On May 10, 2021, the IRS released the inflation-adjusted limits for HSAs and HDHPs for 2022. These limits include: (1) the maximum HSA contribution limit, (2) the minimum deductible amount for HDHPs, and (3) the maximum out-of-pocket expense limit for HDHPs. This Compliance Bulletin shows the new limits for 2022, as compared to the limits for 2021.
IT and engineering staffing companies need to monitor changes to their health insurance policies consistently. Understanding the fundamental changes to the ACA and their implications is required to avoid penalties and take advantage of Individual Coverage Health Reimbursement Arrangements (ICHRAs).
TechServe’s Health & Benefits Program team, along with a leading health plan underwriter, will provide an overview of the key changes to the ACA and their implications, address what coverage is required to avoid ACA penalties, the advantages of Individual Coverage Health Reimbursement Arrangements (ICHRAs), and offer an insider’s view of the health plan underwriting process.
On March 23, 2021, the Centers for Medicare & Medicaid Services (CMS) announced that it is extending access to a special enrollment period (SEP) through Exchanges on the federal www.HealthCare.gov platform due to the coronavirus (COVID-19) pandemic.
Tommy Poulin, TechServe Alliance’s Dedicated Health & Benefits Program Advisor recently received the Registered Employee Benefit Consultant® (REBC®) designation from The National Association of Health Underwriters.
On Feb. 18, 2021, the IRS released Notice 2021-15 to clarify special rules for health FSAs and DCAPs under the Consolidated Appropriations Act, 2021 (CAA). The Notice also provides additional mid-year election change relief for Section 125 cafeteria plans for plan years ending in 2021 and relief for amendments to health FSAs and HRAs regarding reimbursement of over-the-counter medications and menstrual products.
President Joe Biden has signed two executive actions to strengthen Americans’ access to affordable health care. Among the actions is an executive order aimed at expanding enrollment in the Affordable Care Act (ACA) and Medicaid, and a memorandum rescinding regulations on reproductive health access.
The Consolidated Appropriations Act, 2021 (CAA), which was signed into law on Dec. 27, 2020, includes many provisions affecting employers, group health plan sponsors, health benefits brokers and health insurance issuers. This Compliance Overview summarizes the employee benefits provisions relating to tax-favored accounts, surprise medical billing, health care transparency and mental health parity. It also includes various tax provisions that may be of interest to employers.
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To schedule a benefits discussion with Tommy Poulin, Benefits Advisor, click here.