President Obama has signed into law the 21st Century Cures Act, which, among other things, allows small employers to offer new “qualified small employer health reimbursement arrangements” to reimburse employees for qualified medical expenses, including individual health insurance premiums, for years after December 31,…
Risk Q&A: Interpreters & Auxiliary Aids
Question: A prospective patient’s wife called to make an initial appointment for the patient. During the call, she stated that her husband needs a hearing interpreter. Do we have to make an appointment for this patient? Is the office required…
Health savings accounts: Is an HSA right for you?
Health savings accounts (HSAs) are like personal savings accounts, but the money in them is used to pay for health care expenses. You — not your employer or insurance company — own and control the money in your HSA. The…
Do Your Adult Children Need Their Own Health Plan?
The Affordable Care Act (ACA) requires plans and issuers that offer dependent coverage to make the coverage available until a child reaches the age of 26. Both married and unmarried children qualify for this coverage. This rule applies to all…
HSA Contribution Limits and Minimum Deductibles Announced for 2017
The Internal Revenue Service (IRS) has announced the 2017 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code. Annual Contribution Limitation For calendar year 2017, the annual limitation on deductions for an individual with self-only coverage…