On May 10, 2018, the IRS announced the 2019 inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs). Employers who sponsor HDHP plans may need to make plan design changes reflecting the new limits, for plan years beginning in 2019. Also, if an employer communicates the HSA contribution limits to employees as part of the enrollment process, these enrollment materials should be updated to reflect the increased limits that apply for 2019. Employers who have questions regarding how these changes impact their benefit plans should speak with their Health & Benefits Consultant.
The attached Compliance Bulletin provides details of the changes for 2019.
Contact your Cowden representative for more information on this or other compliance issues.