Tag Archives: Doylestown

Read Our September 2016 Newsletter

Taking Responsibility for Your Retirement Fund Pokémon Go: Advice for Parents Green Tea–More Than Just A Drink? SUMMER SQUASH, ITALIAN STYLE

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Does Medicare Cover Long-term Care?

Many Americans are grossly underinsured against the risk of devastating long-term care costs. According to the 2016 annual Cost of Care Survey from Genworth, the average cost for a semi-private room in a long-term care skilled nursing facility is $82,125 … Continue reading

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Important ACA Reporting Requirements for Self-Insured Plan Sponsors

If you are a self-insured employer or other organization that provides minimum essential coverage (as defined in Internal Revenue Code Section 5000A(f) to any individual during the calendar year, you have some reporting responsibilities to the Internal Revenue Service. Furthermore, … Continue reading

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ACA’s Individual Mandate Penalty “Sharply Increases” In 2016.

National Journal  (11/6, Subscription Publication) reports that the ACA’s penalty for going without health coverage “sharply increases” in 2016 to “$695 per adult and $347.50 per child, or 2.5 percent of a household’s income—whichever is higher.” Whether it spurs people … Continue reading

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Understanding Medicare Part D Coverage and Enrollment Options

Understanding Medicare Part D Coverage and Enrollment Options There are two ways to get prescription drug coverage through Medicare. One way is with Part C coverage, which is available through a PPO or HMO plan. These plans offer the same … Continue reading

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IRS Announces 2016 Contribution Limits for HSAs

The Internal Revenue Service (IRS) has released the allowable contribution limits for health savings accounts (HSAs) for tax year 2016. The announcement also includes the new caps on out-of-pocket costs for high-deductible health plans. Taxpayers must be enrolled in a … Continue reading

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ACA Compliance Deadline, Penalties for Noncompliance, and Transitional Relief for Smaller Employers

The Affordable Care Act is the law of the land – and employers have a lot of work to do to ensure they are in compliance with the employer mandate and other aspects of the sweeping health insurance reform law. … Continue reading

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Special Enrollment Period for Individuals

The Centers for Medicare and Medicaid Services (CMS) announced a new Individual Health Insurance Marketplace Special Enrollment Opportunity beginning on March 15 through April 30. This Special Enrollment Opportunity is for individuals and families who did not have health coverage … Continue reading

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Between Jobs? What To Do About Health Insurance

These days it happens more and more. You’ve been downsized, underemployed, divorced from someone with access to group health insurance, or your employer has simply decided to discontinue a workplace plan. What now? Many times, the choice comes down to … Continue reading

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What to Know Before Enrolling in Medicare

  Medicare is the government-sponsored health coverage for people who are 65 years of age or older or those who are under 65 but are disabled. People whose spouses have worked at least 10 years in the United States or … Continue reading

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