Paid Family Leave: 2019 Rate Release
September 06, 2018
The New York State Department of Financial Services has released the 2019 rate for Paid Family Leave. The original law stated that DFS would release the rate by September 1st...
Read MoreNYS Small Group and Individual Rate Approval
August 07, 2018
2019 Small Group and Individual rates have been approved by the NYS State Legislature. KBM’s advice – don’t get too excited. Let’s start with the ‘hype’ put out by NYS...
Read MoreDelay the HIT!
July 23, 2018
Efforts are underway to delay the Health Insurance Tax (HIT), imposed by the ACA, from affecting health insurance premiums in 2020 and beyond. Bipartisan legislation, S. 3063, by Senators Barrasso...
Read More2019 Health Savings Account Limits
June 29, 2018
The IRS has released Revenue Procedure 2018-30 notifying Health Savings Account (HSA) owners of the funding and deductible limits effective January 1, 2019. Annual HSA Contribution Limits: Single: $3,500...
Read MoreAmazon Clicks the “Buy Now” Button on PillPack
June 28, 2018
Amazon.com, Inc. is no longer just talking about shaking up the U.S. health care system. Their jumping in with both feet. The $1 billion purchase of online pharmacy PillPack makes...
Read MoreNYS 2019 Small Group Rate Requests
June 06, 2018
Health insurance carriers in New York State are required to file their rate requests with the Department of Financial Services (DFS) by June 1st each year. The filing serves as...
Read MoreUpdate: NYS Paid Family Leave
May 22, 2018
It’s been 5 months since the Paid Family Leave law went into effect; claims are being filed and questions are leading to further regulation. Below is a short list of...
Read MoreDRAMATIC IMPROVEMENTS IN MEDICAL CARE PROPOSED FOR INJURED WORKERS
April 19, 2018
The New York State Workers’ Compensation Board (WCB) issued a Press Release on April 17, 2018 proposing a new medical fee schedule and streamlined reporting designed to attract additional health...
Read MoreCyber Security Regulation
April 16, 2018
Every private and municipal entity in New York State should be asking themselves if they, or one of their partners, affiliates or service providers, are a regulated entity, or licensed...
Read MoreOpioid Crisis Addressed in 2018 N.Y.S. Budget
April 16, 2018
The on-going opioid epidemic continues to escalate both nationally and locally, and the 2018 New York State Budget took several steps to address the problem. Clearly, there is no simple...
Read More