Dec 23, 2022 | Affordable Care Act, Compliance, IRS, Regulatory
First, the good news: Just in time, the IRS has issued a final rule making permanent the automatic 30-day extension deadline to furnish employees their Affordable Care Act (ACA) 1095 forms. The final rule (Information Reporting of Health Insurance Coverage and...
Nov 28, 2022 | Affordable Care Act, Compliance, Form 1094, Form 1095, IRS, Regulatory
Now is the time for self-funded employers to start thinking about and complying with a critical health care reform mandate: Providing the IRS with an accurate accounting of health coverage for full-time employees via IRS Forms 1094 and 1095. Per the Affordable Care...
Oct 31, 2022 | Flexible spending accounts (FSAs), Health flexible spending account (FSA), IRS, Qualified small employer health reimbursement (QSEHRA), Qualified transportation fringe benefits
The IRS has announced 2023 cost-of-living adjustments for health flexible spending accounts (FSAs) and other tax provisions related to consumer-driven plans. The maximum voluntary employee salary reduction contribution to Health FSA gets a $200 bump, reflecting...
Nov 10, 2021 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), IRS
The IRS has announced 2022 cost-of-living adjustments for certain tax provisions related to consumer-driven plans: The limit on voluntary employee salary reduction contributions to a health flexible spending account (FSA) increases $100 from 2021 to $2,850. The...
May 14, 2021 | Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News
The IRS recently announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2022. HSA Contribution Limits – The annual HSA contribution limit for individuals with self-only high-deductible health plan (HDHP) coverage...
Dec 28, 2020 | Consumer-driven Health Plans, COVID-19, Dependent care assistance plan (DCAP), Flexible spending accounts (FSAs), IRS, Regulatory
The Consolidated Appropriations Act of 2021 (also called the COVID-19 relief bill) includes temporary provisions that allow employers to provide for a carryover of unused health flexible spending arrangements (FSA) and dependent care assistance flexible spending...
