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2012 HSA Tax Forms
With April's tax deadline fast approaching, you may be receiving questions from your employees on how
to report their HSAs. The descriptions below provide you with an additional resource to help you further
maximize your HSA benefits for you and your employees.
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2012 HSA Contribution Limit Increase!
-More
The IRS released the cost-of-living adjustments for Health Savings Account contribution limits for 2012.
| 2012 HSA Contribution Limits | |
| Individual | $3,100 |
| Family (including 2-person coverage) | $6,250 |
| Catch-Up (55 and older and not yet enrolled in Medicare) | $1,000 |
HSAs stand out as a popular option and enrollment has been steadily on the rise.
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Bond Named to the 2011 Rochester Top 100
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This year marks the fourth year that Bond Financial Network has been named to the Rochester Top 100, having made it previously in 2006, 2009, 2010. Bond would like to thank all clients for helping Bond to once again make the Rochester Top 100!
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Excellus FLRx partners with MedImpact
- How it Affects You
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FLRx, the pharmacy benefit manager division of Excellus BlueCross BlueShield, has partnered with MedImpact, one
of the nation's leading pharmacy benefit managers, for select services. All members in commercial plans with a
prescription drug benefit will be transitioned to MedImpact on January 1, 2012.
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Rolling Rates Now Available
-More
In the past, healthcare rates have changed on January 1 of each year, but with Rolling Rates,
healthcare rates will change annually, on your selected yearly date. This means you can lock in a
great low rate for a full year, putting more money in your pocket now!
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Healthcare Reform Provisions Repealed
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President Barack Obama has signed into law, legislation repealing a health
care reform law provision requiring employers to offer low-wage employees company-paid vouchers to buy coverage in state health insurance exchanges.
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Rolling Rates for 2011
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Excellus BlueCross BlueShield is now implementing rolling rates for HealthyBlue and SimplyBlue plans. Rolling rates are now available to eligible new groups and existing groups that make a qualified benefits change.
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HSA Tax Forms
-More
With April's tax deadline fast approaching, you may be receiving questions from your employees on how
to report their HSAs. The descriptions below provide you with an additional resource to help you further
maximize your HSA benefits for you and your employees.
View PDF
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Nondiscrimination Rules for PPACA
-More
The Patient Protection Affordable Care Act extends the IRS nondiscrimination requirements that previously applied only to self-insured group health plans to all fully-insured, nongrandfathered group health plans effective for plan years beginning on or after September 23, 2010.
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Over-the-Counter Medication
-More
Effective January 1, 2011, over-the-counter medication will no longer be considered an FSA/HSA/HRA medical eligible expense unless prescribed by a physician.
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Prior Approval
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To comply with the law, written notice of the proposed rate changes must be provided to all policyholders on or about the date that the insurer's community rate proposal is submitted to the Insurance Department.
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Bond Financial helps clients
with benefits plans
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The Rochester Top 100, which annually recognizes the fastest-growing privately held companies in the nine-county region, is sponsored by the Rochester Business Alliance and KPMG. Here is an interview with Bond Financial Network President Bryan Bond.
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Grandfathered Plan Status
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On June 14, 2010 the Federal Government issued interim
final rules that define when health plans could lose their "grandfathered" status under the recent
health care reform legislation.
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Excellus System Upgrade
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At Bond, we know the best-made decisions are educated ones; we take pride in keeping you
up-to-date on all our program additions to make your choices about healthcare easier and smarter.
In that spirit, we would like to announce a new program upgrade by Excellus.
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Health Savings Account
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At Bond, we know that some things have been left unclear
as to how the new law will affect your HSAs. We're happy to help you through this transition, so here
are answers to some questions you've been asking:
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Small Business Healthcare Tax Credit
-More
Bond is here to keep you informed on what affects your business the most. Changes to healthcare are abundant so here are some benefits you may not be aware of:
The small business healthcare tax credit, which takes effect this year, is designed to encourage small profit employers and non-profit, to offer health insurance coverage for the first time or to maintain coverage they already have.
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COBRA Facts
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In an effort to assist in answering client questions; below are a few basic FAQs reguarding current eligibility for the COBRA premium reduction.
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Children's Coverage
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Bond is here to help you understand how new healthcare laws will affect
your children’s coverage, so you can be confident your family is getting all
it deserves.
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Healthcare Reform
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March 23, 2010 President Obama signed the $940 billion Patient Protection
and Affordable Care Act of 2010 into law. The following is a summary of
the new law, and the Reconciliation Bill, as it affects the health care industry.
Please keep in mind this is not a comprehensive summary.
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HSA Tax Forms
-More
With April's tax deadline fast approaching, you may
be receiving questions from your employees on how to report their HSAs. Click on the following links to read more:
HSA Tax Forms
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New York State Law Changes
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The New York State Senate recently passed two new bills. One bill will extend COBRA benefits from 18 months to 36 months and the other will increase the dependent age to 29. Click on the following links to read more:
New York State Senate COBRA Law
New York State Senate Dep 29
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2010 HSA Contribution Limit Increase!
-More
The IRS released the cost-of-living adjustments for Health Savings Account contribution limits for 2010.
| 2010 HSA Contribution Limits | |
| Individual | $3,050 |
| Family (including 2-person coverage) | $6,150 |
| Catch-Up (55 and older) | $1,000 |
HSAs stand out as a popular option and enrollment has been steadily on the rise.
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Bond Teams Up With Workplace Vitality
-More
Bond Financial Network has teamed up with Workplace Vitality in an effort to improve the health and wellness of its clients. Workplace Vitality is a data-driven wellness entity that designs and executes custom programs for employers. Experienced clinical nurses provide onsite services including flu immunizations, health risk appraisals, fitness, nutrition, weight management and much more.
The partnership was formed to help Bond's clients save money on their ever-increase healthcare costs. To learn more about Workplace Vitality, click here.
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