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...
Read More2020 Paid Family Leave Premium Release
September 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 MoreHSA 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...
Read MoreKaiser Health Cost Calculator
March 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 MoreThe Bronze Option: This is Health Insurance?
March 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 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 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...
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