Dec 6, 2019 | Announcements, Compliance, IRS, News
Happy holidays from the IRS! While many of us are hard at work preparing for the Holidays and getting last minute tasks done at work, the IRS has been thinking about the first quarter of 2020. As we all know, if you’re a self-funded employer, January is the time...
Nov 8, 2019 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), IRS, News
The Internal Revenue Service (IRS) has announced the annual inflation adjustment for flexible spending accounts (FSAs) for the 2020 tax year. As has been the case in previous years, contribution limits will see only modest increases or remain unchanged. The 2020...
Jul 19, 2019 | Announcements, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News, Preventive Care
In response to President Trump’s Executive Order 13877, “Improving Price and Quality Transparency in American Healthcare to Put Patients First,” the Treasury Department and the IRS were directed to consider ways to expand the use and flexibility of Health Savings...
Jun 4, 2019 | Announcements, Consumer-driven Health Plans, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News
The IRS has announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2020. The annual limit on deductible contributions to an HSA will go up by $50 for individual coverage and $100 for families next year. HSA...
Feb 8, 2019 | Affordable Care Act, Compliance, Health Care Reform, IRS
Following the recent government shutdown, the question has arisen, “Have the IRS filing deadlines changed for my Employer Shared Responsibility Provision reporting?” The answer, regretfully: “No.” The health coverage data you collected during...
