Alert! All New Jersey Employers Hot Topics in Employment Law in 2018 New State imposed Regulations that could impact your business if you’re not prepared: New Jersey Equal Pay Act Signed Into Law July 1, 2018 New Jersey’s Paid Sick Leave Law effective October 29, 2018 The confluence betwe


We just received this very timely update notice from our OCA Benefits partner and wanted to be sure that you were made aware of the HSA reversion contribution for 2018. HSA FAMILY CONTRIBUTIONS – IRS PROVIDES RELIEF. Late last week the IRS released Revenue Procedure 2018-27 that allow

HSA Contribution Update 2018

On March 5, 2018, the IRS released Revenue Procedure 2018-18 in Internal Revenue Bulletin 2018-10. Included in this Procedure is a reduction to the maximum contribution limit for Health Savings Account (HSA) contributions for calendar year 2018. The new limit for those with family coverage

Does Our Health Insurance System Really Provide Choices?

With the ACA falling apart at the seams, how are the carriers watching out for Our Interests and improving Our Outcomes? The Wall Street Journal last week provided us with some insight regarding the big player’s interest in expanding their health care offerings and controlling their costs.

The Kirwan Companies, Ltd introduces the HSA-Transfer K

Health Care Affordability for Americans The Kirwan Companies, Ltd. and HSA Specialist of America have been in the Employee Benefits field for over 40 years and, among our other services, we have specialized in the promotion and education of HSA’s-Health Savings Accounts since their inceptio

Aetna to Withdraw from Small Employer Market in 2018

Due to mounting financial losses and an uncertain marketplace outlook, Aetna has made the decision to leave the Individual market in New Jersey.  As a result, New Jersey law requires a carrier to withdraw from the insured small employer market if it is withdrawing from the individual market.

Beware of Look-A-Like HSA Plans!

Some carriers are offering plans that appear to mimic HSA plans “BUT” their: Minimum Deductible’s or Maximum Out-of-Pocket Expenses exceed the HSA limits, which will then disqualify you from even having a Tax-Deductible HSA Account. On a more optimistic note, the American Health Care Ac


On Thursday, May 4, the Internal Revenue Service (IRS) released the 2018 inflation-adjusted amounts for Health Savings Accounts (HSAs). In addition to the chart below that compares the increases in Contribution Limits, there are two additional and very important pieces of this valued progra

Employee Benefits-Size Matters

Employee Benefits-Size Matters   Regardless of the size of your practice or business, the ever-increasing cost of your Group Health Plan(s) is typically the second or third largest item of your expenses, next to salaries or, in certain circumstances, malpractice insurance. But this is just t

Healthcare 2017 – Where Are We Now

As we hurtle further into the unknown arena of Healthcare, and an election with the nominees having diametric objectives, we are reminded that for all enterprises to function, hospitals and physicians alike, there must be a profit incentive, which always requires competition. The American Ent