Do you find yourself swamped with participant complaints and questions? Are employees’ accounts not accurate, leaving you with extra work to do? Do your phone calls and e-mails to your vendor go answered? If the company you’re using isn’t working with you the way it should, then it’s time for a change. Partnering with the… Continue reading 6 Reasons to Partner with P&A Group
Flexible Spending Accounts Health FSA For 2018, the dollar limitation on employee salary reduction contributions to a Health Flexible Spending Account will increase by $50 to $2,650 per plan year. Adoption Assistance FSA The maximum amount that may be excluded from an employee's gross income under an employer-provided adoption assistance program for the adoption of… Continue reading New Inflation-Adjusted Amounts Released for 2018
The next Patient Centered Outcomes Research Institute (PCORI) filing deadline is July 31, 2017 for all Health Reimbursement Arrangements (HRAs), Medical Expense Reimbursement Plans (MERPs) and self-funded medical plans with a plan year ending in 2016. View the schedule of fees and learn more about this excise tax. Created under the Affordable Care Act, part of… Continue reading PCORI Filing Fee Due July 31
A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d).
You’ve received the glossy brochures. You’ve heard the sales pitch, you’ve shook hands, and you’ve received promises of lower costs, increased efficiency and less “headaches.” Naturally, you decide to give a new vendor a chance – why not – and you sign up for a new service. It’s too good an opportunity to miss. Or,… Continue reading Flexible & Friendly, Expert & Empathetic – P&A Group’s Fresh Perspective on Employee Benefits
In 2010, the Affordable Care Act created a new entity known as PCORI, the Patient Centered Outcomes Research Institute. Part of the Institute's funding is through temporary fees imposed on group health plans, including Health Reimbursement Arrangements (HRAs) and Medical Expense Reimbursement Plans (MERPs). These fees, which must be paid by the plan sponsor,… Continue reading PCORI Fees Due by July 31