2022 IRS Benefit Plan Contribution Limits and Open Enrollment Considerations
With the increased contribution limits and open enrollment occurring at many companies, this may be a great time to review your benefits
Nov 17, 2021
The Internal Revenue Service has announced the 2022 cost of living adjustments for retirement and benefit plans. An overview is listed below, but you can review all of the updates here....
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2022 Health Savings Account Limits Released
May 12, 2021
The Internal Revenue Service has released cost of living adjustment limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) in Revenue Procedure 2021-25. Annual deductibles for self-only and...
Read moreAmerican Rescue Plan Act of 2021: Dependent Care Assistance Plan Limit Increase and COBRA Premium Subsidy
the American Rescue Plan Act of 2021 provides temporary updates to Dependent Care Plan limits and COBRA premiums .
Mar 17, 2021
Among the many provisions offering potential relief to workers, the American Rescue Plan Act (ARPA 2021) signed into law on March 11, 2021 provides temporary updates to Dependent Care Assistance Plan...
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Key Provisions The Department of Labor, Internal Revenue Service, and Treasury issued joint regulations on May 4, 2020 that extend a number of employee benefit plan deadlines during the COVID-19 outbreak....
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President Trump signed the Families First Coronavirus Response Act (FFCRA) on March 18, 2020 following its passage by both houses of Congress. FFCRA includes employer mandates for expanded leave requirements under...
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IRS Issues COVID-19 Guidance
Mar 11, 2020
In response to the rapidly developing Corona virus outbreak, the IRS has issued guidance confirming that COVID-19 testing and treatment will be considered preventive care under high deductible health plans (HDHPs). ...
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What H.R. 1865 Means for Health Plans
Jan 09, 2020
On December 20, 2019, President Trump signed H.R. 1865 into law, entitled “Further Consolidated Appropriations Act, 2020.” The legislation is a sweeping funding bill that incorporates the SECURE Act’s numerous provisions...
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On July 17, 2019, the IRS released Notice 2019-45 which expands the definition of preventive care under a High Deductible Health Plan (HDHP) to include services and items for specific chronic...
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How is a VEBA Funded?
VEBA HRAs are valuable, fully tax-sheltered vehicles through which employees can be reimbursed for eligible medical expenses. Although VEBAs are typically funded by Employer Contributions, there are other ways that monies can move into the VEBA.
Apr 24, 2019
VEBA HRAs are valuable, fully tax-sheltered vehicles through which employees can be reimbursed for eligible medical expenses. Although VEBAs are typically funded by Employer Contributions, there are other ways that monies...
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Annual QTA Review to Ensure Compliance
It's important to perform annual reviews of your Qualified Transportation Fringe Benefit plan to ensure compliance. New tax rules regarding employer-provided parking went into effect in 2018. For-profit employers are no longer able to take a deduction for these benefits and non-profits are deemed to have UBTI.
Jan 09, 2019
As we kick off the new year, it’s important to perform an annual review of your Qualified Transportation Fringe Benefit plan to ensure its compliance with applicable law. Changes to employer-provided parking rules New...
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