On December 29, 2022, the Consolidated Appropriations Act, 2023 (CAA) was signed into law. This allows high deductible health plans (HDHPs) to offer benefits for telehealth and other remote services prior to meeting the deductible without jeopardizing health savings account (HSA) eligibility. Plan years between December 31, 2022, and January …
Understanding Health Plan Offerings
In order to make informed benefit decisions, you need to understand each of your options. Some plans will require referrals, a primary care physician (PCP), or include a specific network of providers. Understanding what a plan offers will allow you to use your benefit to its fullest capacity. Health …
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 …