Pioneers in 5 Star Service • Ronstadt Insurance • Tucson, AZ • 520-721-4848

Obamacare Open Enrollment Starts Today

Would you like to take a look at the 2018 Individual and Family health plans in Arizona?

Click here to get a quote. 

 

Remeber, the 2018 Open Enrollment period for 2018 ends December 15th.

If you have any questions, give us a call at (520) 721-4848.

 

IRS Issues New Guidance on Qualified Small Employer HRAs

On Oct. 31, 2017, the Internal Revenue Service (IRS) issued Notice 2017-67 to provide comprehensive guidance on a variety of topics regarding qualified small employer health reimbursement arrangements (QSEHRAs). Small employers that do not maintain group health plans may establish QSEHRAs for their employees, effective for plan years beginning on or after Jan. 1, 2017. Unlike other health accounts, QSEHRAs can be used to reimburse employees for their health insurance premiums.

Notice 2017-67 clarifies the technical rules for QSEHRAs, including the requirements that employees provide proof of minimum essential coverage (MEC) and that employers provide a written notice to eligible employees each year.

Small employers with QSEHRAs should confirm that their QSEHRAs comply with this new guidance. Notice 2017-62 applies to plan years beginning on or after Nov. 20, 2017. In addition, employers may need to provide their initial written notice by Feb. 19, 2018. If you would like more information on QSEHRSs, give us a call at (520) 721-4848.

 

President Trump Signs Executive Order

NewOrleansEmailHeader.jpg

Earlier today, President Trump signed an executive order in an attempt to improve access, increase choices and lower costs for healthcare.

What Is in the EO?
The EO directs the Secretary of Labor to consider proposing regulations or revising guidance to expand Association Health Plans. The intent of this directive is to allow employers in the same line of business anywhere in the country to join together to offer healthcare coverage to their employees. It could potentially allow employers to form AHPs through existing organizations, or create new ones for the express purpose of offering group insurance. This could lead to the sale of insurance across state lines through AHPs; however, more action will need to be taken by the Department of Labor before this option can be available, and NAHU has urged the Administration to work closely with state insurance commissioners across the country to ensure that the rules that are enacted to allow such plans are able to address concerns by state policymakers regarding AHPs crossing into the markets within their borders. (more…)

 

We’ve been nominated for a 2017 Copper Cactus Award !

Nominated for – Best Place to Work

 

2018 Health Savings Account Contribution Limits Announced

 

2018 HSA contribution limits:

  • $3,450 for self-only coverage (versus $3,400 in 2017) 
  • $6,900 for family coverage (versus $6,750 in 2017)
  • The annual “catch-up” contribution amount for individuals age 55 or older will remain $1,000.