Wednesday, November 06, 2013

Good News, Bad News

We'll start with the Good: Folks participating in Flexible Spending Account programs, famous for their "use-it-or-lose-it" design, just got a break from the Feds:

"The Internal Revenue Service (IRS) has decided to let holders of health flexible spending arrangements (FSA) roll over up to $500 in account balance from one year to the next"

Don't get too excited, though: your employer has to agree to adopting the change.

And now the bad: we've been warning about "skinny networks" for some time, since that will be one of the few ways for insurers to trim costs. Unfortunately, it seems like the best hospitals are the ones going on a diet:

"Most of the top hospitals will accept insurance from just one or two companies operating under Obamacare ... Many top hospitals are simply opting out of Obamacare."

Easy come, easy go.
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