Justin Mares’ Post

This year we are celebrating 20 years of health savings accounts. Let’s take a look at the growing wave of HSA adoption, and current trends that are fueling that growth: https://lnkd.in/exdpU_Zm

Health Savings Accounts are a great savings vehicle for Americans, offering multiple saving perks. If you're a new account holder for 2024, knowing how HSAs differ from other reimbursement accounts will help you manage your healthcare expenses and maximize your savings. Here are three things to remember as an #HSA participant in the New Year. https://lnkd.in/gCdZBSVd #HealthSavingsAccount #employeebenefits #healthcare #retirementplanning

When can someone enroll in an ACA marketplace plan? The primary period is Open Enrollment, which is ongoing right now. Open Enrollment runs from November 1 - January 15 for enrollment in the upcoming calendar year plans. There are also Special Enrollment Periods that are triggered by certain events. These triggering events include a change in one's primary place of living, loss of qualifying health coverage, change in household size, changes in eligibility, and a few other misc. conditions. All have definitions and exceptions. However, right now while most employees are enrolling in company sponsored group health plans, the employees' dependents that can't afford the group coverage may qualify for and enroll in government subsidized ACA plans. Same is true for those not being offered a group plan option by their employer.

The IRS has raised the maximum amounts employees can funnel into their health savings accounts in 2025, as well as the minimum deductible and maximum out-of-pocket expenses for high-deductible health plans. Under IRS rules, HSAs, which help employees save for medical expenses, are only available to employees enrolled in qualified HDHPs. Here are the new limits. Make sure that you change your plan documents to reflect them. https://bit.ly/3XsozKp

Discover the latest HSA adoption trends in our industry insights! Learn how employees are leveraging HSA accounts to save for medical expenses. #HSA #HealthSavingsAccount #IndustryInsights

The IRS has raised the maximum amounts employees can funnel into their health savings accounts in 2025, as well as the minimum deductible and maximum out-of-pocket expenses for high-deductible health plans. Under IRS rules, HSAs, which help employees save for medical expenses, are only available to employees enrolled in qualified HDHPs. Here are the new limits. Make sure that you change your plan documents to reflect them. https://lnkd.in/g-Nt_rQU

The IRS has raised the maximum amounts employees can funnel into their health savings accounts in 2025, as well as the minimum deductible and maximum out-of-pocket expenses for high-deductible health plans. Under IRS rules, HSAs, which help employees save for medical expenses, are only available to employees enrolled in qualified HDHPs. Here are the new limits. Make sure that you change your plan documents to reflect them. https://lnkd.in/g-JpyTwz

The IRS has raised the maximum amounts employees can funnel into their health savings accounts in 2025, as well as the minimum deductible and maximum out-of-pocket expenses for high-deductible health plans. Under IRS rules, HSAs, which help employees save for medical expenses, are only available to employees enrolled in qualified HDHPs. Here are the new limits. Make sure that you change your plan documents to reflect them. https://lnkd.in/gx88QrXC

The IRS has raised the maximum amounts employees can funnel into their health savings accounts in 2025, as well as the minimum deductible and maximum out-of-pocket expenses for high-deductible health plans. Under IRS rules, HSAs, which help employees save for medical expenses, are only available to employees enrolled in qualified HDHPs. Here are the new limits. Make sure that you change your plan documents to reflect them. https://lnkd.in/gRfsf5_n

At least they're consistent...Despite the Neue name, Bright Health's Board continues to pay-for-failure - millions in cash bonuses, including $2 million to Bright's CEO, while also disclosing that it needs additional capital (presumably to fund more than next year's bonuses?) and is "actively engaged" to find it. I'm all in favor of pay-for-performance but I really wonder what "performance metrics" were achieved at "100% of target." This is a leadership that has overseen and orchestrated the destruction of billions in value, was found to have acted so improperly - at the expense of members- in Nebraska they revoked their license to operate, and still owes nearly $400 million to other health plans via the Federal Government. I'm sure they are searching hard to find the money they need. I can help out - call New Enterprise Associates (NEA) and CalSTRS since they're the only investors uninformed enough to continue funding this. NEA, NeueHealth's majority shareholder with over $1 billion invested, controls the Compensation Committee. So I guess they're happy with the performance, as ultimately they are awarding their investors' money. But Centers for Medicare & Medicaid Services needs to answer why they didn't seek out any protections against cash bonuses when they stretched federal law to allow for the interest-only repayment agreements. Since ultimately that money could have been used to partially repay the obligations - due March 2025 - that the Company now admits it does not have sufficient capital to make. It seems we finally know what Bright's leadership is best at - being paid-for-failure and needing capital after claiming to be fully funded.