Educate employees about their benefits with the June Benefits & Me Newsletter.
HSA HDHP Limits Will Increase for 2024
The IRS recently released the inflation-adjusted limits for HSAs and high deductible health plans (HDHPs). The limits include the max HSA contribution, the minimum deductible for HDHPs, and the max OOP expense limit for HDHPs. Click here to learn more.
Sentara Introduces New Company Name and Logo
Optima Health's parent company, Sentara, announced a new name, Sentara Health, and a new logo to better reflect their enhanced focus on promoting the overall health and well-being of their consumers.
How does this impact Optima Health Employer Groups and Members? They will continue to sell Optima Health branded products through the end of this year for effective dates in 2023. This fall, they will begin selling commercial and Medicare as Sentara Health Plans for 2024 effective dates. Also, Virginia Premier Medicaid members will become Optima Health Medicaid members beginning July 1, 2023.
Sentara will launch a brand awareness campaign this summer and update 2024 materials with the new brand. More details on upcoming changes are below and additional information will be shared in the weeks and months to come. Learn more here!
Rescheduled: How Employers Should Handle PCORI Fees
New Date: Wednesday, June 28, 2023 | 2:00 - 3:00 PM
We rescheduled this webinar for a later date because IRS Form 720 released in March 2023 does not reflect the correct rate per covered life for plan years ending after October 1, 2022 and before October 1, 2023. The correct amount is $3.00 but the Form 720 reflects the 2021-2022 rate of $2.79. We are hoping that by our new date, the IRS will have made this correction to the form.