The Health Insurance Portability and Accountability Act (HIPAA) protects the privacy and security of an individual’s protected health information (PHI) by governing how covered entities use, store, and share health information. As covered entities under HIPAA, self-funded plan sponsors must comply with HIPAA’s Privacy, Security, and Breach Notification Rules. The Department of Health and Human Services Office of Civil Rights … Read More
Which Will Better Serve Your Business: a Broker or an Actuarial Consultant?
When it comes to employee benefits, your organization needs a benefits advisor that adds the most value to your business. While there are quite a few differences in the services provided by a broker or an actuarial consultant, a crucial consideration is the size of your business. Generally speaking, a business with fewer than 150 employees is better off with … Read More
Foster & Foster Actuaries and Consultants: Innovative Actuarial Solutions for Mid-Size Employers
Mid-size employers have an unenviable position in employee benefits: large enough to have cost control options available, but too small to enact these solutions on their own. To address this, Geoff Marsh founded Marsh Consulting Group (MCG) in 2000 with a vision of strategic cost control, effective employee communications, and comprehensive regulatory compliance. Foster & Foster acquired MCG in 2018, … Read More
2019 HSA Limits and ACA Out-Of-Pocket Maximums
On the heels of a recent announcement regarding changes to the 2018 Health Savings Account (HSA) contribution limits, the IRS has issued Revenue Procedure 2018-30 to announce the 2019 contribution limits and high deductible health plan (HDHP) design requirements. The new HSA contribution limits will become effective January 1, 2019 and the new HDHP design requirements will go into effect … Read More
Foster & Foster Completes Acquisition of California-Based Marsh Consulting Group
Deal Expands Foster & Foster’s National Footprint FORT MYERS, Fla. (Jan. 22, 2018) — Foster & Foster Consulting Actuaries, Inc. announced today that it has completed its acquisition of Marsh Consulting Group (MCG), a top health & benefits consulting firm headquartered in Paso Robles, California. “The completion of this acquisition marks yet another important milestone in the history of Foster … Read More
