HRAs for Small Employers without Group Health Coverage

The 21st Century Cures Act, which was enacted on December 13th of this past year, includes provisions that permit small employers without group health coverage to reimburse employees for qualified health care expenses and individual health insurance premiums.  Small employers that want to provide tax favored reimbursements will be required to set up a “qualified … Continued

Fixed-Indemnity Benefits May be Taxable

By Shari Herrle, Director of Compliance A Chief Counsel Advice (CCA) memorandum issued by the IRS in January concludes that benefits provided under a Fixed Indemnity Plan may not be excluded from an employee’s gross income if premiums were pre-taxed through a Section 125 Cafeteria Plan or the premiums were paid by the employer.  Many … Continued

HHS Releases New Benefit Parameters

Health and Human Services (HHS) released its 2018 health benefit and payment parameters.  Employer plan sponsors planning for 2018 will want to take note of the new Annual Cost Sharing Limits for group health plan coverage: Health Plan Annual Cost-Sharing Limits: Limits 2017 2018 Individual Coverage $7,150 $7,350 Family Coverage $14,300 $14,700   We anticipate … Continued

DOL Announces Adjustments to Employee Benefit Plan Penalties

In January of this year the DOL issued its first annual adjustment of civil penalties for several benefit-related violations. The new penalties are effective for penalties assessed after January 13, 2017 for violations occurring after November 2, 2015.  We have included a chart below that summarizes the changes. If you have any questions regarding the … Continued

New Policy Brief – The House GOP Leadership ACA Repeal and Replace Plan

On February 16, 2017, House Speaker Paul Ryan presented a new Policy Brief that contains many of the key reform elements House Republicans believe are essential to repeal and replace the ACA and overhaul the Medicaid system.  The plan includes provisions to modernize Medicaid, utilize State Innovation Grants, enhance Health Savings Accounts (HSAs) and provide … Continued

Groundhogs and Assistance with Prescription Drug Coverage

Happy Groundhog Day! If you’re a Pennsylvania native, you probably know about the two most famous groundhogs. One predicts when spring is coming, and the other is the mascot for the Pennsylvania Lottery. What do the Lottery and a groundhog have to do with insurance? The entertaining and lighthearted commercials promote an organization that does … Continued

Retirement and COBRA

Recently retired or retiring soon? Choosing how to spend your funds and time can be an overwhelming part of retirement. Deciding what to do with your health insurance coverage can be a challenge, but we’re here to help. The following information is important to consider when planning retirement: Here at Henderson Brothers, we want to … Continued

Tenant Users Liability Policy Protection 2017

To download a specimen policy, please use this link: TULIP Specimen Policy Please note that the information contained in this document is designed to provide authoritative and accurate information, in regard to the subject matter covered. However, it is not provided as legal or tax advice and no representation is made as to the sufficiency … Continued

In Case You Missed It: Facebook Live Medicare Seminar

Last week, our Medicare Expert, Daniel Dennehy-Rodriguez, provided our Facebook audience with information about this year’s Medicare Open Enrollment. For those of you who are already on Medicare, or if you are preparing or assisting someone to enroll for Medicare, we encourage you to watch this video along with a copy of our presentation. If … Continued

Homeowners’ Insurance 101

A homeowners’ insurance policy insures your home and the items you keep in it. This video will help simplify and explain some important aspects of your homeowners’ policy, and why it is important for you to be aware of the limits and coverages found within it.