President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act or CARES Act on Friday, March 27. This bill is intended to help Americans by providing some financial relief as we continue to face the coronavirus pandemic. We are especially happy to see these legislative changes provide greater flexibility for account holders. Employees enrolled… Continue reading 2020 CARES Act: Employee Benefits Update
Category: Health Care Reform
PCORI Filing Fee Due July 31
The next Patient Centered Outcomes Research Institute (PCORI) filing deadline is July 31, 2017 for all Health Reimbursement Arrangements (HRAs), Medical Expense Reimbursement Plans (MERPs) and self-funded medical plans with a plan year ending in 2016. View the schedule of fees and learn more about this excise tax. Created under the Affordable Care Act, part of… Continue reading PCORI Filing Fee Due July 31
New HSA Limits Announced for 2018; Possible Changes Proposed
Last week the IRS released the inflation-adjusted limits for Health Savings Accounts (HSAs) in 2018. The increases for the 2018 are as follows: Annual Contribution Single: $2,450 Family: $6,900 HSA Minimum Deductible Single: $1,350 Family: $2,700 HSA Maximum Out-of-Pocket Expenses Single: $6,650 Family: $13,300 Looking Ahead If the ACA replacement bill gets passed in the… Continue reading New HSA Limits Announced for 2018; Possible Changes Proposed
PCORI Fees Due by July 31
In 2010, the Affordable Care Act created a new entity known as PCORI, the Patient Centered Outcomes Research Institute. Part of the Institute's funding is through temporary fees imposed on group health plans, including Health Reimbursement Arrangements (HRAs) and Medical Expense Reimbursement Plans (MERPs). These fees, which must be paid by the plan sponsor,… Continue reading PCORI Fees Due by July 31