New Reporting and Compliance Requirements in 2022
…out-of-pocket costs. Deadline for submission to HHS is initially December 27, 2022, and then by June 1st each year thereafter. PCORI Fee Change For plan years that end on or…
…out-of-pocket costs. Deadline for submission to HHS is initially December 27, 2022, and then by June 1st each year thereafter. PCORI Fee Change For plan years that end on or…
…make changes. If employees don’t use all their FSA funds within the plan year, they may be able to carry over 20% to the next year (if the plan allows…
…qualified medical expenses are tax-free. That can add up! 3. Flexible Contributions With an HSA, you can change the amount you contribute during the plan year. For instance, if you…
…savings account. You can keep and use the money even if your employment status changes. In addition, there are several ways to grow the account over your lifetime. As you…
…costly medical intervention. Ruled Changed Due to Executive Order on Medical Price Transparency This rule change is made pursuant to the Executive Order on medical price transparency signed by President…
…develop software platforms to manage account-based plans such as FSAs, HSAs, and HRAs in addition to COBRA administration and payment solutions. Additional organizational changes that support the company’s client-focused approach…
…Experience and expertise – Do they have industry-specific expertise, and how much experience do they have? Flexibility – Is the provider flexible? For example, if the TPA changes its administration…
…for Millennials. Generation Y, more commonly called Millennials, were born between 1981 and 1996. Millennials experienced rapid technological changes and grew up in an era of Microsoft and Apple, a…
…Flexible Spending Accounts (FSAs) are the oldest type of tax-advantaged CDH account, and still the most popular among employers, the winds have begun to change. For example, although 63 percent…
…recently published a whitepaper and presented a webinar detailing the ACA’s timeline, provisions and the affect on consumer-directed healthcare accounts. The one constant with the ACA has been change. “The…