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The Hylant Blog

Hear from your Hylant risk management and insurance experts about news and trends that affect your business, industry, employees or personal property.

06.05.18

Continuing Business After a Catastrophe

Consider this scenario. Your business is located in a hurricane zone. A strong hurricane is approaching and is expected to make landfall on Monday. Do you expect your employees to secure your business over the weekend? Or will they …

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05.29.18

Barges Escape Down River. Did Revenue Escape with Them?

Last week, more than a dozen coal-filled barges broke loose on a western Pennsylvania river. The runaways hit and damaged bridges. Motorists and train traffic were delayed while events unfolded and afterwards, while bridge inspections were conducted. Two barges …

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05.22.18

Affordability Percentages Will Increase for 2019

On May 21, 2018, the Internal Revenue Service issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in …

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05.14.18

Hylant Asks the Tough Questions of Prescription Benefit Managers

Last week, “60 Minutes” ran a compelling piece on the problem with prescription drug prices and the many players involved in the web of pharma. The segment highlighted a common misconception about prescription benefit managers (PBM): They are always …

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05.11.18

IRS Announces HSA Limits for 2019

On May 10, 2018, the Internal Revenue Service released Revenue Procedure 2018-30 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2019. These limits include: The maximum HSA contribution limit. The …

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05.11.18

IRS Updates Employer Guide for 2018 Tax Changes to Fringe Benefits

The Internal Revenue Service recently released the 2018 version of Publication 15-B—Employer’s Tax Guide to Fringe Benefits, which contains information for employers on the tax treatment of fringe benefits. The 2018 version is significant because it incorporates the changes …

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05.10.18

New Resources for Mental Health Parity Compliance

The Department of Labor (DOL) has provided new resources to promote compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA). The MHPAEA requires parity between mental health and substance use disorder (MH/SUD) benefits and medical and surgical …

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05.09.18

Final Notice of Benefit and Payment Parameters for 2019

On April 9, 2018, the Department of Health and Human Services (HHS) released its final Notice of Benefit and Payment Parameters for 2019. This final rule describes benefit and payment parameters under the Affordable Care Act (ACA) that apply …

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05.08.18

IRS Allows Taxpayers With Family Coverage to Use $6,900 HSA Limit for 2018

Earlier this year, a tax law change for 2018 reduced the health savings account (HSA) contribution limit for individuals with family coverage in a high deductible health plan (HDHP) coverage from $6,900 to $6,850. After this change was announced, …

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