Health Savings Account (HSA)
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Will That Knee Replacement Cost an Arm and a Leg?
With more employees enrolling in high-deductible health plans, a nonprofit business group endeavors to pull back the curtain on health costs. In a statement, the Catalyst for Payment Reform pushes for not only more information but also better cost-calculating tools for consumers.
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Is Patient Health Taking a Hit Under High-Deductible Plans?
High-deductible health plans have been touted as a savvy behavioral tool to motivate enrollees to more closely scrutinize the price tag of imaging tests, brand-name drugs and more.
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Employers Play Key Role in Educating Workers on Health Plan Choices
'People who were confused about what was covered [outside of the deductible] were more likely to cut back on care,' one researcher says.
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Employers Can Do More to Help Workers Avoid Missteps When Choosing a Health Plan
A new study by the Pacific Business Group on Health reveals that most workers don't understand the terminology used by health plans and aren't able to accurately figure out which plan will offer them the most benefits at the least cost.
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Obama to Veto FSA, HSA Legislation
Under the measure headed for a vote this week on the House floor, employers could amend their FSAs to allow employees to withdraw as taxable cash up to $500 in unused balances remaining at the end of the plan year or at the end of an FSA grace period, if an employer has that feature.
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Health Savings Account Enrollment Surges 18 Percent
The key factor driving HSA growth is that premiums for high-deductible health insurance plans, which the law requires be linked to HSAs, tend to be lower than more traditional health plans, according to numerous surveys.
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Congressional Panel to Vote on Bill to Overturn Health Care Reform Law Provision
The bill, H.R. 5842, to be considered by the House Ways and Means Committee, would eliminate the OTC restrictions in the Patient Protection and Affordable Care Act of 2010.
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Health Savings Account Contribution Caps to Rise Slightly in 2013
Increases in the HSA limits are tied to changes in the cost of living.
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Health Savings Account Contribution Limit Expected to Rise in 2013: Analysis
The Internal Revenue Service is expected to publish the official HSA contribution limits in May.
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Fidelity: Enrollment in Health Savings Accounts Surges
Fidelity said April 11 that the number of health savings accounts it administered in 2011 jumped to 119,000, up 61 percent compared with 74,000 in 2010, its greatest annual increase.
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Mass Overhaul
With national health care reform looming, Workforce Management examines Massachusetts' reforms, which went into effect in 2006.
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Mercer: Group Health Care Costs Climb 6.1 Percent as Cost per Employee Tops $10K
Amid steadily rising costs, employers, especially larger organizations, continue to take action to try to hold down cost increases to more manageable levels, according to the Mercer survey.
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Health Plan Administrator Seeks to Exempt HRAs from Health Reform Law Research Fees
That fee—to be used to fund research on medical outcomes as part of the federal health care reform law—will be $1 per plan participant for the first plan year ending after Sept. 30, 2012, and $2 per participant in succeeding years.
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One-Third With HSAs Spend Most of Contributions for Reimbursements
Contributions to health savings accounts averaged $2,620 in 2010, including individual and employer contributions, down slightly from $2,647 in 2009.
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Bill Would Repeal FSA Cap Provision in Health Care Reform Law
The measure, introduced Feb. 10 by Sen. Kay Bailey Hutchison, R-Texas, would remove the provision, which, effective in 2013, places a $2,500 ceiling on FSA contributions.
