Healthcare Reform is bringing big changes. But don’t worry. We’ve got you covered. Listen to this message from TASC CEO Dan Rashke to learn what lies ahead and TASC’s plans to take care of you and your Clients.
Did you miss the recent 2011 Compensation Webinar? No worries! A recorded version is now available under Webinars. Tune in to learn about increased AgriPlanNOW and BizPlanNOW new and renewal commissions, a one-time conversion incentive, Blue Circle renewal commission benefits, and the Provider Incentive Program for 2011.
For the first time ever, the Blue Circle will pay renewal commission benefits for AgriPlanNOW and BizPlanNOW. The Blue Circle rewards you for the value of your TASC business and is designed for Providers who have demonstrated a high level of production and commitment to their Clients and to TASC. Three levels of Blue Circle membership exist: Blue, Crystal, and Platinum. Your level is determined by your renewal business with TASC. Blue members have brought in $10,000 or more in renewal business; Crystal members have brought in $50,000 or more in renewal business; and Platinum members can pride themselves on bringing in more than $100,000 in renewal business. The 2011 production value for AgriPlanNOW and BizPlanNOW is 2.5x the declared value of the Plan. Contact your Regional Sales Director for more information.
The Internal Revenue Service has released new guidance regarding Health Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs), and last week specifically addressed the use of debit cards for the purchase of “prescribed” over-the-counter (OTC) medicines and drugs under these Plans.
Per the IRS, health FSA and HRA debit cards may continue to be used to purchase OTC medicines or drugs at pharmacies, and via mail order or web-based vendors. Meanwhile, use of said cards must comply with practices currently employed by pharmacies: a prescription must be presented to the pharmacy that dispenses the medication, a prescription number must be assigned, and proper recordkeeping must be maintained.
Due to a provision within the Patient Protection & Affordable Care Act, the cost of OTC drugs is reimbursable only if accompanied by a prescription (or equivalent document) signed by your medical practitioner. This policy applies to purchases made on or after January 1, 2011. It does not apply to insulin and other health care expenses such as medical devices, eye glasses, or contact lenses.
TASC is currently analyzing this recent development and its effect (if any) on our OTC Prescription Order Form. Watch for more updates about this and other healthcare reform topics that impact our Plans. For more information regarding IRS Notice 2011-5, visit http://www.irs.gov/pub/irs-drop/n-11-05.pdf.
AgriPlanNOW and BizPlanNOW Rewards Program just got bigger! Because you work so hard to deliver for your Clients, TASC makes every effort to reward you well for your commitment to excellence. Learn more by attending a webinar. See available dates under “Webinars.”
Plan renewal time is upon us, and we expect to mail annual BizPlan and AgriPlan renewal invoices later this week. Because we made some big changes to the Plans, the invoice mailing is slightly later this year. Payments are due Friday, January 7, 2011. Please call 1-800-298-2923 if you have questions. We appreciate prompt payment, and look forward to continuing to serve you and your Clients in 2011!
If your clients lose their tax savings…
who are they going to blame?
Being a trusted adviser to your Clients requires a solid relationship based on trust, knowledge, and service. To continue in this role means you must learn the ins and outs of the recent healthcare reform legislation. Some provisions of the new legislation are in effect already, with many more coming soon.
You must help your Clients stay in compliance.
Is keeping up with the changes presented by the healthcare reform legislation giving you a headache? It’s your responsibility to provide the best possible care for your Clients and keep them in compliance with new healthcare reform laws.
And it’s a huge responsibility!
Your Clients may not even know how healthcare reform legislation affects them. But they aren’t going to be happy if they lose significant tax savings. Your Clients need your guidance now and in the months ahead.
TASC is here to help.
Tackling the issues of healthcare reform will be challenging and time-consuming. However, it must be done— and the sooner the better!
Watch for more helpful information coming soon to this website.
Questions? Call 800-298-2923 or e-mail email@example.com