CMS Release on 2022 Medicare

On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 Medicare Part A and B premiums, deductibles, and coinsurance amounts. The 2022 Medicare Part D income-related monthly adjustment amounts were also announced. Medicare Part B Premium and Deductible Physician, outpatient hospital, certain hospital health services, …

IRS Announces 2022 Plan Limits

The Internal Revenue System (IRS) recently announced the 2022 dollar limits for employee benefits including: High Deductible Health Plans (HDHPS), Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Transportation Benefits, and Adoption Assistance. As cost-of-living expenses continue to rise due to inflation, the IRS annually adjusts contribution limits to accommodate …

Employers Reporting 2021 FFCRA Leave

On September 7th, 2021, the IRS issued Notice 2021-53 which provided guidance for employers on how to report sick and family leave wages for leave taken under the Families First Coronavirus Relief Act (FFCRA). Employers who claim tax credits for leave wages under relevant legislation need to report qualified 2021 …