Updated Model CHIP Notice

An updated model notice is now available for employers that provide group health coverage in states, such as New York, with premium assistance through Medicaid, or the Children’s Health Insurance Program (CHIP), to inform employees of potential opportunities for assistance in obtaining coverage. The updated model notice includes information on how employees can contact their… Continue reading Updated Model CHIP Notice

Embedded Out-of-Pocket Maximums

Recent guidance from the Department of Health and Human Services (HHS) and the Department of Labor (DOL) provides that, effective for plan years beginning on or after January 1, 2016, non-grandfathered health plans must use embedded out-of-pocket maximums. What is an embedded out-of-pocket maximum? HHS stated that the ACA’s annual out-of-pocket maximum (MOOP) for self-only… Continue reading Embedded Out-of-Pocket Maximums

2016 HSA Limits Announced

The 2016 HSA limits were recently announced: HSA contribution maximums remain the same for individuals, but increase for families: $3,350/$6,750 (was $3,350/$6,650) Catch-up contribution maximum remains $1,000 HDHP minimum deductibles remain $1,300/$2,600 Out-of-pocket limits increase to $6,550/$13,100 (was $6,450/$12,900)