Jan 4, 2023 | Affordable Care Act, Cafeteria plans, Consumer-driven Health Plans, Health insurance exchanges, IRS
Once again, the IRS is seeking to increase access to federal Health Insurance Exchange coverage… this time, by offering greater flexibility to sponsors of cafeteria plans. As explained in Notice 2022-41, the IRS has expanded the change-in-status rules for...
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...
