NYS 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 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 MoreU.S. Budget Bill: Impact on Health Insurance
January 25, 2018
On January 22nd, 2018 the President signed a continuing resolution to fund the federal government for 3 more weeks. While the main focus was on the Government reopening after a...
Read MoreAssociation Health Plans: New Proposed Rules
January 12, 2018
Last Thursday, the Department of Labor released a proposed rule on the expansion of association health plans in response to the Trump administrations executive order in October directing federal agencies...
Read MoreTax Legislation Impact on Health Insurance
December 21, 2017
The pending tax bill passed by both Houses of Congress will have a significant impact on the Affordable Care Act (ACA), with both what’s in the bill, and what’s not....
Read MoreACA Reporting: IRS Holiday Fine Letter
November 20, 2017
Since the 2015 tax year Applicable Large Employers (over 50 employees) have been required to report to the IRS on the health plan they’re offering their eligible employees. If it...
Read MoreFour Tips for Open Enrollment: Whether you have 5, 50 or 500 Employees
October 23, 2017
Open Enrollment is right around the corner for the majority of U.S. businesses, and employers and employees need to be prepared for changes in plan design, cost, and insurance carriers....
Read MoreHealth Care Executive Actions: The Basics
October 13, 2017
Yesterday, President Trump signed an Executive Order (EO) instructing a number of departments to consider easing certain health insurance rules related to small businesses, short-term health insurance policies and Health...
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