2024 Pay or Play Affordability Percentage

HSA & HDHP Limits Increased for 2024

On May 16, 2023, the Internal Revenue Service (IRS) provided the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for the 2024 plan year. The IRS annually adjusts the following amounts and contribution limits to accommodate increases in spending: The maximum HSA contribution limit; The …

2024 Pay or Play Affordability Percentage

Telework and FMLA Eligibility

The Department of Labor (DOL) released a Field Assistance Bulletin (FAB) providing guidance on how eligibility rules are applied under the Family and Medical Leave Act (FMLA) when employees telework or work outside an employer’s facility. FMLA leave is provided by employers who have at least 50 employees. Eligible employees …

2024 Pay or Play Affordability Percentage

State ACA Reporting Deadlines

The Affordable Care Act (ACA) created federal reporting requirements for employers and health plans. These reporting requirements provide the government with information to administer ACA mandates, like the large employer shared responsibility penalty and the individual mandate. The ACA’s individual mandate, updated January 1, 2019, requires individuals to have minimum …

2024 Pay or Play Affordability Percentage

2023 PCORI Fee Amount

The Internal Revenue Service (IRS) issued Notice 2022-59 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount. This fee amount affects plan years ending on or after October 1, 2022, and before October 1, 2023, with the amount increasing to $3.00 multiplied by the average number of lives covered …

988 hotline one year after implementation

COVID-19, Flu, and RSV

During the fall and winter seasons, respiratory infections become more common as people spend more time indoors. Already, there has been an increase of COVID-19, flu, and respiratory syncytial virus (RSV) cases. Knowing the differences and similarities between these three will help you stay healthy and vigilant. Causes It is …