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Watch Roscoe on the Wealth Channel

Listen to Roscoe in an emotional Video for the Wealth Channel where he discusses the moral issues surrounding Persistent Vegetative States. Roscoe Douglas CLU, RHU, is a Partner with UnionServices.com and Presdent of First Benefits, inc.

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Insurance News

  • 2019 HSA contribution limits

    A health savings account (HSA) is a tax-advantaged savings account an individual or family establishes to pay for qualified medical expenses. HSAs must pair with a qualified high-deductible health plan (HDHP) and they have an annual contribution limit. The IRS adjusts both the guidelines for HDHPs and the contribution limit every year.

    In this post, we’ll outline the HSA contribution limits and HDHP guidelines for 2019.

  • The 4 best health insurance options for solo pastors

    Having a solo pastor means a lot of responsibilities that are usually shared among multiple pastors fall to just one person. With the amount of responsibility placed on a solo pastor, it’s not uncommon to see exhaustion and burnout.

    Compensation for this important role usually falls to the congregation or a committee, but cost often prevents decision makers from offering health insurance coverage to their pastors as part of that compensation.

    While offering health benefits can be costly, it helps your pastor stay healthy and focused on ministering for the long term.

    If you’re looking for a way to take care of your pastor’s health care expenses, you have a few options. In this post, we’ll go over four of the most effective ways churches have secured a health benefit for their solo pastor.

  • How does the QSEHRA work with Medicare?

    The qualified small employer health reimbursement arrangement (QSEHRA) is a popular health benefits solution for small businesses. Not only does the QSEHRA allow small businesses to set their own budgets, but it supports employee choice as well.

    With a monthly allowance of tax-free money, employees are free to receive reimbursement for a wide variety of health care expenses, including premiums for the insurance policy of their choice.

    Most employees will seek coverage through the individual insurance market or through a spouse’s company-sponsored policy. Some employees have different sources of coverage, though, including Medicare.

    In this post, we’ll clarify how the QSEHRA works for employees who have Medicare in any form.

  • House passes two bills expanding personalized health benefits

    The personalized health benefits category is poised for even greater growth as Congress considers two bills aimed at expanding certain benefits.

    The House of Representatives passed H.R. 6199 and H.R. 6311, and now the bills head to the Senate for consideration.

    The bills contain provisions that would expand how a person can contribute to and use a variety of personalized health benefits vehicles, including health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs).

    While the bills’ eventual passage is uncertain, their success so far is yet another move toward the personalization of health benefits—a decades-long shift leading to better benefits outcomes for small businesses and their employees.

    In this post, we’ll examine the bills and their provisions in the context of the personalized benefits movement. We’ll also share how you can get involved, and where we believe health benefits are headed in the future.

  • What are the W-2 requirements for a QSEHRA?

    When the 21st Century Cures Act introduced the qualified small employer health reimbursement arrangement (QSEHRA) in 2017, many small businesses raised questions about the new benefit’s taxation.

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