Key HR Compliance Items You Can’t Miss in 2024
Employers must stay vigilant about upcoming regulatory updates affecting their employee benefit programs. Several key compliance items are on the horizon, with some that require immediate attention to ensure a smooth transition into the new year. Let’s look at the most important updates you need to be prepared for. Medicare Part D Changes Coming in […]
IRS Issues Affordability Percentage Adjustment for 2025
This alert is of interest to all applicable large employers (ALEs) – generally, those with at least 50 full-time equivalent employees. The Internal Revenue Service (IRS) has released Rev. Proc. 2024-35, which contains the inflation adjusted amounts for 2025 used to determine whether employer-sponsored coverage is “affordable” for purposes of the Affordable Care Act’s (ACA) […]
REMINDER: PCORI Fees Due By July 31, 2024
REMINDER: PCORI Fees Due By July 31, 2024 Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2024 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI) via Form 720, which was recently updated and released by the IRS. As background, […]
IRS Releases 2025 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits
In Rev. Proc. 2024-25, the IRS released the inflation-adjusted amounts for 2025 relevant to Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). The table below summarizes those adjustments and other applicable limits. 2025 2024 Change Annual HSA Contribution Limit (employer and employee) Self-only: $4,300 Family: $8,550 Self-only: $4,150 Family: $8,300 Self-only: +$150 […]
