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...
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...
Read MoreMarch 25, 2019
As health insurance rates continue to increase, having more than doubled over the past ten years, more employers are evaluating the option of purchasing a “Bronze” level plan. These are...
Read MoreAugust 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 MoreJuly 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...
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