The IRS has announced the 2025 contribution limits for FSAs, Commuter Benefits, 401ks, and more, along with an increase in the FSA rollover limit for 2025. The updated limits, including the previously released HSA limits, are as follows: 2025 Flexible Spending Account (FSA) Plan Limits For the taxable years beginning in 2025, the limitation for […]
The IRS recently released its annual inflation adjustment to the percentage of household income used to determine whether an employer’s offer of health care coverage under the Affordable Care Act (ACA) is affordable. The good news for employers is that the percentage has significantly increased for 2025. For plan years beginning in 2025, the percentage […]
On Sept. 9, 2024, the U.S. Departments of Health and Human Services (HHS), Labor (DOL), and the Treasury (IRS) (collectively, the Departments) released new final rules implementing the Mental Health Parity and Addiction Equity Act (MHPAEA). The final rule updates the way the Departments determine whether health plans treat mental health and substance use disorder […]
In August, the FTC ban on non-compete agreements was struck down by a court stating that the FTC did not have the power to implement the ban and its application was too broad. The FDA approved new and updated COVID-19 vaccines for adults and children as part of the preventive care mandate for group health […]
The Inflation Reduction Act of 2022 (IRA) made changes to Medicare Part D to enhance benefits and enrollee cost savings, which may significantly impact whether employer sponsored prescription drug benefits continue to qualify as creditable coverage under Medicare Part D. Creditable coverage means that the employer’s prescription drug coverage is at least as good as Medicare Part D coverage. Employer Action Items Contact your carrier, TPA, […]
