Blog

2020 Year-End Spending Bill & FSA Relief Options

December 30th, 2020

On December 27, 2020, the federal government signed the year-end spending bill into law affecting Health and Dependent Care Flexible Spending Accounts. The Consolidated Appropriations Act of 2021 provides several FSA relief options for employers to take advantage of during these unprecedented times. Our friends at Benefit Resource have put together an informational video that […]

COVID-19 Update: EBSA Disaster Relief Notice 2020-01

June 19th, 2020

In the past couple of weeks, there has been additional guidance and relief due to COVID-19 that impacts both pre-tax plans and COBRA.

2021 HSA Limits Announcement

June 1st, 2020

Health Saving Accounts (HSA) limits for the 2021 calendar year were recently announced. Here is a summary of updated limits: SELF-ONLY ENROLLMENT IN A HIGH DEDUCTIBLE HEALTH PLAN (HDHP) 2021 HSA LIMITS The maximum annual contribution is $3,600, up from $3,550 in 2020. The minimum deductible for the HDHP to be HSA-qualified is $1,400, […]

COVID-19: Updates and Regulatory Changes

April 10th, 2020

In these uncertain times, we are finding that participants are using their pre-tax benefits as a way to optimize savings and maximize allowable expenses. This situation is difficult to navigate, so we have brief updates below to keep you informed. Read on for information on regulatory changes, COVID-19 updates, and other considerations. Please note: We’re monitoring […]

High-deductible health plans can cover Coronavirus costs

March 12th, 2020

The IRS advised yesterday that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status.

9 Reasons to Love Your HSA

February 14th, 2020

Now, more than ever, healthcare dollars need to go further. With a Health Savings Account (HSA), you’ll keep more of the money you’ve earned. Let’s look at some of the many HSA benefits you’ll love so you can feel great when it comes to taking care of your healthcare, too.

IRS Announces New 2020 Limits for FSA, HSA, HDHP, and Transportation Plans

November 15th, 2019

The IRS released on November 6, 2019, Revenue Procedure 2019-44 with cost-of-living adjustments for tax-related amounts indexed for inflation. The IRS also announced the health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments earlier this year in Revenue Procedure 2019-25.