Steve joined Bim Group in 1993 after serving in leadership of nonprofit organizations for over 20 years. Steve is certified by the Life Underwriters Training Council (LUTCF) and is a Registered Health Underwriter (RHU). He has served as President and Legislative Chair of the Central Kentucky Association of Health Underwriters (CKAHU) and President of the Kentucky Association of Health Underwriters, focusing on affordable healthcare. In his business development role, Steve is an active member of economic development organizations, networking with business and government community leaders driving the development of employment opportunities and employee benefits.
Business Development Consultant
The Patient Protection and Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer full-time employees health coverage or pay one of two employer shared responsibility penalties. An ALE is an employer with 50 or more full-time or full-time equivalent employees. A full-time employee is an employee who works 30 hours or more a […]Read more
The Department of the Treasury (Treasury), Department of Labor (DOL), and Department of Health and Human Services (HHS) (collectively, the Departments) released their final rules regarding health reimbursement arrangements (HRAs) and other account-based group health plans. The DOL also issued a news release, frequently asked questions, model notice, and model attestations. The final rules’ goal […]Read more
May was a busy month in the employee benefits world. The Internal Revenue Service (IRS) released health savings account annual contribution limits and high deductible health plan minimum annual deductibles and annual out-of-pocket maximums for 2020. The Department of Labor (DOL) released questions and answers (Q&As) to clarify its enforcement of the association health plan […]Read more
A health savings account (HSA) is a tax-exempt trust or custodial account set up with a qualified HSA trustee (such as a bank or insurance company) that is used to pay or reimburse certain medical expenses. HSAs were first available as of January 1, 2004, and have grown greatly in popularity. An eligible individual (with […]Read more