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Susan Shepard

Susan Shepard

Susan is our Operations Manager, directing many of our administrative functions and enabling our client management team to spend more time directly with their customers. Susan received a Bachelor of Science degree in Industrial Design from Arizona State University. Susan joined Fall River in 2015.

She is a native of Pennsylvania, but has lived in Texas, Germany, Arizona and California. An avid crafter, Susan loves scrapbooking, card making, knitting and crocheting, bicycling, golfing and reading, in addition to spending time with her husband and three grown children.

The 2023 contribution limit for Healthcare Flexible Spending Accounts (FSAs) is increasing to $3,050, an increase of $200 from 2022. The maximum carryover amount that employers may implement also increases to $610 (20% of the contribution limit).

Employers that offer partially self-funded medical plans are subject to the Transitional Reinsurance fee established by the Patient Protection and Affordable Care Act (PPACA). 

This fee was imposed over a three year period, with 2016 being the third and final year. The fee in 2016 is $27 per average covered life (both employees and dependents) covered on the health plan in 2016.  

Partially self-funded plans need to take action soon by reporting their average number of covered lives for the first 9 months of 2016 to The Department of Health and Human Services (HHS) by the deadline of November 15th, 2016.

Monday, 09 May 2016 03:18

HSA Contribution Limits for 2017 Set

On April 29, 2016, the IRS provided inflation-adjusted HSA contribution limits for 2017, as well as the HDHP minimum deductible and maximum-out-of-pocket expenses associated with HSA's. Click here for the IRS publication.  
The contribution limits for HSA's in 2017 will increase by $50 for self-only coverage.  Family contributions to HSA's will remain unchanged, as will the minimum deductible and maximum-out-of-pocket expenses for the High Deductible Health Plans (HDHP).  All changes are based on cost-of-living adjustments determined by the IRS.
A comparison of the last several years is shown below:
Tuesday, 15 March 2016 12:00

Limits on OOP Maximums for 2017 announced

Limits on health plan out-of-pocket (OOP) maximums for 2017 have been announced by the Department of Health and Human Services.  Annual limits on OOP maximums are imposed by the Affordable Care Act (ACA) as the maximum amount an enrollee in a non-grandfathered health plan could be expected to pay for covered essential health benefits through cost-sharing (carriers can choose to establish lower limits for certain plans).  

The limits apply to both self-insured as well as large-group health plans.  The OOP maximum includes the yearly deductible and any cost-sharing obligations enrollees have, such as coinsurance, once the deductible is met.  The OOP maximum does not include premiums, billing amounts for out-of-network cost-sharing or spending for nonessential health benefits.  The limits below on OOP Maximums also do not apply to grandfathered or retiree-only plans.