News & Resources

UnitedHealth Group Buys American Health Network

  One of Indiana’s largest independent physician groups, American Health Network is cashing in on the consolidating health care market, selling to insurer UnitedHealth Group. This acquisition will make UnitedHealth Group a player with Anthem Inc. in the Indiana market.

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Employer Provisions Contained In The Obamacare Replacement Bills Introduced In Congress

  Below are some updates on the employer provisions contained in the Obamacare replacement bills introduced in Congress. Please contact your Somerset advisor at  if you have any questions. Repeals the ACA’s taxes with an effective date of 2018 and beyond.

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Executive Order Issued By President Trump

  President Trump has issued an Executive Order intended to minimize the economic and regulatory burdens of the Affordable Care Act (“ACA”). Please note the order has NO immediate effect on employers, many of whom are in the process of

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Small Employer HRA’s May Be Back In 2017

Last week, the House of Representatives voted 392-26 to pass H.R. 34, the vehicle for the 21st Century Cures Act. Republicans voted 218-20 and Democrats voted 174-6 in favor of the legislation. As a part of legislation moving through Congress,

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Employee Benefit Plans Tax Updates

  Patient-centered outcomes research fee (IRS No. 133). The patient-centered outcomes research fee is imposed on issuers of specified health insurance policies (section 4375) and plan sponsors of applicable self-insured health plans (section 4376) for policy and plan years ending

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Health Savings Accounts Contribution Adjustments

  IRS released 2017 inflation-adjusted figures for contributions to Health Savings Accounts. Annual limitation on deductions for individual with self-only coverage under high deductible health plan is $3,400, and for individual with family coverage under high deductible health plan is

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