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News Updates

On April 23, 2014, the U.S. Treasury Department and Internal Revenue Service (IRS) announced increases to the 2015 HSA limits.  They released Revenue Procedure 2014-30, which lists the 2015 indexed amounts, adjusted for inflation, for health savings accounts and high-deductible health plans (HDHPs).
Key Points
The following HSA Limits will increase for 2015:

Annual …

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On March 28, 2014, the Internal Revenue Service (IRS) released an Office of Chief Counsel Memorandum to provide information on how health flexible spending account (FSA) carryovers affect eligibility for health savings accounts (HSAs).
Key Points

A health FSA may allow for carryovers of up to $500 in unused funds.
Carryovers under general purpose …

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The US Treasury released the final regulations implementing the employer shared responsibility penalty provisions of the 2010 health care reform law on February 10, 2014.  In many ways, the final regulations resemble the proposed regulations issued over a year ago but there are several – mostly welcome – changes and transition provisions for employers.
Phased-in …

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The Federal Government has just released two very important announcements regarding hardship exemptions for the new Patient Protection and Affordable Care Act (PPACA) and regarding proposed regulations with amendments to the excepted benefit requirements, as defined by HIPAA.
On December 19, 2013, the White House announced that people whose individual health care policy had been …

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Today’s Wall Street Journal has an article about rising health costs for employees who receive health benefits through their employers.  Employers anticipate that more employees will be opting into employer funded health plans in 2014. This means that employers who subsidize health plans for their employees will incur higher overall health benefit costs and many …

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What Others Say About Us

The Sullivan team takes the time to understand what we do as an organization; to understand what is important to our customers and what is important to our employees.   They take the time to understand what kind of company we want to be and who we want to relate to.

Brad HerremansCEOSuncoast Community Health Centers