KBM The Leader in Employee Benefit Solutions

Health Insurance Tax Repeals

December 27, 2019

As the year comes to a close most of us are thinking about enjoying the Holidays, wrapping up 2019 and the decade of the 10’s, and planning for 2020. U.S....

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Surprise Bill Law Enhancement

November 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...

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DFS “Skinny” Plan Press Release

October 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...

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2020 NYS Health Plan Mandates

October 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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2020 Health Insurance Rates

September 06, 2019

Health insurance rates for the 1st quarter of 2020 are expected to be released in the coming weeks and most employers renew their medical and prescription benefit plans on January...

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HSA and Preventive Care

August 15, 2019

The IRS has loosened the rules on Health Savings Accounts (HSA) to allow greater distribution flexibility. Qualified High Deductible Health Plans (QHDHP) must apply all medical and prescription services towards the...

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ACA Employer Mandate: Affordability Limits

August 15, 2019

Employers with over fifty (50) full-time equivalent employees (FTE) are still required by the Affordable Care Act (ACA) to provide eligible employees ‘Affordable’ and ‘Qualified’ health insurance based on federal...

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2020 HDHP/HSA Limits

May 28, 2019

The IRS has released Revenue Procedure 2019-25 notifying Health Savings Account owners of the funding and deductible limits effective January 1, 2020. Annual HSA Contribution Limits Single – $3,550 ($50 increase...

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Workplace Wellness Programs: Do they Work?

April 17, 2019

The American Medical Association (AMA) released the results of a study conducted from January, 2015 through August, 2016 that evaluated 160 work sites and over 32,000 employees throughout the U.S....

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