Categories

2023 Health Savings Account (HSA) and High-Deductible Health Plan (HDHP) Limits Announced

The Internal Revenue Service (IRS) has announced the inflation-adjusted 2023 minimum deductibles, out-of-pocket maximums, and contribution limits for heath savings accounts (HSAs) and qualified high-deductible health plans (HDHPs). Self-only coverage refers to plans for one individual, while family coverage refers to plans for two or more individuals. The out-of-pocket maximum includes copayments, deductibles, and coinsurance… Read More

Categories

Important July 1 Transparency Deadline for Insurers and Group Health Plan Sponsors

A federal health insurance coverage price transparency rule takes effect on July 1, 2022, for all health insurance policies renewed between January 1, 2022, and July 1, 2022. For all other plans, the requirement will take effect upon renewal in 2022. The new rule applies to health insurance carriers and employers that offer group coverage… Read More

Categories

Princeton HR Provides Employer Groups with Customized Online Benefits and HR Management Platform

As your broker, we’re always looking for ways to save you time, improve communication, streamline your benefits and HR practices, and increase employee engagement. This is why in 2021, we transitioned our employer group clients onto our new online technology platform with Ease! With Ease, we can help with all of the above, and more! Does… Read More

Categories

2022 Medicare Part B Standard Premium, Deductible, and IRMAAs for Parts B and D

The Centers for Medicare and Medicaid (CMS) have announced the below for 2022: The standard Part B Premium is increasing by $21.60/month to $170.10 in 2022 (up from $148.50 in 2021) The Income Related Monthly Adjustment Amounts (IRMAAs) for Parts B and D are increasing as shown below, for those with incomes greater than $91k individual or $182k… Read More

Categories

THE “NO SURPRISES ACT”

Federal legislation to protect healthcare consumers against surprise “balance bills” will take effect for plan years beginning on or after January 1, 2022.  Called the “No Surprises Act,” the new law protects insured individuals from excessive medical bills if they go to an out-of-network emergency facility or are treated by an out-of-network provider practicing at… Read More

Categories

ThinkHR to become Mineral

ThinkHR, our trusted partner for delivering HR and compliance solutions to our group clients for over 5 years, is relaunching under a new name: Mineral.  Here are a few things you need to know: Everything about your ThinkHR platform and services will remain exactly the same – same name, features, services and login.  You’ll continue… Read More

Categories

PCORI Fee Due July 31, 2021

Important PCORI Deadline Information: Fees Due July 31, 2021 What is the PCORI Fee?  The Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to study clinical effectiveness and health outcomes. To finance the nonprofit institute’s work, a small annual fee is charged on health plans. Who pays PCORI Fees? Employers that self-insure… Read More

Categories

Members Health Plan files for Chapter 11 Bankruptcy

The Affiliated Physicians and Employers Master Trust (APEMT) dba Members Health Plan NJ (MHPNJ) filed Chapter 11 Bankruptcy on 5/24/2021 to provide the protections necessary to move forward with a continued rehabilitation or a wind down plan. The APEMT is working hard to preserve their presence in NJ and continues to seek outside funding and… Read More

Confused about HSAs, FSAs and HRAs? Which employers/employees are eligible? What expenses are reimbursable? What are the Medicare payor rules and
annual contribution limits? These answers and more are available in our 2022 chart: https://t.co/cIxbJ9Zb1m
UHC's whitepaper offers insights on the 5 most costly medical conditions driving healthcare costs for employers and 9 ways to help mitigate such costs + improve employee well-being: https://t.co/nX8n6dCTWM
Small and large group employers + their medical enrollees are poised to receive substantial rebates this fall under the Affordable Care Act's Medical Loss Ratio provision: https://t.co/bXfUyyyytZ
NJ's new “Expanded Access” initiative allows residents @ certain income levels who do not have health insurance available via an employer or other program such as Medicaid or Medicare, to enroll in free or low cost coverage thru: https://t.co/3KL5thwcza. https://t.co/mbwuxFg0sA
Great info for business owners: 10 of the biggest money leaks in your accounting system: https://t.co/d2R5Gu2s7n https://t.co/7Hz5ycWT1a princetonhrs photo
Clients: does your company need an updated employee handbook? Mineral can help! We give you their Smart Employee Handbook tool free: https://t.co/i6bbt7uo4y