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A New Normal? Omnibus Bill Extends High Deductible Health Plan Telehealth Safe Harbor

Proskauer's Employee Benefits & Executive Compensa

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. Generally, a participant must pay their HDHP’s deductible before the plan can cover medical services. Not only do the CAA 2023’s “SECURE 2.0”

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Congress Reopens Door For HSA With No-Deductible Telehealth, But With a Hole

Proskauer's Employee Benefits & Executive Compensa

Effective April 1, 2022, high-deductible health plans can once again offer first-dollar coverage for telehealth and other remote services without making participants ineligible for health savings account (“HSA”) contributions.

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2024 HSA contribution limits increase to $4,150, $8,300

WEX Inc.

2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2024. 2024 high-deductible health plan (HDHP) amounts and expense limits also increased. Be bold in support of your employees' retirement needs!

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4 HDHP trends you don't want to miss

WEX Inc.

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan.

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HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

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What happens to employee benefits plans when you elect COBRA?

WEX Inc.

And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. In this blog post, we outline some of the ways your ability to use your employee benefits changes when you elect COBRA. For legal or tax advice, you should consult your own counsel.

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

The HDHP effect The report found that health maintenance organizations and preferred provider organizations continue to dominate the landscape in group health benefits for SMBs. Gap plans can help by providing coverage when employees have not met their health care deductible.