WEX Inc.
MAY 8, 2023
More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. private-sector workers in 2021. But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan.
InterWest Insurance Services
DECEMBER 9, 2021
As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. 31, 2021, and for plan years that start on or after Jan. That comes to an end Dec. That’s a change from the prior threshold of 250.
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Proskauer's Employee Benefits & Executive Compensa
JANUARY 4, 2023
Additionally, the notice must be written in plain, non-technical terms and in a large enough font size to call to a viewer’s attention that the information pertains to tax statements reporting that individuals had health coverage. The reporting entity must furnish a copy of the form within 30 days of a request.
Benefit Resource Inc.
JUNE 1, 2023
As a result, more than 55% of Americans were enrolled in HDHPs in 2021, a new record. Employees can use two tax-advantaged accounts to cover many primary eligible expenses. If employees enroll in a Limited FSA they have the option to forgo enrolling in vision or dental insurance, avoiding the need to pay those premiums.
Benefit Resource Inc.
OCTOBER 7, 2021
A solid employee benefits package is crucial for recruiting and retention and has become even more important in the current market — Open Enrollment plays a big part in that. It feels like this year went by in the blink of an eye and it’s hard to believe we’re already in the home stretch of 2021.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 6, 2022
While the proposed regulations technically would become effective for coverage in calendar years beginning January 1, 2022, the IRS has indicated that reporting entities may rely on them starting with the reports due for 2021 (provided to covered individuals and employees in 2022). Background on Required ACA Forms.
Business Management Daily
NOVEMBER 15, 2021
Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. The maximum that an employee may contribute to a healthcare FSA is $2,750. Healthcare FSA.
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