2020 HSA Limits and ACA Out-Of-Pocket Maximums

2020 HSA Limits and ACA Out-Of-Pocket Maximums

The IRS has issued Revenue Procedure 2019-25 to announce the 2020 contribution limits and high deductible health plan (HDHP) design requirements. The new HSA contribution limits will become effective ...

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Federal Judge Rules Affordable Care Act Unconstitutional; Law Stands Awaiting Likely Appeal

Federal Judge Rules Affordable Care Act Unconstitutional; Law Stands Awaiting Likely Appeal

Last week, Judge Reed C. O’Connor ruled in favor of a lawsuit that argued the entirety of the Affordable Care Act (ACA) is unconstitutional without the individual mandate. The individual mandate ...

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The IRS Extends the Deadline for Furnishing Forms 1095-B and 1095-C to Individuals

The IRS has extended the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31, 2019 to March 4, 2019. Notice 2018-94 DOES NOT extend the deadlines for filing the 2018 Forms ...

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IRS Announces 2019 Healthcare Flexible Spending Arrangement (FSA) Contribution Limit

The Internal Revenue Service (IRS) has announced that the 2019 limit on employee pre-tax FSA healthcare contributions will rise to $2,700, up from $2,650 in 2018. Revenue Procedure Bulletin 2018-57 ...

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The IRS Releases Final 1094-C/1095-C Forms and Instructions for 2018 Tax Year

The IRS Releases Final 1094-C/1095-C Forms and Instructions for 2018 Tax Year

The Internal Revenue Service (IRS) recently released the 1094-C/1095-C forms and instructions to be used by Applicable Large Employers (ALEs) for the 2018 tax year reporting required by the ...

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Cautions and Benefits of an HDHP/HSA for Your Organization

Cautions and Benefits of an HDHP/HSA for Your Organization

As the price of health care continues to increase faster than the rate of inflation, both monthly premiums and average deductibles are also increasing. Many employers have turned to high deductible ...

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