Health Savings Accounts (HSA)

The U.S. Department of Labor (DOL) recently published an Information Letter that confirms the general preemption under ERISA of state civil laws that require employers to obtain written consent before withholding amounts from employees’ wages for contribution to a benefit plan subject to ERISA.

Posted on February 18, 2019 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
COBRA, 
Compensation, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
HR Policies and Procedures, 
Retirement Plans, 
Team Rewards

In a recent article published by SHRM, our President and CEO Gary Kushner was cited as the main resource on dealing with active employees and their dependents upon their reaching Medicare-eligibility. Kushner mentioned many issues related to employer-based health and prescription drug benefits.

Posted on February 15, 2019 By Kushner & Company
Categories: 
Benefits, 
Blog, 
COBRA, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
HR Policies and Procedures, 
Individual Coverage HRA (ICHRA), 
Qualified Small Employer HRA (QSEHRA), 
Team Rewards

On December 14, 2018, a US District Judge in Texas issued a ruling that the entire ACA was unconstitutional given that the individual mandate contained in it no longer had a tax penalty, the basis of the 2012 US Supreme Court ruling upholding the ACA's constitutionality. 

Posted on December 17, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
COBRA, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
HR Policies and Procedures, 
Individual Coverage HRA (ICHRA), 
IRS Form 5500 Services (BDA), 
Qualified Small Employer HRA (QSEHRA), 
Team Rewards

The IRS has announced the limits for employee benefit plans for 2019.

Posted on November 15, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Combo Plans, 
Compensation, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
Money Purchase, 
Plan Document Services (BDA), 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Team 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.

Posted on May 14, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
Team Rewards

In May, 2017, the IRS released the 2018 HSA contributions limits in Rev Proc 2017-37, amongst other HSA-related indexed numbers, stating that the maximum contribution for those in family HDHP coverage would be $6,900.

Posted on April 26, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
Summary Plan Descriptions, 
Team Rewards

On March 5, 2018, the IRS published Internal Revenue Bulletin (IRB) 2018-10. Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900.

Posted on March 6, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
Team Rewards

With IRS Notice 2017-64, we now have the applicable retirement and health and welfare benefit limits for 2018. Many (but not all) have increased from 2017. Earlier this year, the IRS announced the 2018 Health Savings Account (HSA) limits and plan designs.

Posted on October 23, 2017 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Combo Plans, 
Defined Contribution Plan, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
Retirement Plans, 
Team Rewards

In his January 13, 2017 Op-Ed piece, David Brooks argues that health care markets can, but don't often work when consumers "purchase" health care. He's not talking about health care coverage, but the actual receipt of health-related services.

Posted on January 16, 2017 By Gary B. Kushner, SPHR, CBP, President
Categories: 
Benefits, 
Blog, 
COBRA, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
HR Policies and Procedures, 
Team Rewards, 
Total Rewards