President Joe Biden's nine-point action plan forCOVID-19, released on Dec. 2, directs federal agencies to issue regulations requiring group health plans and insurers to cover or reimburse costs for over-the-counter (OTC) at-home rapid COVID-19 tests without requiring health plan participants to pay any of the amount.
The IRS has released 2022 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more. They also increased the FSA carryover limit for 2022.
Each quarter a recognition winner is selected as someone who stood out among colleagues. Congratulations to Angie Stout for winning the Q2 Standout Award!
On May 18, 2021, the IRS issued Notice 2021-31, which provides guidance on the COBRA subsidy created by the American Rescue Plan Act (ARPA).
The IRS announced Monday, May 10th, HSA limits for 2022. The IRS confirmed HSA contribution limits along with minimum deductible and maximum out-of-pocket expenses for the HDHPs with which HSAs are paired for 2022.
The House of Representatives voted to approve the $1.9 trillion COVID-19 relief package, known as The American Rescue Plan Act of 2021. The bill will now go to President Biden's desk, who is expected to sign the legislation.
The Internal Revenue Service (IRS) announced in IRS Notice 2020-76 limited relief for Form 1094/1095 information returns for the 2020 tax year, largely following prior years' guidance.
Eugene Starks, Principal, was elected President-Elect of the National Association of Health Underwriters Board of Trustees at its 90th Annual Convention and Exhibition, hosted virtually earlier this week.
The Internal Revenue Service (IRS) issued its annual health savings account contribution adjustment on Wednesday, May 20, for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.
While we’re continuously inundated with daily COVID-19 news updates, urged to stay inside or wear protective personal equipment, and state-wide business shutdowns get extended through May, the nation keeps working on preserving physical safety. However, one’s mental health must be factored into pandemic guidelines as well.
In the face of an unprecedented pandemic and subsequent, preventative measures—including state-wide quarantines—the impact of the novel Coronavirus is changing the face of employee benefits.