Highlights Each year, the IRS announces inflation-adjusted limits for HSAs and HDHPs. By law, the IRS is required to announce these limits by June 1 of each year. The adjusted contribution limits for HSAs take effect as of Jan. 1, 2021. The adjusted HDHP cost-sharing limits take effect for the plan year beginning on or […]
HSA / HDHP Limits will increase for 2021 Read More »
On May 14, the Department of Health and Human Services (HHS) published in the Federal Register its Notice of Benefit and Payment Parameters for 2021 final rule and posted an accompanying fact sheet. The 2021 annual out-of-pocket (OOP) maximums for non-grandfathered group health plans will increase by approximately 4.9 percent over this year’s limits: Self-only
HHS 2021 Health Plan “Parameters” Raise Out-of-Pocket Maximums Read More »
On May 12, 2020, the IRS released Notice 2020-29, which provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020. The changes are designed to allow employers to respond to changes in employee needs as a result of the COVID-19 pandemic. This guidance relates to mid-year elections for
New COVID-19 Guidance for Section 125 Mid-year Election Change Rules Read More »
On May 12, the IRS released two notices allowing employees during 2020 to make changes to their enrollments in employer-sponsored health plans and to adjust pretax contributions to health flexible spending accounts (health FSAs) and dependent care flexible spending accounts (dependent care FSAs). These changes, which apply only to plan year 2020, had been advocated
IRS Allows Midyear Enrollment and Election Changes for Health Plans and FSAs Read More »
Employers may be considering changes to their group health plans in response to the ongoing COVID-19 pandemic. In some cases, health insurance issuers for fully insured plans may be initiating some of these changes to help individuals impacted by the pandemic. These changes may include: Waiving certain eligibility requirements for employees who have been furloughed
Updating Health Plans for Coronavirus Changes Read More »
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to provide $2.2 trillion in federal funding to address the COVID-19 crisis. The CARES Act makes a variety of changes affecting health plans. These changes include: Expanding the types of coronavirus testing that all health plans
CARES Act Makes Changes for Health Plans Read More »
As part of sweeping legislation—the Families First Coronavirus Response Act (FFCRA)—signed into law by President Trump on March 18, 2020, two laws were enacted that provide workers with paid leave for reasons related to the coronavirus (COVID-19) pandemic. The “Emergency Family and Medical Leave Expansion Act” allows 12 weeks of partially compensated FMLA leave to
Families First Coronavirus Response Act – Questions and Answers Read More »
As part of sweeping legislation—the Families First Coronavirus Response Act (FFCRA)—signed into law by President Trump on March 18, 2020, two laws were enacted that provide workers with paid leave for reasons related to the coronavirus (COVID-19) pandemic. The “Emergency Family and Medical Leave Expansion Act” allows 12 weeks of partially compensated FMLA leave to
Families First Coronavirus Response Act Notice – Frequently Asked Questions Read More »
During this time of uncertainty, our health providers have created web pages to keep you up to date in this ever changing times. Florida Blue https://www.floridablue.com/blog/covid-cases-confirmed-in-florida Aetna: https://www.aetna.com/individuals-families/member-rights-resources/covid19.html UHC https://www.uhc.com/health-and-wellness/health-topics/covid-19 Humana https://www.humana.com/coronavirus Ameritas Group https://my.visme.co/view/ojq8y8q4-covid-employer Ameritas Individual https://my.visme.co/view/ojq8yz91-covid-individual
Helpful Health Carrier Links When Dealing With Coronavirus Read More »
The coronavirus (COVID-19) outbreak has impacted a number of businesses across a variety of industries, forcing them to rethink their daily operations to ensure the safety of their employees and the general public. This is no different for construction firms, where multiple contractors and tradespeople on a job site may be working in the same
Protecting Your Workers From Coronavirus Read More »
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