Allen Steinberg : Perspectives

Employee benefit plans—especially retirement and health care—have become an increasingly important part of the employment relationship. For employers, these plans represent an important part of the total compensation package, a tool for retention and recruitment, and a growing financial and compliance burden. For employees, these plans represent a key part of their overall financial security and wellbeing, a financial burden, and a source of complexity and frustration. In effect, it’s complicated. Our firm is dedicated to helping employers manage these complexities and focus on the important things.

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Allen Steinberg

30.03.2017 11.02 CDT

The drive to reduce corporate tax rates will send Congress looking for new sources of revenue. Employee benefit plans…look out.

Tax Reform: More Challenges for Employee Benefit Plans

Tax reform regarding employee benefit plans may come under attack by legislators.

401(k) Health Plans retirement plan limits tax expenditure

Tax breaks for employee benefit plans represent a significant loss of revenue for the federal government. In the movement to reduce corporate taxes – and offset reduced federal revenue from those tax cuts - employee benefit plans represent an attractive target for legislators.

Allen Steinberg

18.03.2017 12.39 CDT

The Republican health care proposal leaves many key provisions the ACA intact and Republican acceptance of these provisions may be the real legacy of the Affordable Care act.

The Legacy of Obamacare

In the future, when the day-to-day battles have faded, this may be the legacy of the Affordable Care Act...

Affordable Care Act Obamacare Repeal. TrumpRyanCare

It is too soon to predict the fate of the American Health Care Act (AHCA) or, as we call it, TrumpRyanCare. But, the AHCA as currently proposed retains many key provisions of the Affordable Care Act. The apparent willingness of Republicans to retain these provisions represents a significant statement about the lasting effects of Obamacare.

Allen Steinberg

15.03.2017 06.31 CDT

Eligibility for Medicare affects your current insurance coverage – sometimes in surprising ways. Learn more to avoid unpleasant surprises.

Medicare Eligibility: A Boon and a Trap

Eligibility for Medicare is really eligibility for two different types of insurance coverage.

Enrollment Medicare Medicare Supplement

Your current health insurance may be affected – and even reduced - once you become eligible for Medicare. Learn more about these complicated rules to avoid unpleasant surprises.

Allen Steinberg

07.03.2017 03.20 CST

Health Savings Accounts (HSAs) are promoted as a better way to pay for health care. However, there are limitations to what HSAs can really do.

401(k) Plans and Health Savings Accounts: A Questionable Comparison

Can you compare HSAs with 401(k) plans? In some ways they look alike, but...

affordability consumerism HSAs

Increased reliance on HSAs is going to be a key element of any TrumpRyanCare bill. Although it may be tempting to compare Health Savings Accounts and 401(k) plans, such comparisons underestimate the challenges of increasing individuals’ reliance on HSAs to finance health care.

Allen Steinberg

05.03.2017 03.25 CST

People on Medicare should pay attention to the ongoing debate over a TrumpRyanCare proposal - your prescription drug costs could be affected.

ACA Repeal and Medicare Beneficiaries

People who have prescription drug coverage under Medicare may, once again, fall into the "donut hole" if Obamacare is repealed.

Affordable Care Act Donut hole Medicare Obamacare repeal

Efforts to replace and repeal the Affordable Care Act will have the greatest effect on those under 65 - but may also have a significant impact of people covered by Medicare. Specifically, if the AC is repealed your cost of prescription drugs may go up. Here how Medicare beneficiaries may be impacted by an ACA repeal.