IRS Adjusts Health Savings Account Contribution Limit, Provides Transition Relief for Certain Non-Compliant High Deductible Health Plans
March 7, 2018
In Rev. Proc. 2018-18, the Internal Revenue Service (IRS) has released adjusted contribution limits for health savings accounts (HSAs) due to changes made by the Tax Cuts and Jobs Act (TCJA). The new HSA contribution limit for individuals with family high deductible health plan (HDHP) coverage is $6,850, a $50 reduction from the previously announced inflation-adjusted amount for 2018. Other HSA/HDHP figures remain unchanged. Continue reading.
Short-Term Spending Bill Delays Cadillac Tax, Other ACA Taxes
January 24, 2018
On January 22, 2018, President Trump signed H.R. 195: Extension of Continuing Appropriations Act, 2018, which is a short-term spending bill that re-opened the federal government after a three-day shut-down. Continue reading.
Department of Labor Releases Proposed Rule Expanding Association Health Plans
January 23, 2018
Earlier this month, the U.S. Department of Labor issued a proposed rule to expand the opportunity of unrelated employers of all sizes (but particularly small employers) to offer employment-based health insurance through Association Health Plans (AHPs). Continue reading.
Department of Labor Announces April 1 Applicability of Final Disability Plan Claims Procedure Regulations
January 22, 2018
The U.S. Department of Labor announced its decision for April 1, 2018, as the applicability date for ERISA-covered employee benefit plans to comply with a final rule (released in December 2016) that imposes additional procedural protections (similar to those that apply to health plans) when dealing with claims for disability benefits. Continue reading.