2016 COLA for Retirement Plans Released

Elective Deferral Limit 402(g)(1) $ 18,000.00 Catch-Up Limits for 401(k) Plans (Age 50+) $ 6,000.00 Defined Contribution Dollar Limit 415(c)(1)(A)* $ 53,000.00 Maximum Compensation Limit 401(a)(17) $ 265,000.00 Highly Compensated Employee Definition 414(q)(1)(B)** $ 120,000.00 2016 Social Security Taxable Wage Base  $ 118,500.00

Medicare Premiums to rise, but no cost of living increase this year!

New Medicare Beneficiaries, and high earners, are going to get hit with substantially higher premiums.  Those currently on Medicare that are not high-earners will continue to pay $104.90 this coming year.  New Medicare Beneficiaries will pay $159 in 2016. From the Wall Street Journal “The rise in premiums seems increasingly likely because the Social Security Administration is expected to announce …

More CO-OPs continue to fail across the country

With the collapse of Oregon and Colorado’s CO-OPs,  a third of all the ObamaCare-created plans have gone under.  This represents just shy of a Billion dollars in taxpayer money lost.  ObamaCare legislation was supposed to provide $3 billion in funding to the CO-OP’s – but can only pay 12.5% of that.  The question, “HOw are we going to pay for …

As we gear up for Open Enrollment 2015 – ObamaCare’s largest CO-OP fails.

ObamaCare created “CO-OP” heath plans, and provided startup loans. But would they survive? Would the theory that not-for-profit health plans could not only compete, but would be “better” than commercial insurance companies, pan out? It is starting to look like the answer is a resounding “NO.” Co-ops in Louisiana, Vermont, Nevada, Nebraska and Iowa failed earlier in the year. Now …