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Wednesday, September 12, 2018

You just dropped your child off at college. You’ve purchased dorm supplies, linens and new clothes. You have organized a budget to cover tuition, room and board, and travel as well as for your student’s personal spending....

 

Monday, August 27, 2018

All of the political, legal and compliance issues aside, what are the potential risks and rewards of Association Health Plans (AHPs)? Trade associations, who should have an easy time meeting the requirements, will be able to make...

 

Monday, August 20, 2018

Almost immediately after the final rule changing the definition of “employer” under the Employee Retirement Income Security Act (ERISA) was adopted, allowing for the formation of Association Health Plans (AHPs), two states...

 

Wednesday, August 8, 2018

Association Health Plans (AHPs), as they are acrimoniously known, are in fashion again. After a nearly 10- year hiatus, mostly in response to changes in regulations by ACA (“Obamacare”), a major regulatory roadblock to...

 

Monday, July 23, 2018

Will the release of final Association Health Plan (AHP) rules provide relief for small employers struggling with rising medical premiums? On October 12, 2017, President Trump issued an executive order, “Promoting Healthcare...

 

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Tuesday, June 19, 2018

Did you know that if you are age 70 ½ or older, you are able to donate up to $100,000 tax free from your IRA to a qualifying charity each year? A little known provision in the tax law, made permanent in 2015, gives taxpayers a...

 

Wednesday, June 13, 2018

For those companies who meet the “three S’s” (See Part 1), Referenced Based Pricing (RBP) promises immediate hospital/facility claims savings. I see estimates from vendors of between 20% and 50%. Overall annualized...

 

Tuesday, June 12, 2018

As the insurance market continues to evolve and employers continue to seek ways to control medical insurance costs, the concept of referenced based pricing (RBP) is a newer technique being explored. For consultants working with...

 

Tuesday, May 22, 2018

As we approach the Memorial Day weekend, please take a moment to remember and honor the sacrifices of all the men and women who gave their lives for our country. From the staff at Tycor, enjoy the long holiday weekend!

 

Tuesday, May 15, 2018

On May 10, 2018, the IRS released Revenue Procedure 2018-30. What does this mean for you? If you are covered by a qualified High Deductible Health Plan (HDHP) and are eligible to make HSA contributions, In 2019, the contribution limits...

 

Monday, April 30, 2018

$6,900 Re-Established as 2018 HSA Contribution Limit for Certain Individuals The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family coverage...

 

Monday, April 23, 2018

With the implementation of the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015, the Centers for Medicare & Medicaid Services (CMS) is required to remove Social Security Numbers (SSNs) from all Medicare cards. CMS currently...

 

Tuesday, April 10, 2018

This time of year is very busy! As I write this, the Tycor retirement plan team is feverishly analyzing client data for hundreds of plans. It is one deadline after another….1099-Rs must go out, refunds of excess 401(k)...