Archive for November, 2013

Flexible Spending Accounts

Tuesday, November 26th, 2013

The Internal Revenue Service announced that the healthcare flexible spending accounts’ use-it-or-lose-it rule has been changed. The new rule has been changed to allow people to carry a maximum of $500 from one year to the next.

Premium Calculations

Sunday, November 24th, 2013

Starting 2014, insurers selling personal or small group plans must use
Community Rating. Insurers calculate the Community Rating and adjust
your cost based only on:

Your family size
Where you live
If you use tobacco
Your age

Obamacare Update

Thursday, November 21st, 2013

On November 14, 2013, the Department of Health and Human Services implemented a transitional relief policy. This allows non-grandfathered health insurance plans to remain in compliance with new Affordable Care Act (ACA) market reforms through October 1, 2014.