The House of Representatives voted last Wednesday to repeal the “Cadillac tax” on high-cost employer health insurance. House lawmakers came together to repeal the provision that levies a tax on high-cost health insurance plans by a vote of 419 to 6. It will next be considered by the Senate. The tax was designed to...
The White House has reversed its ruling from earlier this year that would have amended the safe harbor regulations eliminating traditional rebates and requiring discounts be moved to the point-of-sale. The ruling was designed to decrease the overall cost of drugs and lower the out-of-pocket cost burden for Medicare and Medicaid recipients with the largest...
President Trump signed an executive order directing federal agencies to increase healthcare price and quality transparency. The order specifically directs the Departments of Labor, Treasury and Health and Human Services to issue guidance and propose regulations that would disclose negotiated rates, cost-of-care and de-identified federal healthcare data, and to expand the availability of Health Savings...
The Department of Labor, Health and Human Services, and Treasury released final regulations on June 13, 2019 that allows employers to offer a new “Individual Coverage HRA.” This new rule loosens restrictions on health reimbursement accounts. Beginning January 1, 2020, employers can offer individual coverage HRAs (ICHRAs) to provide tax-exempt dollars to their employees for...
United Benefit Advisors (UBA), the nation’s leading independent employee benefits advisory organization, has announced those chosen to receive the annual “UBBIE” Awards for 2018. The award honors Partner Firms, Principals, and Strategic Solution Alliances who have demonstrated unconditional engagement with the UBA community, the clients they serve, and the benefits insurance industry. “The United Benefit...