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  • ACA Remains in Effect After Court Rules Law Unconstitutional

    ACA Remains in Effect After Court Rules Law Unconstitutional

    A federal district court in Texas has ruled the entirety of the Affordable Care Act (ACA) unconstitutional. However, the decision is expected to be swiftly appealed. In the meantime, pending further legal developments, the ACA remains in effect.

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  • Team Nash Insurance Receives National Recognition

    [Salt Lake City, Utah] – Team Nash Insurance has been recognized for their hard work and expertise in helping consumers enroll in and manage qualified health coverage through the Health Insurance Marketplace.

    This nationwide recognition from the Centers for Medicare & Medicaid Services (CMS) as a member of the 2019 Marketplace Circle of Champions highlights Team Nash Insurance’s success in enrolling 20 or more consumers during this Open Enrollment Period.

    “Consumers turn to agents and brokers for trusted advice and guidance in selecting plans, enrolling in coverage, and managing their health insurance policies throughout the year,” said Randy Pate, Director of Center for Consumer Information & Insurance Oversight (CCIIO) operation within CMS, which oversees the Marketplace. “We thank [Agent/Broker Name]for their hard work and exceptional service in helping Americans get coverage.”

    The Marketplace Circle of Champions program recognizes the hard work, expertise and service of Marketplace-registered agents and brokers. Agents and brokers who assist 20 or more consumers qualify for the Marketplace Circle of Champions.

    Eligible consumers can enroll in Marketplace coverage during this year’s Open Enrollment Period, which runs November 1 – December 15, 2018. Consumers with questions about their coverage or who would like help enrolling, can contact Celia Nash  here: Link


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  • Retirement Plan Contribution Limits Increased for 2019

    401(k) Contribution Limit Increased to $19,000

    The IRS has announced that the amounts employees can contribute to 401(k)s and IRAs will increase in 2019. In particular:

    • The employee contribution limit for 401(k) plans will be $19,000, up from $18,500 in 2018. The catch-up contribution limit for employees aged 50 and over remains unchanged at $6,000.
    • The employee contribution limit for IRAs will be $6,000, up from $5,500 in 2018. The catch-up contribution limit for employees aged 50 and over remains unchanged at $1,000.
    • The employee contribution limit for SIMPLE IRAs and SIMPLE 401(k) plans will be $13,000, up from $12,500 in 2018. The catch-up contribution limit for employees aged 50 and over remains unchanged at $3,000.

    Click here for more information.

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  • Administration Proposes Allowing All Employers to Offer HRAs to Reimburse Individual Health Insurance Policy Premiums

    If Finalized, Proposal Would Become Effective for 2020 Plan Year

    A new proposed rule would permit all employers to offer health reimbursement arrangements (HRAs) to reimburse employees’ individual health insurance policy premiums if certain conditions are met. Currently, many employers are prohibited from offering such HRAs. If finalized, the proposal would be effective for plan years beginning on or after January 1, 2020.

    In general, the proposal would permit HRAs to reimburse premiums for individual health insurance policies only if:

    • All individuals covered by the HRA verified that they are, or will be, enrolled in individual health insurance coverage;
    • No class of employees is offered a choice between a traditional group health plan and the HRA;
    • The HRA is offered on the same terms to all employees within a class;
    • Participants can opt out of the HRA annually; and
    • Employers provide eligible participants with a written notice describing certain features of the HRA.

    Click here for more information on the proposal.

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  • Earnings Subject to Social Security Tax to Increase in 2019

    Taxable Earnings to Increase to $132,900

    The Social Security Administration has announced that, effective January 1, 2019, the maximum amount of earnings subject to the Social Security tax will increase to $132,900, up from $128,400 in 2018. As a reminder, both employers and employees pay a 6.2% Social Security tax on an employee’s earnings, up to the maximum amount of earnings subject to the tax each year.

    Click here for more information.

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  • Updated Consumer Report Notice Required Sept. 21

    Notice Available for Download

    Beginning September 21, 2018, an updated Summary of Consumer Rights notice must be provided when required under the federal Fair Credit Reporting Act (FCRA). As a reminder, the FCRA requires employers to provide an applicant or employee with this notice before rejecting a job application, terminating an employee, or taking any other adverse employment action based on information in a consumer report.

    Click here to view more information and download the updated notice.

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  • Reminder: Medicare Part D Notices Due by October 15

    Notices Due to Medicare-Eligible Individuals

    Employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals are reminded that they must provide a Medicare Part D Creditable or Non-Creditable Coverage Notice to those individuals by October 15. This notice serves to inform Medicare-eligible individuals whether the prescription drug coverage offered is “creditable,” meaning it is expected to pay, on average, as much as the standard Medicare prescription drug coverage.

    For more information on this notice requirement, including links to downloadable model notices, click here.

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  • DOL Releases Updated Model Employer CHIP Notice

    Model Notice Informs Employees of Eligibility for Premium Assistance Under Medicaid or CHIP

    The U.S. Department of Labor (DOL) has updated its model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children’s Health Insurance Program (CHIP). This notice is generally updated twice a year. Click here to download the updated notice in PDF format.

    Annual Notice Requirement
    Employers that provide health insurance coverage in states with premium assistance through Medicaid or CHIP must provide employees with the employer CHIP notice annually before the start of each plan year. An employer can choose to provide the notice on its own or concurrent with the furnishing of:

    • Materials notifying the employee of health plan eligibility;
    • Materials provided to the employee in connection with an open season or election process conducted under the plan; or
    • The summary plan description (SPD).

    The updated model notice includes information on how employees can contact their state for additional information and how to apply for premium assistance, with information current as of July 31, 2018.

    Our Benefits Notices by Company Size section features information on additional health plan notice requirements.

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  • Short-Term Health Insurance Soon Available For Up to 36 Months

    New Rule Loosens Current Restrictions

    Effective October 3, 2018, a new rule will allow individuals to purchase short-term, limited-duration health insurance coverage for a period of less than 12 months, and renew such coverage for up to 36 months. Under current law, the maximum coverage period for short-term, limited-duration health insurance is less than 3 months, and these policies cannot be renewed.

    Notably, short-term, limited-duration health insurance is:

    • Not required to comply with the Affordable Care Act’s ban on pre-existing condition exclusions and lifetime and annual dollar limits.
    • Not required to comply with the Affordable Care Act’s essential health benefits requirement, which requires individual health insurance policies to cover, among other things, hospitalizations, emergency services, and maternity care.
    • Not “minimum essential coverage,” meaning that policyholders may remain liable for an individual mandate penalty for any month in 2018.

    Click here to read the new rule. A fact sheet is also available.

    Check out our Health Care Reform section for more on the Affordable Care Act.

    To access your HR library, please visit

    Health Care Reform Updates provided by:

    Team Nash
    2005 E 2700 St, Suite 140, Salt Lake City, UT 84109

    Please Note: The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources which we believe to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose.

    The information provided herein is intended solely for the use of our clients and members. You may not display, reproduce, copy, modify, license, sell or disseminate in any manner any information included herein, without the express permission of the Publisher. Kindly read our Terms of Use and respect our Copyright.

    Copyright © 2018 HR 360, Inc., All rights reserved.

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  • Nash Insurance Voted One of the Best Insurance Agents in Park City

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