Obesity is now considered a disease! How does this affect companies?
The American Medical Association (AMA) has officially designated obesity as a disease. The AMA also stated that obesity is a “multi-metabolic and hormonal disease state” that leads to unfavorable outcomes like type 2 diabetes and cardiovascular disease. According to...
Medicare Notices Required for Prescription Drug Coverage
If your company health plan offers prescription drug coverage, you are required to provide an annual notice before October 15th of each year. This notice is to all Medicare eligible employees that the prescription drug coverage is “creditable”. This written notice is...
Employer Alert! Health Care Law (PPACA) Postponed Until January 2015!
President Obama announced a one-year delay (January 1, 2015), in the Patient Protection and Affordable Care Act (PPACA) employer mandate. Employers with 50 or more full-time equivalent employees (employees who work 30 or more hours per week) must provide health care coverage or pay steep penalties.
2014 IRS HSA Contribution and Out-of Pocket Limits
The Internal Revenue Service (IRS) announced higher limits for 2014 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them. A comparison of the 2014 and 2013 limits is shown below:...
