FSA / HSA / HRA

It must be the holiday season. The IRS recently finalized new regulations providing that ALEs must furnish the Forms 1095-C to employees no later than 30 days after January 31st of each year. In the past, forms were due by January 31st unless an employer asked for an extension. It's now automatic.

Posted on December 15, 2022 By Kushner & Company
Categories: 
Administration, 
Benefits, 
Blog, 
COBRA, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
HR Compliance, 
Total Rewards

The IRS has now released all of the 2023 benefit limits on October 21, 2022. Earlier this year, they also released the High Deductible Health Plan (HDHP) and Health Savings Account (HSA) limits.

Posted on October 21, 2022 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Commuter Benefits, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
Profit Sharing, 
Qualified Small Employer HRA (QSEHRA), 
Retirement Plans, 
Total Rewards

The PCORI annual filing and fees were reinstated through 2029. That means that all employers (or their insurers in fully insured group health plans) must file the annual IRS Form 720 by July 31st of each year, regardless of their plan year.

Posted on May 26, 2022 By Kushner & Company
Categories: 
Administration, 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
HR Compliance

The IRS has now released all of the 2022 benefit limits. Earlier this year, they also released the High Deductible Health Plan (HDHP) and Health Savings Account (HSA) limits.

Posted on November 10, 2021 By Kushner & Company
Categories: 
401(k), 
Benefits, 
Blog, 
Commuter Benefits, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
Qualified Small Employer HRA (QSEHRA), 
Total Rewards

In a recent news release, the IRS reminds employers and employees that the cost of COVID-19 home testing is an eligible expense under a health care flexible spending account (FSA), health reimbursement arrangement (HRA), and health savings account (HSA).

Posted on September 13, 2021 By Kushner & Company
Categories: 
Administration, 
Benefit Card, 
Blog, 
COVID-19, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA)

In IRS Information Letter 2021-13, the agency reiterates that Flexible Spending Account claims paid on an FSA debit card must have the required substantiation containing all of the information normally required for a claim submitted for reimbursement through other means such as mail, e-mail, or fax.

Posted on July 27, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefit Card, 
Benefits, 
Blog, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA)

As we explained last year, funding for the Patient-Centered Outcomes Research Institute (PCORI) was supposed to end with filings and fees for plan years that began before October 1, 2018. Nope.

Posted on May 18, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA), 
Individual Coverage HRA (ICHRA), 
Qualified Small Employer HRA (QSEHRA)

Last year's Consolidated Appropriations Act and this year's American Rescue Plan provided employers optional flexibility for their Dependent Care FSAs. But they also created a potential tax hurdle. The IRS fixed (most all of) it.

Posted on May 11, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Team Rewards, 
Total Rewards

Starting in 2007, the Tax Relief and Health Care Act of 2006 (TRHCA) requires that the IRS release the upcoming year’s new HSA limits prior to June 1st. Thus, we now have the 2022 HSA limits.

Posted on May 10, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health Savings Accounts (HSA)

On March 11, 2021 President Biden signed the American Rescue Plan Act (ARPA). It contains many HR and benefit-related items, and in this post we’ll cover the temporary rules that apply only to 2021 for an increase in the limits for pre-tax Dependent Care Reimbursement Accounts (DCRAs).

Posted on March 18, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Administration, 
Blog, 
COVID-19, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
HR Policies and Procedures, 
Work / Life Balance

The US Department of Labor (DOL) is the responsible agency for overseeing compliance with ERISA, the Employee Retirement Income Security Act of 1974. Penalties for a variety of ERISA violations are contained within the law and are indexed annually for inflation. They've increased substantially.

Posted on February 22, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Administration, 
All Articles, 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA), 
HR Compliance, 
IRS Form 5500 Services (BDA), 
IRS Form 5500 Services (RPS), 
Retirement Plans

We provided information at the end of April, 2020 about the IRS' and DOL's determination that the "pause" button was hit on a number of regular timing and payment due dates relating to COBRA, health plan claims (including health care FSA claims), and HIPAA Special Enrollment Periods. Is it ending?

Posted on February 18, 2021 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
COBRA, 
COVID-19, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA)