by Flexible Benefit Administrators, Inc. | Nov 10, 2021 | IRS Update, News & Updates
The IRS Released Revenue Procedure 2021-45 just now announcing the limits for 2022. Most limits for tax-advantaged accounts did increase for the upcoming year. The HSA Limits and HDHP Limits were announced earlier this year in Revenue Procedure 2021-25. The new limits...
by Flexible Benefit Administrators, Inc. | Oct 18, 2021 | IRS Update, News & Updates
Recently, the IRS published clarification regarding timeframes under specific Emergency Relief Notices to COBRA elections and premiums payments during the Pandemic. A transition rule provides that in no event will an initial COBRA premium payment be due before...
by Brandee | May 12, 2021 | IRS Update, News & Updates
The IRS announced the new limits for Health Savings Accounts (HSAs) are going up $50 for individual coverage and $100 for family coverage, bringing them to $3,650 and $7,300, respectively. The catch-up contribution limit for those over age 55 will remain $1,000. Each...
by Landon Browning III | Mar 26, 2021 | IRS Update, News & Updates
On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA) was signed by President Biden. ARPA is a $1.9 trillion economic stimulus package proposed by Biden to speed up the United States’ recovery from the economic and health effects of the COVID-19...
by Landon Browning III | Jan 8, 2021 | IRS Update, News & Updates
Sunday December 27th, 2020 President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. The CAA includes $900 billion of COVID relief measures. Highlighted below are sections of the bill that affect health and welfare plans – as well as next...
by Landon Browning III | May 20, 2020 | News & Updates
The following is information regarding the changes in COBRA Coverage. To see a detailed version please click the following link. https://www.govinfo.gov/content/pkg/FR-2020-05-04/pdf/2020-09399.pdf III. Relief A. Relief for Plan Participants, Beneficiaries,...
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