Get the most out of an HRA Health reimbursement arrangements (HRAs) are a great way to offer benefits within a budget, but did you know that this benefit can be provided to retirees? With an HRA for retirees, participants use employer funds to help pay…
Some flexible spending account (FSA) participants have the unfortunate experience of forfeiting or losing unused funds from their Health Care FSA and/or Dependent Care FSA. In our experience, this…
Many parents enroll their children in camps during the summer months and it’s the season for questions about how Dependent Care Flexible Spending Accounts (FSAs) can be used for summer camp expenses. Summary Day camp expenses are eligible…
On Tuesday, 05/18/2021, the Internal Revenue Service (IRS) released IRS Notice 2021-31, which includes additional guidance about the application of the COBRA premium assistance provisions in…
On Monday, 05/10/2021, the IRS released a notice that impacts recent Dependent Care flexible spending account (FSA) relief. It’s important to review recent legislation when considering this announcement.
The Internal Revenue Service (IRS) has released Revenue Procedure 2021-25 that provides the health savings accounts (HSA) limits and excepted benefit health reimbursement arrangements (EBHRA) for 2022. The 2022 amounts for HSAs as compared…
On March 17, 2021, the Treasury Department and Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year is automatically extended from April…
The Internal Revenue Service (IRS) released Announcement 2021-7 on March 26, 2021. It states that amounts paid for personal protective equipment (PPE) for the primary purpose of preventing the…
On February 26, 2021, the Department of Labor (DOL) released guidance on the duration of deadline extensions provided under a joint rule issued with the Internal Revenue Service (IRS) in April of 2020.
Each year, entities providing prescription drug coverage to Medicare Part D eligible individuals must disclose to Centers for Medicare and Medicaid Services (CMS) whether the coverage is creditable prescription drug coverage. Creditable coverage means that the...