Health Reimbursement Account

Gentry Lynn Named Sterling Regional Director, Offering Client-Centric Benefits Administration

Retrieved on: 
Wednesday, April 3, 2019
Professional services, Insurance, Employee compensation in the United States, Healthcare in the United States, Corporate taxation in the United States, Health Reimbursement Account, Sterling, Illinois, Employee Retirement Income Security Act, Sterling, Famous Stars and Straps, Business, United States, Articles

Sterling Administration , a leading administrator of HSA, HRA, FSA, POP, ERISA and COBRA, announced today that Gentry Lynn (formerly Pool) has been appointed Regional Director, leading business development efforts for the company.

Key Points: 
  • Sterling Administration , a leading administrator of HSA, HRA, FSA, POP, ERISA and COBRA, announced today that Gentry Lynn (formerly Pool) has been appointed Regional Director, leading business development efforts for the company.
  • View the full release here: https://www.businesswire.com/news/home/20190403005230/en/
    We are happy to welcome Gentry back to Sterling, said Cora Tellez, CEO of Sterling Administration.
  • Gentry has deep expertise in Sterlings products, including HSAs, HRAs and FSAs, having previously spent four years at the company.
  • Lynn previously served in a variety of roles at Sterling Administration, including as regional vice president of sales.

Small businesses increased average QSEHRA contributions in 2018: PeopleKeep Report

Retrieved on: 
Tuesday, April 2, 2019
Business, Articles, Economy, Entrepreneurship, Small business, Health Reimbursement Account, Employee benefits

SALT LAKE CITY, April 2, 2019 /PRNewswire/ --Small businesses increased their offerings through the qualified small employer health reimbursement arrangement (QSEHRA) in 2018 by allocating an average $297 a month to single employees and $445 to employees with a family.

Key Points: 
  • SALT LAKE CITY, April 2, 2019 /PRNewswire/ --Small businesses increased their offerings through the qualified small employer health reimbursement arrangement (QSEHRA) in 2018 by allocating an average $297 a month to single employees and $445 to employees with a family.
  • These are key findings from The QSEHRA: Annual Report 2019 from PeopleKeep, the leader in personalized benefits for small businesses.
  • They illustrate how QSEHRAs help small businesses balance budget control with their desire to provide value to employees.
  • Drawing on data from nearly 1,400 small businesses and 8,300 employees, The QSEHRA: Annual Report 2019 offers the industry's first look at how the QSEHRA was used in 2018.

TPAs Need More Flexible Solutions for Complex HRAs

Retrieved on: 
Thursday, March 14, 2019
Employee compensation in the United States, Healthcare in the United States, Health Reimbursement Account, Business, Tax, Flexible spending account, Health savings account, Economy of the United States

A new whitepaper from DataPath, Inc., a leading developer of cloud-based benefits administration solutions, analyzes why benefits administrators who manage HRAs need a solution that was designed to help them capture market growth and deliver quality service to their clients.

Key Points: 
  • A new whitepaper from DataPath, Inc., a leading developer of cloud-based benefits administration solutions, analyzes why benefits administrators who manage HRAs need a solution that was designed to help them capture market growth and deliver quality service to their clients.
  • The whitepaper, "How TPAs Can Capitalize on the HRA Market with a Solution that Puts Them in Charge" examines the relationship between TPAs and their solutions provider specifically as it relates to creating and administering complex HRAs.
  • For many TPAs, they must rely on their solutions provider to approve and develop plan types through an enhancement request process.
  • DataPath creates cloud-based solutions for the administration of Flexible Spending Accounts, Health Reimbursement Arrangements, Health Savings Accounts, COBRA, and other employer-sponsored benefits.

Wellsource Promotes Optimal Population Health with Ongoing NCQA Certification of its HRA and Wellness Tools

Retrieved on: 
Monday, February 11, 2019
Health, Articles, Health promotion, Health risk, Health risk assessment, Margaret E. O'Kane, Health Reimbursement Account, Vielife, Healthcare Effectiveness Data and Information Set

To help organizations address this priority, Wellsource , a premier provider of evidence-based Health Risk Assessments (HRA) and self-management tools, has maintained certifications from the National Committee for Quality Assurance (NCQA) for Health Appraisals and Self-Management Tools since NCQA released certification guidelines in 2008.

Key Points: 
  • To help organizations address this priority, Wellsource , a premier provider of evidence-based Health Risk Assessments (HRA) and self-management tools, has maintained certifications from the National Committee for Quality Assurance (NCQA) for Health Appraisals and Self-Management Tools since NCQA released certification guidelines in 2008.
  • Organizations unaffiliated with health care also benefit from choosing assessments and wellness tools that have achieved NCQA certification.
  • "I congratulate Wellsource for distinguishing itself by earning Wellness & Health Promotion Certification, which signals to employers that Wellsource is organized and ready to improve workforce health," explained Margaret E. O'Kane, President of NCQA.
  • Wellsource Inc. has been a premier provider of evidence-based health risk assessments (HRAs) and self-management tools for four decades.

HRA Administration Company, Clarity Benefit Solutions, Gives Strategies for Lowering Health Care Costs

Retrieved on: 
Monday, January 28, 2019
Healthcare in the United States, Health care prices in the United States, Health insurance, Employee compensation in the United States, Service industries, Health insurance in the United States, Health Reimbursement Account

NEW YORK, Jan. 28, 2019 /PRNewswire/ -- HRA administration company, Clarity Benefit Solutions, gives strategies for lowering health care costs.

