CVS Health Completes Acquisition of Aetna

Announced November 28, 2018, CVS Health, the nation’s premier health innovation company, has completed its acquisition of Aetna. This venture is speculated to have transformative impacts on the industry and the way consumers access health care. In an announcement released yesterday, Aetna revealed that the goal of the acquisition is …

PCORI Fee Amount Adjusted for 2018

Under the Affordable Care Act, certain health insurance carriers and health plan sponsors are required to pay fees based on the average number of lives covered by welfare benefits plans. These fees are commonly referred to as Patient-Centered Outcome Research Institute (PCORI) fees. The applicable fee was $2.39 for plan …

IRS Announces 2019 Contribution Limits

The IRS has announced the 2019 maximum contribution limits for Flexible Spending Accounts (FSA), Commuter Reimbursement Accounts (CRA), and Qualified Small Health Reimbursement Arrangements (QSEHRA). Please see the chart below which compares 2018 contribution limits to the adjusted contribution limits for 2019. For additional information regarding plan limit changes for …

UPMC Continues Its Expansion in Pennsylvania

The UPMC Health Plan and network, primarily utilized throughout Western and Central Pennsylvania, is continuing its rapid expansion into the Eastern region of the state. Effective January 1st, 2019, UPMC’s insurance product lines will now be available throughout the majority of Pennsylvania, with the exception of the 5 counties of …

Are You Effectively Using Your HSA?

Everybody uses their health savings account (HSA) a little differently, and that’s OK. In fact, flexibility is one of the many advantages of an HSA. However, there are a few things you should keep in mind to make sure that you’re utilizing your HSA as efficiently as possible.   Be Smart …

Medicare Part D Notices Are Due Before October 15, 2018

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible …

Have You Considered Biking to Work?

You might enjoy going on a long bike ride on a nice day, but you may not have the time after the workday ends. If that’s the case, consider fitting biking into your existing schedule. An estimated 50 million people live within 5 miles of their workplaces. If you are …

The Power of Voluntary Benefits

As health care costs continue to rise, so has the value of voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Many employers consider expanding their voluntary benefits to compensate for employees’ increasing health care costs. Employees benefit because …

University City Hospitality Coalition Sandwich Donation for the Homeless

Founded by a small group of students, clergy, and local residents in response to the death of Stanley Biddle, a local homeless man, the University City Hospitality Coalition came together in 1984 to “confront the bleak and tragic realities of homelessness in their own community.”  With over thirty years of service …

Popular Heart and HBP Drug Recalled Due to Carcinogen Concerns

The FDA has announced a voluntary recall of medications that contain valsartan, which is a popular drug used to treat heart failure and high blood pressure (HBP). The recall was issued after a possible carcinogen (a substance that could cause cancer) was found in the recalled medications. What exactly was …

New Jersey Out-of-Network Bill

On June 1, 2018, New Jersey Gov. Murphy passed the Out-of-Network Consumer Protection, Transparency, Cost Containment and Accountability Act (the “OON Act”). In general, the OON Act applies to emergency services and other care provided by out-of-network physicians in in-network settings (i.e. hospital-based physicians). It takes effect on September 1, …

Experts Urge Earlier Colon Cancer Screenings

The American Cancer Society recommends that adults undergo colorectal cancer screening starting at age 45, opposed to the long-observed threshold of age 50. The new guidelines were published in CA: A Cancer Journal for Clinicians. This shift affects nearly 22 million Americans who fall within the 45-to-49 age range. Like …

Draft Forms for 2018 ACA Reporting Released

The Internal Revenue Service (IRS) released draft 2018 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2018 draft Forms 1094-C and 1095-C were released July 11, 2018, and will be used by applicable large employers (ALEs) to report under Section 6056, as well as for combined …