Category: Compliance Alert

IRS Increases Health FSA Contribution Limitfor 2018, Adjusts Other Benefit Limits

October 20, 2017, the Internal Revenue Service released Revenue Procedure 2017-58,which raises the health Flexible Spending Account (FSA) salary reduction contributionlimit by $50 to $2,650 for plan years beginning in 2018. The Revenue Procedure alsocontains the cost-of-living adjustments that apply to dollar limitations in certain sections ofthe Internal Revenue Code. The following summarizes other adjustments […]

Cadillac Tax & “HIT” tax Delayed

As you may have heard, yesterday President Obama signed into law an omnibus spending appropriations bill, and contained in this were several significant changes to the “Cadillac Tax” section of the Affordable Care Act. Here are the highlights: The effective date of the Cadillac Tax has been delayed until January 1, 2020 Any excise tax […]

PCORI Fees Due by July 31st

What is PCORI? The Patient Centered Outcomes Research Institute (PCORI) is an organization established by the Patient Protection and Affordable Care Act (PPACA) aimed at giving patients a better understanding of the prevention, treatment, and care options available, and the science that supports those options. The final rule issued by the IRS, applies to both […]