Is COVID keeping you from the exercise you NEED?
September 17, 2020As much as we want to use our FSA funds to cover our monthly gym membership, it's not considered a qualifying expense. However, exercise…
Read MoreCOBRA -Timeframe Extensions During the National Emergency
June 11, 2020On April 28, 2020, the Internal Revenue Service (IRS) and the Department of Labor (DOL) released official guidance* that gives employees who were enrolled in their employer-sponsored…
Read MoreIRS Releases Updated PCORI Fees
June 10, 2020The Patient-Centered Outcomes Research Institute (PCORI) was authorizes by congress as part of the Patient Protection and Affordability Act of 2010. The funding for…
Read MoreIRS Releases 2021 Limits for HSAs
May 21, 2020The Internal Revenue Service announced new, adjusted for inflation, higher contribution limits for Health Savings Accounts for 2021 today. You’ll be allowed to contribute…
Read MorePCORI Fees Are Continued through 2029 But New Fees Are Uncertain
May 20, 2020As part of the Further Consolidated Appropriations Act of 2020 signed by the Trump Administration, PCORI fees were extended through September 30, 2029. However, employers should keep…
Read MoreIRS Relaxes Mid-Year FSA Elections, Extends Grace Period
May 15, 2020On Tuesday, May 12, the IRS published additional COVID-19 guidance for employer-sponsored healthcare benefits. Drafted to address unanticipated changes in medical and childcare costs…
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