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August 2018 | Issue 14

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ACA Affordability Percentages Will Increase for 2019

 

These updated affordability percentages are effective for taxable years and plan years beginning Jan. 1, 2019. They represent a significant increase from the affordability contribution percentages for 2018. Learn More

 

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2019 HSA Limits Announced

 

The IRS recently announced that limits for health savings accounts (HSA) contributions will increase for 2019. The high deductible health plan (HDHP) maximum out-of-pocket limits will increase for 2019. The HSA contribution limits will increase effective Jan. 1, 2019, while the HDHP limits will increase effective for plan years beginning on or after Jan. 1, 2019. Learn More

 

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New Resources for Mental Health Parity Compliance

 

The Department of Labor (DOL) has provided new resources to promote compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA). The MHPAEA requires parity between mental health and substance use disorder (MH/SUD) benefits and medical and surgical benefits. Learn More

 

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Don't Forget About PCORI Fees

 

The ACA imposes a fee on health insurance issuers and plan sponsors of self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fee, called the Patient-Centered Outcomes Research Institute (PCORI) fee, is calculated based on the average number of lives covered under the policy or plan. Learn More

 

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Brady, Chapman, Holland & Associates, Inc.

victoria.kidwiler@bch-insurance.com | www.bch-insurance.com

10055 West Gulf Bank | Houston, TX 77040 | 713.688.1500

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