Latest News and Alerts

May 20, 2021
DOL Issues Additional COBRA Subsidy Guidance - The Department of Labor just posted another set of FAQs regarding the American Rescue Plan's COBRA subsidy program. Click here for more information. Our COBRA Team is reviewing the notice with our technology partner to ensure that we are well-prepared to manage all aspects of this additional guidance.
May 10, 2021
2022 Health Savings Account Limits - The IRS recently announced updated Health Savings Account maximums for the 2022 calendar year.

The HSA annual contribution limit for those with individual coverage has increased from $3,600 to $3,650. The family contribution limit has increased from $7,200 to $7,300. The 2022 minimum statutory deductible for an HSA-qualified High Deductible Health Plan is $1,400/Single and $2,800/Family, the 2022 out-of-pocket limit for these plans is $7,050/Single and $14,100/Family. The 2022 HSA Catch-up contribution remains steady at $1,000.

March 26, 2021
Personal Protective Equipment Eligible for Tax-Free Reimbursement - On March 26, 2021, the IRS released Announcement 2021-7 making amounts paid for personal protective equipment for the primary purpose of preventing the spread of COVID-19 eligible under IRS Code Section 213(d). As such, participants in Medical Flexible Spending Accounts, Health Savings Accounts and 213(d) Health Reimbursement Arrangements can be reimbursed for face masks, hand sanitizer and and sanitizing wipes.
March 13, 2021
American Rescue Plan Act (ARPA) - On Thursday, March 11th, President Biden signed the American Rescue Plan Act (ARPA) into law. Our most recent Compliance Alert describes the impact the new law has on COBRA and Dependent Care benefits.
December 29, 2020
FSA Relief Included in Latest Pandemic Legislation - The Consolidated Appropriations Act of 2021 was signed into law on December 27th. The Act includes a number of optional features that sponsors of Flexible Spending Account Plans may choose to implement. Read all about it in our latest Compliance Alert.
May 26, 2020
Additional Guidance for Section 125 Plans - The IRS recently released Notice 2020-29 and Notice 2020-33. Our summary of how these notices impact your Code Section 125 plan can be found in our latest Compliance Alert
April 30, 2020
IRS & DOL Issue Joint Guidance - The Department of Labor and the IRS have issued joint guidance on the extension of certain employee benefit plan deadlines. Please read our Compliance Alert for a summary of this guidance.
March 31, 2020
CARES Act Reverses Rx Requirement for OTC Items - The CARES Act was signed into law on Friday, March 27, 2020. The Act removes the requirement for participants in tax-advantaged accounts (FSAs, HSAs and certain types of HRAs) to obtain a prescription in order to be reimbursed for Over-the-Counter drugs and medicines. Menstrual Care items are now eligible for tax-free reimbursement as well. Please read our Compliance Alert for specific details. An updated list of eligible expenses can be found here.

As a reminder, our staff is deployed and there is no disruption to our normal processes or reimbursement schedule. We wish you good health during this unique time. Take care!