On November 8, 2013, the IRS, U.S. Department of Labor and U.S. Department of Health and Human Services released final rules increasing parity between mental health/substance use disorder benefits and medical/surgical benefits in group and individual health plans. The Departments recently issued a FAQ about mental health parity implementation which helps to explain the rule.
What is the Mental Health Parity and Addiction Equity Act (MHPAEA) of 2008?… Continue reading
On November 22, 2013, the Obama administration announced that they are allowing individuals an extra eight days to sign up for health insurance coverage that will take effect January 1, 2014. The Centers for Medicare and Medicaid Services… Continue reading
The U.S. Department of Treasury and the IRS announced on October 31, 2013 that the “use it or lose it” rule for health flexible spending arrangements (FSAs) has been modified. Participants who have an FSA can now carry over up to $500 of their unused balances remaining at the end of a year. The departments stated that the rule was changed to make “FSAs more consumer friendly and provide… Continue reading