January 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...
Read MoreSeptember 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...
Read MoreSeptember 04, 2019
The New York State Department of Financial Services (DFS) has released the 2020 premium rate for Paid Family Leave (PFL). The 2019 rate of .153% of gross wages will be...
Read MoreAugust 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...
Read MoreMarch 25, 2019
How much do you really spend on health care? Most of us think in terms of what our out-of-pocket costs are; deductibles, co-pays and premium contribution. Peterson-Kaiser created a unique...
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