ACA Update – SSN Carrier Notice & HSA/FSA Resources

 

1) As a quick note regarding the Affordable Care Act, if your social security number or that of a covered dependent are not on file with your insurance carrier, you will receive a notice from them (if you haven’t already) asking for those numbers.  These notices are mailed to individual members not the group, so please let your employees know.  These are required as part of the ACA for reporting purposes on the IRS Form 1095-B which carriers will complete for fully insured plans and send to plan members.

 

2) As many groups offer or are considering offering plans that are compatible with HSAs and FSAs, I thought the below resources might be of use to you and your employees.  The 1st two links send you to online stores for purchasing items using an HSA or FSA but also offer other resources and answer many basic questions.  The 3rd link allows you to search for HSA, FSA, or HRA eligible products and services and is thus probably the most useful on a day-to-day basis.

 

HSA Store
 
FSA Store
 
Eligible Products Search

As always, please let me know if you have any questions regarding the Affordable Care Act.

Elizabeth Ingram
Account Manager, Employee Benefits
Insurance Trust
Phone: 800-287-3379 x 312
info@insurancetrust.us