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2024 Inflation-Adjustment Amounts AUI

On May 16, 2023, the IRS released the 2024 inflation-adjusted amounts for health savings accounts (HSAs) and high deductible health plans (HDHPs). Self-coverage only: $4,150 ($300 increase from 2023) Family coverage: $8,300 ($550 increase from 2023) Annual catch-up contribution maximum: $1,000 for HSA-eligible individuals age 55 or older

Actived: Just Now

URL: https://auiinfo.com/library/2024-inflation-adjustment-amounts-for-hsa/

Small Business Health Insurance in Ohio AUI Insurance

WebAt Akron, Ohio-based AUI, an independent, licensed, small business health insurance broker, our agents work for you. We advocate for your company, not insurance carriers, …

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Health Savings (HSA) vs. Health Reimbursement (HRA)

WebA Health Savings Account (HSA) is a type of personal savings account employees can set up to pay certain health care costs. An HSA allows employees to put …

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Reminder For Employees: Dependent Coverage Rules AUI

WebThis coverage requirement became effective for plan years beginning on or after Sept. 23, 2010. It applies to both married and unmarried children. A child’s eligibility …

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Compliance for Workplace Wellness Programs: ERISA, COBRA and …

WebA workplace wellness program may be subject to a number of different federal laws, depending on how the program is structured. An employer’s wellness …

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Association Health Plan (AHP)

WebAn AHP is a type of ERISA-covered group health plan sponsored by a group or association of employers (instead of a single employer) to provide health coverage to employees of …

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ACA Healthcare Options in Ohio

WebIn Ohio, the Affordable Care Act (ACA) provides several insurance options for individuals and families. The ACA created a health insurance marketplace where eligible …

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Individual & Business Health Insurance Solutions AUI

WebAn Insurance Partner You Can Trust. As licensed, independent health insurance brokers based in Akron Ohio, AUI helps small businesses find health insurance and benefit …

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ACA Health Insurance Providers Fee Increase AUI

WebThe Affordable Care Act (ACA) imposes an annual, non-deductible fee on the health insurance sector, allocated across the industry according to market share. On …

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ICHRA Plans & Small Businesses AUI

Web1. Employers set max allowances. This amount is the most the business will pay out through the arrangement. 2. Employees spend money on healthcare. This …

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What Does the Market Stabilization Rule Mean to You AUI

WebOverview of the Proposed Rule. The market stabilization proposed rule for 2018 includes new reforms that are aimed at stabilizing the individual and small group …

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The Pros & Cons of Faith-Based Health Insurance AUI

WebCommonly referred to as health-sharing ministries, faith-based health insurance plans are offered through religious-based, non-profit charity organizations. Members of these plans …

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HHS Extends Transition Policy for Non-ACA Compliant Health Plans

WebOn Jan. 19, 2021, the Department of Health and Human Services (HHS) extended an existing transition policy for certain health plans that do not comply with the Affordable …

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Ohio State Continuation of Health Insurance “Mini-COBRA”

WebThrough the mini-COBRA program small businesses with less than 20 employees working the previous calendar year now have options for continuation …

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Employers’ Deadline for Creditable Coverage Notices

WebCreditable coverage notices are typically related to health insurance plans. These notices must be sent to Medicare-eligible individuals by employers or health plan sponsors by …

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What Happens When My Healthcare Provider is Out of Network

WebThis can happen for several reasons. First, the provider might have decided to stop accepting your insurance provider. Or they are part of a healthcare system that failed to …

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Can You Create Your Own Group for Health Insurance

WebThese employers are not apart of the same group of businesses, but they team up to get the benefits. AUI works with many MEWA plans for Ohio small employer health insurance. …

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5 Things Your Health Insurance Agent Should Be Doing

WebThe mission of your insurance broker is simple: find the best possible plan available.Some brokers have strong relationships with select carriers, making alternative carriers …

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