In a move toward enhancing healthcare accessibility, the IRS has released Notice 2024-75, expanding the list of preventative care coverage allowed under high deductible health plans (HDHPs). This update allows certain preventative care services and products to be provided without…
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Some employees may be able to eliminate more taxes next year and save more money because the IRS has announced new increased contribution limits to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), commuter benefits, and more for 2024. The…
Read More About 2024 FSA, HSA, and commuter benefits contribution limits grow
On April 10, 2023, President Biden signed a joint resolution (H. Joint Resolution 7) to end the COVID-19 National Emergency. The National Emergency will now end on May 11, 2023. This means employers will no longer be required to extend…
Read More About End of the COVID-19 National Emergency and Outbreak Period
Some employees may be able to eliminate more taxes next year because the IRS has announced new increased contribution limits to Flexible Spending Accounts (FSA) and commuter benefits for 2023. This is in addition to the Health Savings Account (HAS)…
Read More About 2023 FSA and commuter contribution limits rise; $200 more for health expenses
On June 24, 2022, the U.S. Supreme Court upheld Mississippi’s restrictions on abortion, a ruling that may lead employers to revise their employee health care benefits to include medical travel benefits. The SCOTUS decision overturns Dobbs v. Jackson Women’s Health Organization,…
Read More About Medical Travel Benefits for Employees and What Employers Need to Know
Face masks FSA, HSA, and HRA eligible retroactively back to January 1, 2020 A new IRS Notice just made COVID-related personal protective equipment (PPE) like hand sanitizer and face masks FSA (flexible spending accounts) and HSA (health savings accounts) eligible,…
Read More About IRS says COVID PPEs like face masks are FSA, HSA, and HRA eligible
The EBSA Disaster Relief Notice and the American Rescue Plan Act (ARPA) brought 100% COBRA subsidies, an increase in the Dependent Care FSA maximum from $5,000 to $10,500, and a new timeline for benefit extensions. On February 26, 2021,…
Read More About COBRA Subsidies, FSA Dependent Care increase, and benefit extensions from ARPA
Answers to frequently asked CARES Act Questions On March 27, 2020, the federal government passed and signed into law the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, that includes a wide-ranging set of emergency funds and relief…
Read More About Impact of the CARES Act on FSAs, HSAs, HRAs, and Related Services
Two new HRA plan types are available: Individual Coverage HRA (ICHRA) and Excepted Benefit HRA (EBHRA). On June 13, 2019, the Treasury, Department of Licensing (DOL), and Department of Health and Human Services (HHS) released final HRA plan…
Read More About ICHRA and EBHRA: Understand the fundamentals
