Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2022 with the Department of Labor (DOL) by July 31, 2023. An employer may extend this deadline by two and one-half months (until Oct. 16, 2023) by filing IRS Form 5558 by July 31, 2023. This [...]
On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year. These limits include: The maximum HSA contribution limit; The minimum deductible amount for [...]
The U.S. Equal Employment Opportunity Commission (EEOC) recently released technical assistance focusing on preventing discrimination against applicants and employees because of employers’ use of algorithmic decision-making tools when making employment decisions. The document explains how key aspects of Title VII of the Civil Rights Act (Title VII) apply to an employer’s automated systems, including those [...]
HSA Limits for 2022 The following chart shows the health savings account (HSA) limits that will apply for 2022, along with the 2021 limits for comparison purposes. The IRS limits for HSA contributions increase for 2022. The out-of-pocket maximum limits for high deductible health plans (HDHPs) also increase for 2022. The minimum deductible limits for [...]
This Bulletin is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice. Design ©2020 Zywave, Inc. All rights reserved. NEWSLETTER To receive more HR articles and tips that keep you informed, sign up for our newsletter. [...]
With a growing percentage of the U.S. population fully vaccinated against COVID-19, many localities and employers have eased mask mandates and policies. However, due to the spread of an emerging variant of coronavirus known as Delta, these policies may still need updating; the Centers for Disease Control and Prevention (CDC) has now announced updates to [...]
On Dec. 10, 2020, the Department of Health and Human Services (HHS) issued a proposed rule that would make certain changes to the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule. The proposed changes are intended to: Support individuals’ engagement in their care; Remove barriers to coordinated care; and Reduce regulatory burdens on the [...]
The Consolidated Appropriations Act, 2021 (CAA), which was signed into law on Dec. 27, 2020, includes a $900 billion coronavirus relief package that provides funding to individuals and businesses. The CAA also includes many benefits and tax provisions affecting employers, group health plan sponsors, health benefits brokers and health insurance issuers. Some provisions are currently [...]
On April 28, 2020, the Departments of Labor (DOL) and the Treasury (Departments) issued deadline relief to help employee benefit plans, plan participants and plan service providers impacted by the COVID-19 outbreak. This Compliance Overview summarizes the participant deadline extensions affecting COBRA continuation coverage, special enrollment periods, claims for benefits, appeals of denied claims and [...]
