered in...
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