IRS Announces 2019 FSA Contribution Limit Increase
…Annual Limit Health FSA $2,700 $2,650 Limited Purpose FSA $2,700 $2,650 Dependent Care FSA $5,000 (no change) $5,000 2019 Transit and Parking Contribution Limits In addition to the FSA limit…
Search Results for: change of status
Whitepaper: How TPAs Can Boost Profits and Balance Their Workload Through Platform Efficiency
…TPA’s workflow. When a comprehensive platform utilizes a singular record, there is no need to ensure each change is updated in multiple places. A change on the CDH side saves…
Cadillac Tax in Limbo Until 2022
…and Health Reimbursement Arrangements (HRAs) – will also figure into the equation. Guidelines for determining the taxable/nontaxable status of a particular coverage is subject to interpretation by the Internal Revenue Service…
Whitepaper: Why Employers Should Consider Outsourcing Benefits Administration
…million3 – a substantial risk for any employer. Nondiscrimination testing – For many benefits, employers enjoy a tax-favored status, so long as the plan meets certain requirements. As such, plan…
House of Representatives Passes American Health Care Act
…the bill has wide-ranging implications, the following only discusses changes applicable to employer taxes and tax-advantaged accounts. The passed legislation did not change from the original AHCA proposal from March…
HRA vs HSA – What’s the Difference?
…can transfer it when he or she changes jobs. Account holders may also invest their HSA funds once the account reaches a minimum threshold. Another noteworthy difference is how each…
HSA Excess Contributions – What Should You Do?
…the end of the year. Either situation makes you eligible for less than the full year, which can cause an HSA excess contribution. Contribution limits can also change depending on…
How to Spur HSA Adoption and Ease the Financial Worries of Employees – DataPath Whitepaper
Employers may be switching to HDHPs and HSAs, but there are still some barriers to employees embracing the change. A lack of understanding and confusion about cost shifting are among…
2018 FSA Contribution Limits and Other Benefit Increases Published by IRS
…from 2017. This information is valuable during enrollment season, when employees are signing up for their benefits for the following year. For FSAs, participants can change their election amounts for…
Effective Benefits Strategies for a Multi-Generational Workforce – DataPath Whitepaper
…21st century, are beginning their careers. Rapid changes in technology throughout the 20th and early 21st century, cultural forces, and personal experiences, uniquely shaped each generation. Given these factors, there…
Transparency in Healthcare: Patients and Government Push for Better Pricing and Quality
…key players in the industry, they probably couldn’t provide an accurate estimate even if they wanted to. The Push for More Transparency Transparency in healthcare began to change with the…
Updating Your Employee Benefits Strategies for the Modern Workforce
…workforces. Instead, employers should poll employees to find out where the current plan isn’t meeting their needs and what needs to be changed. Data analytics can play a key role…
HSA and COBRA – Portability, Premiums, and Contributions
…with an HSA is that it’s portable; you own the account no matter your job status or if you leave your employer. You can also use your HSA if you…
HRA Plan Types: A Breakdown (Infographic)
…ICHRA alongside a traditional group plan as long as both options aren’t offered to the same class of employees Some employees may be excluded, based on job status or geographic…
Cloud-based COBRA Administration Software with Summit
…of all status changes and stay current on key compliance dates, including communications, payments, and other important COBRA events. With Summit, there is no need for additional COBRA software. Streamlined…
