“Large employers (51 or more employees) who want to transition employees from group to nongroup coverage are discouraged to find that the nongroup plan designs are far less attractive than what they can purchase as a large group.” William G. (Bill) Stuart Director of Strategy and Compliance April 2, 2020 Last summer, the Trump Administration.. Read more
“For a family with $5,000 of out-of-pocket expenses and a 25% to 34% marginal tax rate, the savings of between $1,250 and $1,700 may equal a mortgage payment of four or more car payments. That’s welcome money in these difficult times.” William G. (Bill) Stuart Director of Strategy and Compliance March 23, 2020 The COVID-19.. Read more
“Employers with a particular high-cost claims category among its employee population – perhaps behavioral health, substance abuse, lower-back ailments or repetitive-motion injuries – could work with their insurer to remove cost barriers for treatment without disqualifying employees from making or receiving Health Savings Account contributions.” William G. (Bill) Stuart Director of Strategy and Compliance March.. Read more
“It defies logic to argue that employee salary deferrals – compensation that employees choose to take in the form of tax-advantaged funds to reimburse their personal financial responsibility for care – fall within any logical definition of premium.” William G. (Bill) Stuart Director of Strategy and Compliance January 23, 2020 The budget deal to which.. Read more
“My favorite lobbyist is fond of comparing legislation to a train. With any legislative effort, he wonders: Where is the train going? How powerful is the engine? How many cars can it pull? In other words, it’s often not the merits of a piece of legislation, but rather how to attach it to a relevant.. Read more
“[These] tests are a qualified expense . . . only to the extent that the testing is for medical purposes . . . rather than learning whether you’re related to Leif Erickson or want to pull the “family-discount” card when ordering a bottle of Sam Adams.” William G. (Bill) Stuart Director of Strategy and Compliance.. Read more
“Retirees who already own an HSA can continue to contribute to their accounts, and those who have never had an opportunity to open an HSA can do so . . This means that 58 million retirees will feel less pressure from the financial vise. And leave them with more funds to receive the high-value care.. Read more
“Probably the best solution for the country would be . . . bipartisan legislation that loosens the federal grip on benefit design, increases choices, covers more Americans, gives states meaningful incentives to manage their Medicaid populations, and attacks the true drivers of medical costs.” William G. (Bill) Stuart Director of Strategy and Compliance Jan. 10,.. Read more
“What to do? US Sen. John Kerry came up with perfect answer: Preserve the employer exclusion and impose a 40% excise tax on the amount of the premium that exceeded a particular threshold set by the government. Impose the tax on insurers and position it as punishment to insurers . . . for offering high-cost.. Read more
“Democrats will point to statistics showing that most HSA owners don’t accumulate large balances because they don’t have sufficient discretionary income to contribute to the current statutory limits. . . But for many, an HSA is merely an alternative to a Health FSA. . . No one criticizes Health FSAs because participants don’t build balances.. Read more
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