IRS Guidelines – Indexed for 2019
FICA Social Security Tax is 6.2% on income up to $132,900 up from $ 128,400 Medicare Tax unlimited 1.45% to Unlimited High Deductible Health Plans Minimum Annual Deductible (Individual/Family) $1,350 / $2,700 Maximum Out-of-Pocket Limit (Individual/Family) $6,750 / $13,500 Health Savings Accounts Individual / Family $3,500 / $7,000 Catch-up Contribution $1,000 ACA Plan Limits Out-of-Pocket Limits […]
Become a Mountain Man – A worthwhile New Years Resolution!
We can learn a lot from Mountain Men. Like taking the time to sharpen our saw. The saw is like business operations. If you don’t take time to sharpen your methods and skills it could dramatically affect your business. Don’t be so focused on current day activities they don’t take time to evaluate operations to […]
Why do hackers want your health care data?
Health care information has a much longer shelf-life than other targets like credit cards, which become useless once a consumer gets a new card. Medical and insurance information has value for years. Employers, if an employee is hacked that employee will be totally engaged restoring their accounts. Employee Benefit Advisors strongly recommends offering Credit/Identity Monitoring […]
Zocdoc: Find & Book Doctors
New to the area and don’t know anyone? Download the app and within 2 minutes find the perfect PCP, Specialist or Pediatrician. Zocdoc is the beginning of a new healthcare experience. Find doctors you love, read real reviews, book appointments instantly, and more with this award-winning app. Features • See neighborhood doctors in your insurance […]
Rx Management – CoPay Accumulator Programs
With Accumulator Programs the manufacturer’s payments no longer count toward a patient’s deductible or out-of-pocket maximum. Employers and health plans could potentially save big money because accumulators shift a majority of drug costs to patients and manufacturers. Normally, a manufacturer’s payments from a copay program count toward a patient’s deductible and annual out-of-pocket maximum. Once […]
“Cadillac Tax” and Health Insurance Industry Fee Delayed in Spending Bill
A major victory in the continuing resolution that is keeping the federal government funded. The package included an additional two-year delay of the Cadillac Tax on employer-sponsored health insurance plans until 2022 and a moratorium in 2019 of the Health Insurance Tax on all plans. Previously suspended for 2016 and 2017, the 2.3% excise tax […]
IRS will NOT accept 1040 without ACA Health Coverage Reporting
Employee Benefit Advisors recommends companies inform employees of the following. – The original announcement came out in October 2017, however EBA thought it would be a good reminder to post at this time. Reminder: The new tax law does not actually repeal the individual mandate. It eliminates the penalty (penalty is zero) starting in 2019, […]
IRS Guidelines – Indexed for 2018
FICA Social Security Tax is 6.2% on income up to $128,400 up from $ 127,200 Medicare Tax unlimited 1.45% to Unlimited High Deductible Health Plans Minimum Annual Deductible (Individual/Family) $1,350 / $2,700 Maximum Out-of-Pocket Limit (Individual/Family) $6,650 / $13,300 Health Savings Accounts Individual / Family $3,450 / $6,900 IRS announced change to $6,850 March 5, […]
Pharmacogenetics
Pharmacogenetics allows prescribers and pharmacists to understand how medications react differently in the body based on an individual’s metabolism. Best Practice PBMs are able to apply the results of a fast and easy-to-administer pharmacogenetics test to enhance member safety, improve treatment outcomes and prevent wasteful drug spending. The science of pharmacogenetics utilizes precision medicine, which […]
PBM – Looking for transparency?
Are you contracting with a large PBM because they offer great discount? You might want to rethink your strategy and look to smaller PBMs with complete transparency. Perhaps it’s time to consider a pharmacy benefits administrator that offers the following: A straight forward pricing model with no hidden revenue generators such as spread pricing. Look […]