Empuls

FEBRUARY 26, 2024

  Workplace dynamics are constantly evolving, the year 2024 promises a revolutionary shift in how organizations approach employee experience. From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

InterWest Insurance Services

JUNE 8, 2023

The IRS has raised the maximum amount people can funnel into their health savings accounts by 7.8% for 2024, the largest increase ever, brought to you by inflation. The IRS updates this amount annually, along with minimum deductibles as well as the out-of-pocket maximums for high-deductible health plans.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. cut scheduled for 2024. Mental Health Parity Enforcement. Not only do the CAA 2023’s “SECURE 2.0” Not only do the CAA 2023’s “SECURE 2.0”

Deductions 98

Deductions Deductible Health Savings Account Retirement Plan 98

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. The catch: These funds must be spent by March 15, 2024.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

Higginbotham

JANUARY 12, 2024

Health accounts can provide advantages to both the employer and the employee, including the following: Flexibility: It’s hard to find employee benefits that fit everyone’s needs. For 2024, the contribution limit for self-only coverage is $4,150 and the contribution limit for family coverage is $8,300.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

InterWest Insurance Services

JULY 6, 2023

The study’s authors noted that there are other benefits besides just cost savings. Bipartisan legislation in Congress, the Telehealth Benefit Expansion for Workers Act, would make these waivers permanent and allow employers to offer stand-alone plans to their workers.

Insurance 94

Insurance Out of Pocket Cost Hospitality Health Savings Account 94

Snell & Wilmer Benefits

JANUARY 24, 2023

There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years. For calendar year plans, this extension means that the plan may offer the telehealth relief for the 2023 and 2024 plan years. The 2023 CAA telehealth relief is temporary.

Deductions 52

Deductions Deductible Family and Medical Leave Act Health and Welfare 52

Proskauer's Employee Benefits & Executive Compensa

JUNE 27, 2023

Notice 2023-37 confirms that an HDHP can provide pre-deductible coverage of COVID-19 testing and treatment for plan years ending on or before December 31, 2024. Yes, for a limited time. For subsequent plan years, the HDHP may continue to cover COVID-19 testing and treatment subject to the plan’s minimum deductible.

Deductions 52

Deductions Deductible Health Savings Account Medical 52

Snell & Wilmer Benefits

JANUARY 24, 2023

There have been various laws and guidance impacting HDHPs and telehealth since 2020 and most recently, new legislation extended relief for 2023 and 2024 plan years. For calendar year plans, this extension means that the plan may offer the telehealth relief for the 2023 and 2024 plan years. The 2023 CAA telehealth relief is temporary.

Deductions 40

Deductions Deductible Family and Medical Leave Act Health and Welfare 40

HR Professionals Magazine

MARCH 6, 2023

A stand-alone group health plan would have to ensure it does not provide zero or low-cost benefits below the IRS minimum deductible to preserve participants in the HDHP’s ability to fund a health savings account (HSA). There may still be significant risk. Stacey Stewart.

Medical 52

Medical IT Health Savings Account Deductions 52

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 96

Health Savings Account 401(k) Flexible Spending Account Taxes 96

PeopleStrategy

FEBRUARY 21, 2024

Working with a trusted benefits administrator can be a big help in staying compliant when it comes to benefits. But there are many areas of compliance that you need to be aware of, especially because many are changing in 2024. PeopleStrategy offers benefits administration, and we can share more information with you.

Deductions 52

Deductions Deductible Health Savings Account Electronics 52

Higginbotham

NOVEMBER 2, 2022

Employee Benefit Plan Limits for 2023. Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. As a reminder, the updated $610 FSA carryover limit is for amounts carried over from the 2023 plan year into 2024, not 2022 into 2023.

401(k) 52

401(k) Flexible Spending Account Health Savings Account Flexible Spending 52

AssuredPartners

OCTOBER 18, 2022

Included in this announcement, and of consequence to the employee benefits world, the IRS noted that the dollar limit maximum for employee contributions made on a pre-tax basis via salary reductions to health flexible spending accounts (FSAs) under a cafeteria plan will be modified for 2023.

Healthcare 52

Healthcare Flexible Spending Account Health Savings Account Flexible Spending 52

Higginbotham

MARCH 17, 2022

1, 2024: A list of the remainder of all items and services is required for plan years beginning on or after Jan. 29, 2020, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule regarding transparency in coverage. Links and Resources . Machine-readable Files.

Health Insurance 52

Health Insurance Out of Pocket Cost Insurance Health Savings Account 52

WEX Inc.

FEBRUARY 2, 2023

From an employee benefits and COBRA perspective, this would mean that temporary extensions introduced during the COVID-19 pandemic will also expire. trillion spending bill also extended a provision that provided relief to health savings account (HSA) participants.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Taxes 52