Recent Articles
IRS Announces 2021 Health Savings Account Contribution Limits, Still Time To Make 2019 And 2020 HSA Contributions
The Internal Revenue Service announced new, higher contribution limits for health savings accounts for 2021 today. You’ll be allowed to contribute $3,600 for individual coverage for 2021, up from $3,550 for 2020, or $7,200 for family coverage, up from $7,100 for 2020....
Trump rejects Obamacare special enrollment period amid pandemic
The Trump administration has decided against reopening Obamacare enrollment to uninsured Americans during the coronavirus pandemic, defying calls from health insurers and Democrats to create a special sign-up window amid the health crisis. President Donald Trump and...
IRS Allows Health Plans to Cover More Treatments Before Deductible Is Met
The Treasury Department and IRS added treatments for a range of chronic conditions to the list of preventive-care benefits for which a high-deductible health plan (HDHP) can pay—even if a plan enrollee's health care spending hasn't surpassed the plan...
White House expands HRAs aimed at small businesses
The Trump administration is expanding options for employers to use special accounts to help workers buy their own health insurance, upgrade job-based coverage, or choose low-cost plans with limited benefits, officials said Thursday. The tax-free individual accounts...
Trump asks courts to erase Obamacare
(Bloomberg) — The Trump administration is hardening its legal position toward Obamacare, arguing now the entire law is unconstitutional in a shift that promises to bring the issue to the forefront of the 2020 election campaign. The position is a change for the Justice...
Amazon takes another step into health insurance space by accepting HSA and FSA accounts
A screenshot of Amazon's FSA/HSA storefront KEY POINTS Amazon will now accept consumers’ health savings and flexible savings accounts. That allows people to contribute a portion of their salary or wages, before taxes, to cover medical expenses that would...
2019 HSA Contribution Limits Released By The IRS
The IRS has announced 2019 HSA contribution limits as part of the release of Revenue Procedure 2018-30. The limits are: HSA 2018 2019 Self-only HSA contribution limit $3,450 $3,500 Family HSA contribution limit $6,900 $7,000 In 2019,...
Illinois to Impose a 180 day Limit on STM Plans in 2019!
Illinois lawmakers have taken steps to limit the maximum duration of short-term medical plans (STM plans) to 180 days. Earlier this year, Gov. Bruce Rauner vetoed a bill that would apply this limitation, but Illinois lawmakers had enough votes to override that veto....
Illinois Approves Medicaid Coverage for Mental Health Via Telehealth
Illinois Gov. Bruce Rauner has approved legislation mandating the state’s Medicaid program to reimburse behavioral and mental health providers for telehealth. The bill was one of five signed into law this week by Rauner, all designed to improve access to mental...
BCBSIL’s Parent Company Profits $1 Billion
The parent of Blue Cross & Blue Shield of Illinois, the state's largest insurer, made more than a billion dollars last year, rebounding after three years of Affordable Care Act-related duress. Health Care Service Corp.'s 2017 net income soared more than 10-fold,...