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.
Employers often wonder if they can pay or reimburse employees for Medicare premiums if they waive coverage
under the employer-sponsored group health plan. This may drive down the overall cost to the employer, and
it may even be in the best interest of some Medicare-eligible participants; however, this type of action is
generally prohibited under various laws.
Each year employers must provide a written notice to Medicare-eligible employees who are covered
under their group health plan. The notice must include information about the creditable coverage status of the
prescription drug benefit. In other words, the notice tells employees if the prescription drug benefit on the
group health plan is at least as good as the standard Medicare Part D plan.
The Great Unwinding is the undoing of several health coverage requirements that were implemented by legislation, regulation, and executive order because of COVID-19. The following provisions are particularly noteworthy.
Recently, a bipartisan bill was introduced in the House of Representatives (House) that would change the eligibility requirements to make contributions to a Health Savings Account (HSA).
The CMS recently issued guidance on broker compensation for the sale of plans in the individual health insurance market. Here’s what you need to know.
Created by the Affordable Care Act, the goal of PCORI is to help patients and those who care for them make better-informed decisions about healthcare choices.
Everything you need to know about the new law permitting telemedicine coverage until December 2022, and what it means for your HSA eligibility.
Lifestyle Spending Accounts (LSAs) have become one of the hottest new employee benefit programs. Here’s what you need to know.
In case you missed it: new Medicare rules have been proposed. These rules will change how effective dates are assigned and give new special enrollment periods to individuals who meet exceptional conditions.
