Uncategorized – Page 7 – McKenzie Insurance Solutions, LLC

California Employers: Be Prepared for These New Workplace Laws

Updated anti-harassment policies and practices top the list for 2019 California lawmakers considered a number of workplace-related bills this session addressing sexual-harassment prevention, lactation accommodations, pay equity and more. Gov. Jerry Brown had until the end of September to sign or veto bills. Here’s what employers need to know about new laws that will takeContinue reading “California Employers: Be Prepared for These New Workplace Laws”

IRS Announces HSA Limits for 2019

The IRS recently announced that limits for the HSA contributions will increase in 2019. The HDHP (high deductible health plan) maximum out-of-pocket limits will also increase for 2019. Effective January 1, 2019, HSA Contribution Limits: Single Maximum: $3,500 Family Maximum: $7,000 HDHP Maximum: Single: $6,750 Family: $13,500

ACA Affordability Percentages Will Increase for 2019

The IRS recently issued an update to determine the affordability of an employers plan under the ACA (Affordable Care Act). These updates will be effective for the taxable years and plan years beginning January 1, 2019. As a result, some employers may have additional flexibility with the rasped tot their employee contributions for 2019 toContinue reading “ACA Affordability Percentages Will Increase for 2019”

Cigna to Buy Express Scripts in $67 Billion Deal

Health insurer Cigna Corp. announced today, March 8, 2018, that it would purchase Express Scripts Holding Co., a pharmacy benefits manager (PBM) for $67 billion in cash and stock, including $15 billion assumed for Express Scripts’ debt. This announcement is the latest in a trend of merging health care companies and follows the December 2017Continue reading “Cigna to Buy Express Scripts in $67 Billion Deal”

IRS reduces HSA family contribution limit retroactive to January 1, 2018

On Monday, March 5, the Internal Revenue Service (IRS) issued IRS Bulletin (2018-10), changing the Health Savings Account (HSA) 2018 family contribution limit to $6,850. The original 2018 limit had been set for $6,900 and is now reduced by $50. This change is retroactive to Jan. 1, 2018. The individual contribution limit did not change.Continue reading “IRS reduces HSA family contribution limit retroactive to January 1, 2018”