“This strategy is particularly popular in the small-group market, where deductibles are high and employee claims experience isn’t factored into premiums. Groups that are healthier (either fewer total claims or high claims among only a handful of employees) can benefit from this approach.” William G. (Bill) Stuart Director of Strategy and Compliance May 24, 2018.. Read more
“And in perhaps the least visible effort to date, the administration is sifting through dozens of “innovation” proposals submitted late last fall designed to improve patient care, control costs and otherwise offer new approaches to delivering care.” By William G. (Bill) Stuart Director of Strategy and Compliance February 15, 2018 Health Savings Accounts have experienced.. Read more
“Ignore the label “penalty.” When you reposition the penalty in your mind as a “surcharge,” you open yourself to analysis that might show a benefit to delaying Part D enrollment because the financial benefits outweigh the financial risks.” William G. (Bill) Stuart Director of Strategy and Compliance November 21, 2017 Many people find HSAs confusing… Read more
“This flexibility is a strong argument in favor of using this approach when employees transition from traditional to HSA-qualified coverage. Employers and participants must be vigilant to ensure that they don’t make a mistake that negates an employee’s HSA eligibility for an entire 12 months.” William G. (Bill) Stuart Director of Strategy and Compliance October.. Read more
“There are three important ways employees benefit from participating in a Limited-Purpose Health FSA that employers should consider when reviewing whether to offer it: Additional tax savings, preservation of HSA funds and cash-flow advantages.” William G. (Bill) Stuart Director of Strategy and Compliance October 12, 2017 One of the more difficult concepts for benefits administrators.. Read more
“An employee enrolled in both the HSA-qualified medical plan and traditional Health FSA is not HSA-eligible. She can enroll in the medical plan, but she can’t open an HSA or make any HSA contributions before the end of the Health FSA plan year at the earliest. (If she has an already existing HSA with funds in it,.. 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
William G. (Bill) Stuart Director of Strategy and Compliance Oct. 13, 2016 Do you want to learn more about how Medicare impacts HSA eligibility or whether you can reimburse a domestic partner’s eligible expenses from your HSA? We’ve added a lot of new information to our website. You can access the HSA GPS Fact Sheet.. Read more
Have a question about HSAs that’s not answered below? We can help. You can view our new HSA FAQs here. Also, you can access Health Savings Account GPS, Benefit Strategies’ easy-to-understand explanation of HSA rules, here. By William G. (Bill) Stuart Director of Strategy and Compliance Sept. 15, 2016 As most readers know, individuals covered by.. Read more
By William G. (Bill) Stuart Director of Strategy and Compliance Aug. 18, 2016 HSA rules allow accountholders to move some funds from other tax-advantaged accounts into their HSAs. These rules give accountholders greater flexibility in managing their overall investment portfolio. They also reinforce the important notion that HSAs are an excellent savings and investment vehicle and.. Read more
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