The IRS released the 2022 Health Savings Account (HSA) contribution limits, the minimum required HDHP deductibles, and the HDHP out-of-pocket maximums.  Each year, the IRS reviews these figures based on a cost-of-living adjustment.  The figures below pertain to HSAs and HSA-qualified High Deductible Health Plans. 2022 Annual HSA Contribution Limits Single:  $3,650 ($50 increase from…

Read More

The Lift Project is an educational program designed to support individuals on how to lift their mood and their life.  The Lift Project involves 10 fascinating lessons, taken over 10 weeks. Participants learn and experience scientifically proven ways to feel better and live more! Employees and Leadership completed their coursework and as part of the…

Read More

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA).  As part of the ARPA, several provisions were included that relate to the continuation of insurance benefits, known as COBRA (Consolidated Omnibus Budget Reconciliation Act).  Specifically: There is a 100% Medical, Dental and Vision (not FSA) premium subsidy for those…

Read More

On December 27, 2020, President Trump signed the year-end spending bill.  In that bill included language that makes Flexible Spending Accounts (FSAs) temporarily more advantageous.  The temporary rule: Allows plans to permit Health FSAs and Dependent Care FSAs to carryover unused benefits, up to the full annual amount, from 2020 to 2021, and from 2021…

Read More

The IRS announced that the maximum FSA contribution limit for 2021 will not change from 2020, and remain at $2,750. The limit is based on the employee and not the household.  If an employee and spouse both have access to their own FSA through their respective employers, they are each eligible to contribute up to…

Read More

Below is a summary of the details and guidance regarding New York’s new paid sick leave law.  As of now, there is little formal guidance outside of the statutory language itself.  However, as the effective date approaches, we expect regulatory or other guidance from the New York Department of Labor to be issued in the…

Read More