“Today, the demographics of Health FSA and HSA owners are nearly identical – including family income. No longer is one account blue collar and one white collar.” William G. (Bill) Stuart Director of Strategy and Compliance June 22, 2017 I recently spent another day on Capitol Hill – my fifth trip this year to meet.. Read more
“These companies need to calculate the cost of not attracting potentially valuable candidates or losing employees who add the greatest value to the company. Those costs typically are measured in tens of thousands of dollars. The HRA vs. HSA decision should be made in this larger context.” William G. (Bill) Stuart Director of Strategy and.. Read more
“The tax savings associated with HSAs can make a meaningful impact on the lives or ordinary Americans. And those impacts simply aren’t reflected in surveys that document average account balances or annual growth in balances.” William G. (Bill) Stuart Director of Strategy and Compliance May 25, 2017 I recently received one of those coupons that.. Read more
“The ACA is collapsing. Congress must do something. ‘Repeal and replace’ the ACA isn’t a political option. The question is whether the Republicans can tinker at the edges of the ACA (as they’ve done with the AHCA) or a bipartisan coalition plays the role of grown-ups and crafts temporary or permanent reform so that markets.. Read more
Sen. Hatch, left, and Rep. Paulsen During the past three years, we’ve seen a dramatic change, as a growing number of plans impose coinsurance after the deductible. This change increases members’ potential financial responsibility to as much as $6,550 for self-only coverage and $13,100 for family coverage – figures far above the $3,400 (self-only) and.. Read more
Medicaid is on an unsustainable course, but Republicans were unwilling to accept the changes proposed under the AHCA. By William G. (Bill) Stuart Director of Strategy and Compliance March 30, 2017 The equivalent of a major shift in seismic plates occurred last Thursday and Friday in the nation’s capital as the Republican medical insurance and.. Read more
An employer isn’t going to continue a program that saves an employee between 22% and 38% in taxes if the employer has to pay a 40% excise tax on that money. For a family with a $2,600 Health FSA contribution, that means a tax increase of $600 to $900 annually. By William G. (Bill) Stuart.. Read more
By William G. (Bill) Stuart Director of Strategy and Compliance December 9, 2016 A business colleague recently called me to secure some information for his annual white paper on the reimbursement industry. He asked me questions about the future of Health FSAs, HRAs and HSAs. Here are the thoughts that I shared with him: Overall.. Read more
By William G. (Bill) Stuart Director of Strategy and Compliance Nov. 10, 2016 A dozen years ago, when HSAs were launched as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, a number of banks applied to become HSA trustees and custodians. Lured by the prospect of new assets under management, banks.. Read more
By William G. (Bill) Stuart Director of Strategy and Compliance October 27, 2016 It’s a trick question. There is no clear answer. It’s like asking, “What’s a better vehicle – a pick-up truck or a compact sedan?” The answer in both cases depends on your current and projected needs, your budget and your preferences. Defining.. Read more
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