IRS Announces 2012 Key Amounts for Health Savings Accounts

The Internal Revenue Service has announced changes to the 2012 key amounts for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs). HSA contribution limits and HDHP out-of-pocket maximums will increase, while the HDHP minimum required deductibles will remain the same as 2011. 2012 Key Amounts HSA Contribution Limit – Individual $3,100 HSA Contribution […]

Rep. Andrews Addresses the MLR

House Dem rips new insurance rule  Rep. Robert Andrews  (D-N.J.) spoke to the NAHU about the effects of the Medical Loss Ratio on Agents. With the Medical Loss Ratio in the new health care law 80%-85% of premium has to go to claims. That leaves just 20% for the insurance company to spend on administration. HHS chose to […]

Group Health Insurance and Participation

If you are a small business owner or a controller of a small group then you have had to deal with participation on the group health plan. The particapation issue commes up with groups that have high premiums. The high prmiums could be the result of many different things. This post is about how you […]

Employee Health Insurance Premium

If you are the controller or an owner of a small business there are  major decision you will have to make on an employee health insurance. The one that I will focus on here is age based vs composite premium calculations. These will impact your employees. Age base premium is exactly what they sound like. The premium is […]

Health Saving Account

In 2003 the Medicare Prescription Drug, Improvement, and Modernization Act went into place and created the Health Savings Account. The health saving account is a high deductible health insurance plan.  All medical claims go towards the deductible for the exception of wellness. All preventive and wellness procedures are covered at 100% with no cost to […]

Health Savings Account Enrollment Reaches Ten Million

New study show a large increase of Health Savings Account plans. These type of major medical plans are becoming popular because they create a reduction in premium. Consumers are starting to look at health insurance for major medical events and then small claims fall on to them. When the consumer now pays the first $2,500 […]