Health Accounts and Health Reform Impacts

As health insurance premiums continue to increase, combining High Deductible Health Plans (HDHP) with a Health Account (FSA, HSA, HRA) is an option that employers are choosing more often. Both businesses and individuals need to understand how these plans and accounts work and how they will be impacted by the recently enacted Health Reform.

Mohawk Valley Chamber members offering HSAs

Consumer Driven Health and COBRA Overview

CDH Comparison Grid

Healthcare Trends and Legislation: Where are We Now?

The healthcare legislation signed into effect this past March established a six month deadline for several portions of the legislation. September 23, 2010 marks that six month deadline. So, where are we now and what can we look forward to for 2011?

http://www.mvchamber.org/documents/230.pdf

Healthcare Legislation

This recently passed Healthcare and health insurance reform legislation, which includes mandates on individuals and employers as well as tax law changes, changes to Medicare, and government subsidies, will take effect over a number of years. While some provisions are effective in 2010, others changes are scheduled to roll out through 2014

Understanding the immediate impact on Business 2010

Important Note
Many changes outlined in the legislation require additional clarification, definition, and guidelines yet to be released by government agencies, primarily the Department of Health and Human Services (HHS). In addition, with the effective dates stretching over a multi-year period, it is safe to assume that there may be changes before they become effective.

Additional information and updates
Please refer back to this website and the Chamber newsletter for ongoing updates on this legislation.

Contact
If you have any questions, please contact Brenda L. Van Nest of Benefit Specialists of NY at (315) 724-3151 or bvannest@benefitspecialistsny.com.

Additional Resources
Kaiser Foundation www.kff.org
U.S. Chamber www.uschamber.com
National Association of Health Underwriters www.nahu.com