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IRS Announces 2023 Limits for HSAs, HDHPs and Excepted Benefit …

Revenue Procedure 2022-24 . For 2023, the HSA contribution limit for a self-only HSA is $3,850 (a $200 increase from calendar year 2022) and $7,750 for a family HSA (a $450 increase from calendar year 2022). To qualify as an HDHP in 2023, a plan must have a minimum annual deductible of at least $1,500 for self-only coverage (a $100 increase

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URL: https://www.wagnerlawgroup.com/blog/2022/05/irs-announces-2023-limits-for-hsas-hdhps-and-excepted-benefit-hras/

Merger and Acquisition Considerations for Employee Benefit Plans

WebIn the context of mergers and acquisitions, an acquisition target’s qualified retirement plans, health plans, executive compensation arrangements, and benefit …

Category:  Health Go Health

IRS Releases Revised Guidance on Medical and Dependent Care …

Webby WLG | Mar 1, 2022 |. The IRS has released the 2021 editions of Publication 502, “Medical and Dental Expenses” and Publication 503, “Child and Dependent Care Expenses.”. …

Category:  Medical Go Health

IRS Issues Guidance to Clarify Health Reimbursement …

WebThe IRS has issued proposed regulations to clarify the application of the ACA’s employer shared responsibility provisions under Section 4980H of the Internal Revenue …

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Relative of 2-Percent Shareholder May Deduct Cost of Health …

WebHealth insurance premiums paid by an S corporation for its 2-percent shareholders (including the above family members), in consideration for services …

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IRS Releases 2023 Welfare Benefit Plan Limits

WebThe IRS previously released (in Rev. Proc. 2022-24) the inflation-adjusted limits related to HSAs and high deductible health plans (“HDHPs”) for calendar year …

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IRS Releases Guidance Denying Favorable Tax Treatment to …

WebIRS has released guidance, in the form of Chief Counsel Memorandum Number: 202323006 (the “Memorandum”), denying favorable tax treatment to wellness …

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FSA Debit Card Substantiation Rules

WebThe IRS has released Information Letter 2021-0013 to reconfirm the substantiation rules for debit card use in health care flexible spending account plans …

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Defining the Limits of Broad, Complete ERISA Preemption in …

WebComplete ERISA preemption differs from express, conflict ERISA preemption because it allows removal of a case sitting in state court to federal court. It is black letter …

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EEOC Explains Application of ADEA to ICHRAs

WebOn January 7, 2021 the Equal Employment Opportunity Commission (“EEOC”) issued an opinion letter explaining the application of the Age Discrimination in Employment Act …

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New Laws Impact ACA and Employer-Sponsored Health Plans

WebThe PCORI fee requires insurers and employers with self-funded group health plans to pay an annual fee to fund PCORI research. The Act extends the ACA’s PCORI …

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2024 ACA Out-of-Pocket Limits

Web2024 ACA Out-of-Pocket Limits. The U.S. Department of Health and Human Services (HHS) has announced the inflation-adjusted maximum out-of-pocket (OOP) limits that will apply …

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2021 ERISA/EMPLOYEE BENEFITS LEGAL COMPLIANCE CHECKLIST

Web2021 ERISA/EMPLOYEE BENEFITS LEGAL COMPLIANCE CHECKLIST. On Behalf of The Wagner Law Group | Dec 14, 2021 |. Tax Qualified Plans. Plan …

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EEOC Issues Proposed Regulations on Employer Wellness Programs

WebThe Equal Employment Opportunity Commission (“EEOC”) has issued two sets of proposed regulations that would change certain rules on how employer …

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IRS Provides Guidance on the Definition of “Medical Expenses”

WebThe IRS has issued a series of Frequently Asked Questions (“FAQs”) to provide guidance as to whether certain costs related to nutrition, wellness, and general …

Category:  Nutrition Go Health

Departments Propose Regulations on Short-Term Limited Duration

WebBy Dannae Delano, Roberta Casper Watson and Barry Salkin. On July 7, the Departments of Health and Human Services, Labor, and Treasury (the “Departments”) …

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HHS Increases Civil Monetary Penalties for Certain HIPAA and ACA …

WebThe Department of Health and Human Services (“HHS”) has published updated civil penalties. The new penalty amounts, which became effective March 17, …

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Departments Consider Potential Safe Harbor for Nonquantitative

WebBy Dannae Delano, Roberta Casper Watson and Barry Salkin. On July 25, the Departments of Treasury, Labor, and Health and Human Services (the “Departments”) …

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Church Plans Revisited

WebCatholic Health Initiatives, 877 F. 3d 1213 (10th Cir. 2017), where the Court of Appeals for the Tenth Circuit applied a three-part test to determine whether a plan …

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