Health Care Alert | Alabama Bank News

Medicare Part D Notices Due Soon

Breaking, Health Care Alert, HR News, Publications

Employers that provide prescription drug coverage must annually provide a notice related to the credibility of said coverage to all employees, dependents, and COBRA beneficiaries – no later than the beginning of the annual Medicare open enrollment period of October 15th. Which Employers Must ...Read More

FMLA Tax Credit

Breaking, Health Care Alert, HR News, Publications

Last year’s tax bill, the Tax Cuts and Jobs Act, contained a provision for a tax credit for employers who offer paid FMLA time; subject to a number of conditions discussed by IRS below. This credit is essentially for 12½ percent of FMLA pay ...Read More

HRA COBRA Premiums

Breaking, Health Care Alert, HR News, Publications

Some employers sponsor a high-deductible health plan and concurrently a self-funded health reimbursement account (“HRA”) to which it contributes to reimburse certain amounts towards deductibles, co-pays, and other out-of-pocket expenses. An HRA is an employer-sponsored health plan and as such is subject to COBRA. ...Read More

The HR Director and HSA Eligibility

Breaking, Health Care Alert, HR News, Publications

This Alert concerns employers who currently offer – or are contemplating offering – a High Deductible Health Plan (HDHP). When such plan is in place, employees may qualify for a tax-advantaged Health Savings Account (HSA) that allows them to save for future medical expenses ...Read More

Cadillac Tax Delayed

Health Care Alert, HR News, Publications

You of course know that the brief government shutdown ended via a short-term continuing funding resolution. Included therein is a further postponement of the so-called “Cadillac Tax” on high-value health plans. This provision, which had bi-partisan support, postpones the tax from its already-delayed effective ...Read More

Executive Order Affects ACA Tenets

Health Care Alert, HR News

The president signed an executive order this morning that purports to open some additional options that are not subject to the basic ACA tenets. The order has not been published as yet, so we are going only on what information is available from the ...Read More

If it looks too good to be true…

Health Care Alert, HR News, Publications

You should know that there is a plethora of plans being pushed by promoters, all contending that their plans offer certain tax advantages and are PPACA compliant. Typically these programs tout having a legal opinion letter. Those legal opinion letters we have seen, however, ...Read More

Revised Senate Health Bill

Breaking, Health Care Alert, HR News, Publications

Unless you have been completely out of pocket the past few days, you are aware that Republican Senators have put forth a revised health reform bill. It is substantially similar to their original offering that we outlined in our Alert on June 22. Of ...Read More

American Healthcare Act Falls Short

Breaking, Health Care Alert, HR News

You know by now that the American Health Care Act (H.R. 1628) was withdrawn from consideration due to lack of support. Speaker Paul Ryan said, “Obamacare is the law of the land for the foreseeable future.” The president has decided not to pursue the ...Read More

New IRS Publication Released Regarding Health Savings Accounts

Breaking, Health Care Alert, HR News

For your information, IRS has issued its 2017 version of Publication 969, Health Savings Accounts and Other Tax-favored Health Plans. Pub 969 historically is viewed as the IRS “bible” on health savings accounts, flexible spending accounts, and health reimbursement accounts. The Pub can be ...Read More

Health Care Alert Archive