HSAs-Industry News

2023 HSA and HDHP Limit Increases

The 2023 inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) were announced by the IRS. Each year the law requires the IRS to announce the limits by June 1st. These limits include the maximum HSA contribution limit, the minimum deductible amount for HDHPs, and the …

COVID-19 National Emergency Extended

President Biden announced the COVID-19 National Emergency will extend beyond March 1, 2022. It is important to note the public health emergency is different from the national emergency. The public health emergency was recently renewed on January 16, 2022 and extends for 90 days. The extension of the National Emergency …

Massachusetts’ COVID-19 Paid Sick Leave Employer Reimbursement

Massachusetts’ COVID-19 emergency paid sick leave program expired March 15, 2022. This law required employers to provide up to 40 hours of paid sick leave for certain COVID-19-related reasons. In late February, the Massachusetts Executive Office for Administration and Finance alerted employers that reimbursements for the program were reaching their …