Dickerson Large Group Services, Aetna Updates, IRS HSA Index for 2023, Updates, News & More

DICKERSON WEEKLY NEWS

Dickerson Large Group Services

Do you have a lot of experience with Large Groups, or are you just getting started in the Large Group marketplace? Dickerson is here to help you succeed! We’ve got everything you need to quote, enroll, close, and service your Large Group clients!

Dickerson is a GA for many large group carriers. We have additional carriers we work with for Alternative funding!

Reach out to your Dickerson Account Executive if you currently need help with a large group or are thinking of working on one. For more information and a full list of our large group carriers, contact your Dickerson Account Executive!

Aetna Funding Advantage Updates

Aetna made some updates to their Aetna Funding Advantage underwriting guidelines.

  • Individual Medical Questionnaires – Current level funded incumbent cases no longer need IMQs to get a quote for clients currently on a non-Aetna level-funded plan with 5 or more enrolled employees.
  • Quoting Guidelines – Use the NEW consolidated quote cover sheet
  • Participation Guidelines – Now only 30% enrollment required
  • Producer Rewards! New business sold with effective dates of now through December 31, 2022, can qualify for Aetna’s producer reward program.
Total enrolled employees Credit per enrolled employee Additional Credit Per enrolled employee in an Aetna Whole Health or Sutter Health Aetna network plan
1 – 74 $50 $25
75 + $100 $50

Dickerson is a GA for this product!

Contact your Dickerson Sales Rep for more information!

IRS releases HSA index figures for 2023

The IRS released the new HSA index figures for 2023 and guidance on tax treatment of dependent care benefits.

HSA Index Figures for 2023 

2023 2022
Minimum deductible amounts for HDHP
Individual $1,500 $1,400
Family $3,000 $2,800
Maximum Contribution Levels
Individual $3,850 $3,650
Family $7,750 $7,300
Catch-Up Contributions (Age 55 and up) $1,000 $1,000
Maximums for HDHP out-of-pocket expenses (excluding premiums)
Individual $7,500 $7,050
Family $15,000 $14,100

Health Reimbursement Arrangements (HRAs)
For plans beginning in 2023, the maximum amount made available for the plan year in an HRA is $1,950.

Plan sponsors should update payroll and plan administration systems for the 2023 cost-of-living adjustments in communications such as open enrollment, plan documents and summary plan descriptions.

DICKERSON INDUSTRY NEWS

Reminder: PCORI Fees Due by July 31, 2022

Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2022 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI). Click here to read the Whitepaper.

A Promising Treatment For Memory Loss Could Be An HIV Drug

An HIV drug known as maraviroc may have another, unexpected, use. The medication appears to restore a type of memory that allows us to link an event, like a wedding, with the people we saw there. Click here to read the full story.