Health plans that otherwise qualify as high-deductible health plans (HDHPs) won’t lose that status merely because they cover the cost of COVID-19 testing or treatment before plan deductibles have been met. That’s the word straight from IRS. And employees in those HDHPs can keep contributing to a health savings account (HSA). Feds expanded HDHP rules […]
The feds passed a $1.4 trillion spending bill in the last days of 2019, and it will drastically change the way you administer your company’s retirement plan.
Blink and you may have missed changes to some of the smaller fringe benefit limits.
Good news for companies that offer a high-deductible health plan (HDHP) and a health savings account (HSA) … and their employees. More preventive treatments and meds for chronic conditions will now be covered before employees satisfy their deductible. That’s thanks to IRS Notice 2019-45. A few examples of what’s now in-bounds: Medications: insulin (diabetes), beta-blockers […]
You’ve just been handed an alternative way to afford employee health insurance: Let them buy it themselves.
We haven’t even hit the halfway point in this year, but IRS already wants you to turn an eye to 2020, specifically when it comes to your company’s healthcare plan.
Suspect you made a misstep in your 401(k) administration? There’s now a greater chance you can correct that on your own, without ever having to get the Taxman involved.
Your payroll staffers are going to be busier than usual! The Department of Labor (DOL) just announced it’s updating the Fair Labor Standards Act regs that control the regular rate of pay.
Just when you’ve got the rules down, they pull the rug out from under you! In recent weeks the feds have made two surprise policy reversals. And if you don’t keep up, you’ll get caught short.