TaLk To Us

Blog

Categories

Archive

Student Loan Considerations for Plan Sponsors-Part Two

Wednesday, October  17,  2018

As a follow up to our first article on student loan debt, its impact on employers and the recent IRS Private Letter Ruling (PLR) regarding student loan repayments, we’ve attached a summary of items to consider when contemplating this type of arrangement.  As this ruling has just been released, we can expect additional items in … Continue reading

Innovative’s Executive Account Manager, Elizabeth Ferroni, attends Annual Employee Benefits Symposium

Thursday, August  30,  2018

Our Executive Account Manager, Elizabeth Ferroni, just came back today from attending the Annual ISCEBS Employee Benefits Symposium in Boston, MA. Now in its 37th year, the symposium brings together thousands of benefit professionals to learn, discuss and hear from industry experts and leaders. Elizabeth is excited to be back and share her experience and … Continue reading

June Compliance Recap

Wednesday, July  11,  2018

June was a relatively quiet month in the employee benefits world. The U.S. Department of Labor issued final regulations regarding association health plans. The U.S. Department of Justice filed a response in ongoing litigation regarding the constitutionality of the Patient Protection and Affordable Care Act. The Centers for Medicare and Medicaid Services released a form … Continue reading

Innovative Speaks at Leading Age NJ Annual Meeting & Expo

Monday, June  11,  2018

Last Wednesday, the Innovative team had the pleasure exhibiting and presenting at the Leading Age New Jersey Annual Meeting & Expo at Harrah’s Casino in Atlantic City, NJ. Innovative representatives, Dan Foley and Ryan Kastner, presented Bucking the Trend: Health Plan Cost Containment Strategies to an audience of aging services providers. Their presentation detailed a variety of strategies … Continue reading

Compliance Alert! – NJ Gov. Phil Murphy Signs Two New Healthcare Acts into Law

Monday, June  4,  2018

This past week, New Jersey Governor, Phil Murphy, signed two bills into law that will impact New Jersey residents. Employers who offer benefits in New Jersey and surrounding states should be mindful of these changes as they will affect employees who reside and/or receive medical treatment in New Jersey. Out-of-network Consumer Protection, Transparency, Cost Containment … Continue reading

Horizon BCBSNJ Changes Coverage for Brand Name Oral-Combined Contraceptives

Wednesday, May  23,  2018

Starting June 15, 2018, Horizon Blue Cross Blue Shield of New Jersey will be making changes to the way brand name oral-combined contraceptives are covered. Previously covered with a $0 copay, brand name oral-combined contraceptives will now be subject to co-payment or coinsurance that corresponds with the member’s pharmacy plan design. This change was brought … Continue reading

IRS Releases 2019 Calendar Year HSA Contribution Limits and HDHP Deductible Minimums and Out-of-Pocket Maximums

Thursday, May  17,  2018

The IRS has released the maximum contribution limits for Health Savings Accounts (HSAs) and High Deductible Health Plan (HDHP) minimum deductibles and out-of-pocket maximums for the 2019 Calendar Year.  For your convenience, we’ve provided a summary below. You can reference the official document here.   Health Savings Account contribution limit for individual coverage: $3,500 (increased $50) … Continue reading

New Jersey Paid Sick Leave Act Signed into Law

Tuesday, May  8,  2018

New Jersey has now become the tenth state to enact a statewide mandatory paid-sick-leave law. The New Jersey Paid Sick Leave Act was signed into law on May 2nd by Gov. Phil Murphy and will go into effect on Oct. 29, 2018. Once effective, it will require New Jersey employers of all sizes to provide … Continue reading

2018 Health Savings Account Contribution Limits Change Once Again

Friday, April  27,  2018

If you recall, after the passing of the tax reform bill, known formally as the Tax Cuts and Jobs Act, the IRS adjusted the amount for HSA family contributions from $6,900 to $6,850 due to a change in inflation calculations. After public outcry and consideration of the administrative and financial burdens this change would have … Continue reading

New Jersey Newborn Mandate Changes in 2018

Tuesday, April  17,  2018

In January 2018, the State of New Jersey updated the existing NJ Newborn Mandate that provides health coverage for all newborns from the moment of birth for the first 31 days to provide coverage from the moment of birth for the first 60 days. The newborn child of a subscriber or his/her spouse will be … Continue reading

QUESTIONS?

Fill out the form and we'll get back to
you as soon as possible.

Full Name*

Email Address*

Company Name

Phone Number

Message

Innovative Benefit Planning L.L.C.