News

Patient-Centered Outcomes Research Institute Fees, most commonly known as PCORI fees, were created in accordance with the ACA. PCORI Fees were scheduled to expire for plan years ending on or after October 1, 2019. With the enactment of a Federal spending bill at the end of 2019 PCORI fees have been extended for an additional… Read more »

Each year the IRS releases updated health savings account (HSA) and high-deductible health plan (HDHP) limits for the coming year.  2020’s limits are listed below and further information can be found on the IRS website HERE or by contacting Heather Baird at hbaird@insurancetrust.us. 2020 HSA Contribution Limits Individual: $3,550 ($50 increase from 2019) Family: $7,100… Read more »

CU Insurance Solutions is pleased to introduce Pam Huntington as our new Employee Benefits Specialist. Pam comes to our team with more than fifteen years of experience in the health insurance and voluntary benefits field.  She has previously worked as an Account Manager at both the health insurance carrier and broker levels.  Pam also worked… Read more »

INSURANCE TRUST 2 Ledgeview Drive Westbrook, ME 04092 MEDIA RELEASE For Immediate Release April 19, 2019   The Maine Bureau of Insurance Approves Health Insurance Association for Maine’s Credit Unions (Westbrook) – On March 29, 2019 the Maine Bureau of Insurance approved a new Multple Employer Welfare Arrangement (MEWA), an association formed to provide a… Read more »

By Elizabeth Ingram (who just added child #2) Vice President of People Strategy Finding out you are having a kid, even if planned, is overwhelming.  What do you need to have on hand or want?  When do you start to prep & who do you turn to for advice?  Your family & friends will probably be… Read more »

Open enrollment season is upon us. Employers are required to provide employees with certain benefit notices during this time of year. It is important to know which notices your group is required to provide. For example, the summary of benefits and coverage (SBC) must be provided at open enrollment time. Other notices must be distributed… Read more »

Build a stronger credit union with better payroll, compliance and HR solutions.  CU Insurance Solutions is excited to partner with ADP to offer credit unions the opportunity to use ADP’s trusted, turnkey solution for payroll, compliance and HR needs at a relationship discount.   ADP’s solutions help credit unions to: Manage cash flow with payment… Read more »

As the result of a provision in H.R. 1 (“Tax Reform”), the IRS now adjusts for inflation using the Chain Weighted CPI method, believed to be a more accurate calculation, keeping in line with cost-of-living. This applies immediately and has impacted family HSA contributions for 2018.

For the third consecutive year, CU Insurance Solutions is partnering with the Turning 65 Workshop to bring their popular Social Security & Medicare learning program to Maine credit union employees who are closing in on retirement. This fast-paced and engaging 2-hour workshop is designed to build a solid understanding of the basics of these essential… Read more »

We have had a few questions from our Group Employee Benefits clients concerning Anthem Blue Cross Blue Shield’s recent announcement to no longer sell new policies on Maine’s Affordable Care Act health insurance marketplace.  To clarify, their decision does not affect our credit union and small business group employee benefits clients. As for the Maine ACA… Read more »