What is a Health Savings Account? Understanding the Purpose of an HSA
Open enrollment for your company is about to begin and you’re considering enrolling in a high-deductible health plan. Or you know that you will have health expenses in the future and you're looking for a way to pay for those costs without having to pay all at once. If you enroll in a high-deductible health plan and you have money to save for future health care expenses, opening a health savings account (HSA) allows you to save money on taxes and help pay for health costs when they come along. The National Association of Insurance Commissioners (NAIC) has information on how an HSA can benefit you.
The Medicare Access and CHIP Reauthorization Act (MACRA) goes into effect January 1, 2020. This means newly eligible enrollees cannot buy Plans C, F or F High Deductible after January 1, 2020. Plans D, G, and G High Deductible replace Plans C, F and F High deductible. All other Medigap plans remain unchanged.
Better navigate MACRA with the following resources:
Wildfires Destroyed Almost Nine Million US Acres in 2018
In 2018, wildfires destroyed 8.76 million acres of land in the United States, according to the National Interagency Fire Center. Wildfires are most common in the west where heat, drought and thunderstorms create favorable wildfire conditions. However, uncontrolled fires can and have occurred in most of the 50 states.
Dean Cameron, Director of the Idaho Department of Insurance and Commissioner Andrew Mais, commissioner of the Connecticut insurance department represented state insurance commissioners at in the ASSAL Regional Seminar in San Jose, Costa Rica. This regional seminar is organized in association with the International Association of Insurance Supervisors, and had over 100 participants from regulators and the private sector in the Latin American region.
Chlora Lindley-Myers, Director of the Missouri Department of Commerce and Insurance, testified today on behalf of the NAIC at a joint hearing of the House Financial Services Committee’s Subcommittee on Housing, Community Development and Insurance and the Subcommittee on National Security, International Development and Monetary Policy, at a hearing entitled “Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (TRIP)."