Entries for May 2019

The Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI) to explore the effectiveness, risks and benefits of medical treatments. The fees are to be collected for plan years and policy years that end after September 30, 2012, and before October 1, 2019.  All non-excepted employer sponsored health plans need to pay PCORI Fees by July 31st.  If the plan is fully insured, the carrier is responsible for paying the fee. If the pla... Read more
The IRS announced the HSA limits for 2020. The new single maximum contribution limit is increasing to $3,550 and the family maximum is increasing to $7,100. The released amounts for 2020 HSA contributions, maximum out of pocket limits, and minimum deductible limits for High Deductible Health Plans (HDHPs) are listed below.  Please reach out to your Business Benefit team for any questions. 2020 HSA Contribution Limits:      ... Read more