“If you like your plan, you can keep it”

White House Extends Transition Policy for Canceled Health Plans Millions of Americans received notices in late 2013 informing them that their health insurance plans were being canceled because they did not comply with the ACA’s reforms. President Obama was criticized...

2014 401(k) Retirement and Pension Plan Limits

The new 2014 contribution limits and related limits for retirement plans have been released. Here is a Quick Summary: Defined Contribution Limit (employer & employee combined): $52,000 (formerly $51,000) 401(k) Salary deferral limit: $17,500 (unchanged) Maximum...

2013 401(k) and Pension Plan Limits

The new 2013 contribution limits and related limits for retirement plans were released today. Here is a Quick Summary: Annual addition limit: $51,000 (formerly $50,000) Salary deferral limit: $17,500 (formerly $17,000) Maximum compensation to be considered:...

Health Savings Account (HSA) Limits for 2013

The following health savings account (HSA) limits apply for calendar year beginning 2013: HDHP Minimum Deductible Amount Individual                                            $1,250 Family                                                   $2,500 HDHP Maximum...

Medco Merges with Express Scripts; United Healthcare Affected

Yesterday, the Pharmacy Benefit Manager Medco announced an agreement to merge with Express Scripts. At the same time, Medco indicated that it will not renew its contract to provide pharmacy benefits administration services to UnitedHealthcare customers. The UHC/Medco...