House of Representatives Passes American Health Care Act

Capitol Hill; AHCA

Yesterday, the House of Representatives passed the American Health Care Act (AHCA) with a vote of 217-213. The bill now goes to the Senate for approval. In its current form, AHCA affects tax-advantaged health care accounts: Health Savings Accounts, Flexible Spending Accounts, and Health Reimbursement Arrangements. It also has tax implications for employers and people … More >>

AHCA: HSAs, FSAs, Cadillac Tax and More

AHCA Overview

On Monday, March 6, House Republicans published the American Health Care Act (AHCA), a proposal to repeal and replace multiple provisions in the Affordable Care Act (ACA). Among the parts that remain the same are that people with pre-existing conditions cannot be denied coverage and dependents under age 26 can stay on their parents’ healthcare … More >>

Testimonial: A Focus on Quality and Client Care Forges a Strong Partnership

CDH Account

Summary Diversified Administration, Inc., a third party administration firm, seeks to deliver top quality to its clients. They focus on helping employees to maximize take-home pay and businesses to increase tax savings, lower premiums, and generate increased employee loyalty. To accomplish this, Diversified Administration, Inc. partnered with DataPath to administer consumer directed healthcare (CDH) accounts … More >>

QSEHRA Frequently Asked Questions

QSEHRA FAQs

In December 2016, President Obama signed the 21st Century Cures Act into law. The Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Previously, the Affordable Care Act (ACA) prohibited businesses from offering … More >>

FSA vs HRA vs HSA – What are the Differences?

FSA vs HRA vs HSA

‘What are the differences between an FSA vs HRA vs HSA?’ is a common question for many people. Here’s a quick overview of the different accounts, how they’re similar and how they standalone. At the bottom of the post is an infographic with a visual representation of the comparisons. When it comes to consumer driven … More >>

Portability and 9 Other Important Things to Know About an HSA

HSA Portability and 9 Other Important Things to Know

For many people, it is open enrollment time for Health Savings Accounts (HSAs). Here are ten important things to know about the popular benefit account, including HSA portability: 1. HSA Portability and Ownership Unlike a Flexible Spending Account (FSA) or a Health Reimbursement Arrangement (HRA), both of which are owned by the employer, HSAs are … More >>

HRAs – A Look at the Pros and Cons

HRA

Health Reimbursement Arrangements, better known as HRAs, are an important piece of the consumer driven healthcare market. The employer-funded account is one arm of healthcare consumerism which enables individuals to take better control of their personal medical decisions. Here are the pros and cons of this benefit account. Pros for Employers Offering HRAs Cost Control … More >>

COBRA and State Continuation – Frequently Asked Questions

COBRA & State Continuation

The thought of losing your health insurance coverage can be terrifying. Here are some frequently asked questions (FAQs) and their answers regarding COBRA insurance and State Continuation health care coverage: What is COBRA insurance? COBRA is a federal law passed in 1985 that permits employees to retain health care coverage under their employer’s group plan … More >>

Retiree Billing – Finding the Right Solution

retiree

Retirement is a time for great celebration for most people. At the conclusion of a long and fruitful career, many people have plans to travel to places they’ve never seen, spend more time with their loved ones, enjoy their hobbies, and just take a deep breath after all those years in the workplace. When people … More >>

HSA Eligible Expenses

HSA Eligible Expenses

Since they were enacted in 2003, Health Savings Accounts (HSAs) have become an integral part of the consumer directed healthcare landscape for those with a high deductible health plan. As of August 2015, there were an estimated 14.5 million HSA accounts, meaning that a lot of people rely on their pretax set-aside funds to help reduce … More >>

HSA vs FSA – Breaking Down the Differences

FSA, HRA, HSA, COBRA, Insurance Payments

The alphabet soup of consumer directed healthcare (CDH) – FSAs, HRAs, HSAs, MERPs, MSAs – can make it a challenge to keep track of which accounts provide what benefits. Some are strictly employee- or employer-funded, while others may be funded by any party. Some accounts offer rollover; others do not. Knowing the differences is important … More >>