Category: Employee Benefits

Employee Benefits

HSA – Medicare Premiums

Many people ask if they can still have a Health Savings Account (HSA) after they turn 65 and enroll in Medicare
(or qualify for Medicare due to other reasons). The answer is yes; however, once someone is enrolled in
Medicare, they will no longer be able to make new contributions to their HSA.

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Employee Benefits

COBRA Disability Extension

When there is a qualifying event that results from termination of employment or a reduction in hours, COBRA
continuation coverage generally must be offered to qualified beneficiaries for a maximum duration of 18
months; however, this maximum duration of coverage can be extended by 11 months (for a total duration of
29 months) when there is a qualified disability extension.

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Employee Benefits

Happy Birthday HSAs!

Health Savings Accounts (HSAs) celebrated their 20th birthday last week. HSAs were signed into law on December 8, 2003 by then President George W. Bush. Here are some fun facts about HSAs!

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Employee Benefits

Marketplace: Important Dates

It’s hard to believe that another Health Insurance Marketplace (Marketplace) open enrollment period is quickly
approaching. Here are some important dates to remember.

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Employee Benefits

Employer Mandate: Calculating Affordable Offers of Coverage in 2024

The Employer Mandate guidelines state that coverage is affordable when an employee has to pay no more than 9.5% of their household income (inflation-adjusted to 8.39% for the 2024 plan year). There are three alternative methods that an employer can rely upon when determining if the coverage they offer is affordable.

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