Key Points: 
  • NEW YORK, Jan. 28, 2019 /PRNewswire/ -- HRA administration company, Clarity Benefit Solutions, gives strategies for lowering health care costs.
  • Employers who want to keep their employees happyand healthyshould be looking at ways they can lower these costs.
  • Here are some strategies employers can utilize to lower healthcare costs.
  • About Clarity Benefit Solutions: Clarity Benefit Solutions HRA company provides technology that makes the health insurance plan selection process fast, easy, and straightforward.

Physician Organizations Urge IRS to Stop Penalizing Patients Who Bypass Insurance Middlemen

Retrieved on: 
Tuesday, January 8, 2019
Health, Healthcare in the United States, Employee compensation in the United States, Primary care, Direct primary care, Health savings account, Health Reimbursement Account

However, "the proposal leaves unanswered important questions about the use of HRAs for Direct Primary Care (DPC) and similar fixed periodic-fee agreements between patients and physicians."

Key Points: 
  • However, "the proposal leaves unanswered important questions about the use of HRAs for Direct Primary Care (DPC) and similar fixed periodic-fee agreements between patients and physicians."
  • DPC is an increasingly popular model where patients cut out the insurance middlemen and pay a low monthly subscription fee (often between $40 and $100) to their doctor.
  • Current IRS guidance is improperly blocking patient use of HRA and Health Savings Account (HSA) funds for these innovative arrangements.
  • Patients are even prohibited from contributing to their HSA if they pay a monthly fee to a DPC practice.

Proposed HRA Rule from Trump Administration Would Roll Back Some ACA Regulations

Retrieved on: 
Wednesday, November 14, 2018
Employee compensation in the United States, Healthcare in the United States, Corporate taxation in the United States, Health Reimbursement Account, Economy of the United States, Presidency of Donald Trump, Business, Donald Trump, Keisling, United States

The proposed rule seeks to prevent this by placing restrictions on how employers decide who receives an HRA versus traditional group insurance.

Key Points: 
  • The proposed rule seeks to prevent this by placing restrictions on how employers decide who receives an HRA versus traditional group insurance.
  • For more information, visit http://www.cowdenassociates.com
    1.Morse, Susan, "Trump administration to expand use of HRAs to individual marketplace," Healthcare Finance News, October 24, 2018.
  • 2.Keisling, Jonathan, "Sizing Up The Proposed HRA Rule," American Action Forum, October 25, 2018.
  • 3.Beaton, Thomas, "Proposed Rule Alters HRAs to Allow Direct Reimbursement to Employees," Healthpayer Intelligence, October 24, 2018.

New Federal Rules on HRAs and ACA State Innovation Waivers Will Benefit Consumers and Small Employers, Says eHealth CEO

Retrieved on: 
Tuesday, October 23, 2018
Health, Taxation in the United States, Corporate taxation in the United States, Employee compensation in the United States, Health Reimbursement Account, Healthcare in the United States, eHealth

"We expect the new rule on HRAs to encourage many small businesses to fund health care coverage for employees," Mr. Flanders continued.

Key Points: 
  • "We expect the new rule on HRAs to encourage many small businesses to fund health care coverage for employees," Mr. Flanders continued.
  • eHealth looks forward to helping our small and medium-sized business customers find the best solution for themselves and their employees."
  • "I also commend the expansion of state innovation waivers, which give states more freedom in the implementation of ACA rules so consumers may choose new and potentially more affordable coverage alternatives."
  • eHealth offers thousands of individual, family and small business health plans underwritten by many of the nation's leading health insurance companies.

WellCare Health Plans Set to Join S&P 500; HealthEquity to Join S&P MidCap 400; Laredo Petroleum to Join S&P SmallCap 600

Retrieved on: 
Tuesday, September 11, 2018
Employee compensation in the United States, Healthcare in the United States, Health, Economy, WellCare, Financial markets, HealthEquity, Global Industry Classification Standard, Flexible spending account, Managed care, Health Reimbursement Account

WellCare Health Plans provides managed care services for government-sponsored health care programs.

Key Points: 
  • WellCare Health Plans provides managed care services for government-sponsored health care programs.
  • HealthEquity provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators.
  • Headquartered in Draper, UT, the company will be added to the S&P MidCap 400 GICS Managed Health Care Sub-Industry index.
  • Headquartered in Tulsa, OK, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.

HRA Administration Company, Clarity Benefit Solutions, Shares Nine FAQs about HRA Plans

Retrieved on: 
Friday, August 31, 2018
Employee compensation in the United States, Healthcare in the United States, Economy, Finance, Money, Corporate taxation in the United States, Health Reimbursement Account, Types of insurance, Health insurance, Insurance, Flexible spending account

NEW YORK, Aug. 31, 2018 /PRNewswire/ -- HRA administration company , Clarity Benefit Solutions, shares nine FAQs about HRA plans.

Key Points: 
  • NEW YORK, Aug. 31, 2018 /PRNewswire/ -- HRA administration company , Clarity Benefit Solutions, shares nine FAQs about HRA plans.
  • A Health Reimbursement Account (HRA) in a pre-taxed, IRS -approved health benefit plan that reimburses employees for out-of-pocket medical expenses and individual health insurance premiums.
  • An HRA account is funded by the employer, typically first dollar medical coverage until the funds are exhausted or insurance coverage kicks in.
  • About Clarity Benefit Solutions: Clarity Benefit Solutions HRA Company provides technology that makes the health insurance plan selection process fast, easy, and straightforward.