Annually, the IRS is required to publish updated Health Savings Account (HSAs) and High Deductible Health Plans (HDHPs) limits by June 1 each year. On May 10, 2021, the Internal … Continued
Plan sponsors of group health plans providing prescription drug coverage to individuals who are eligible for Medicare Part D prescription drug coverage are required to satisfy certain notice requirements. Background … Continued
Open enrollment for the 2021 plan year is fast approaching and it is important for employers to be aware of the regulatory requirements and actions that need to be followed … Continued
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to provide $2.2 trillion in federal funding to address the COVID-19 … Continued
Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to pay … Continued
On June 27, 2019, President Trump issued an executive order directing federal agencies to issue guidance in several areas. In response, the Internal Revenue Service (IRS) has released Notice 2019-45, … Continued
On May 28, 2019 the IRS announced changes to maximum HSA contributions, minimum HDHP deductible amounts, and maximum out-of-pocket expense limits for HDHPs for the plan years beginning on or after January 1, 2020.