The U.S. Department of Labor has released its annual memorandum regarding the rate for Service Contract Act (SCA) Health and Welfare Fringe Benefits. The new rate of $4.48 per hour (up from the 2017 rate of $4.41 per hour) is required in all government contract bids or other service contracts awarded on or after July 11, 2018.
The SCA healt ... Read More
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The IRS announced late last week that the annual limit on deductible contributions to a health savings account will jump by $50 for individuals and $100 for families in 2019.
The annual limit on deductible contributions will be $3,500 for individuals with self-only coverage, a $50 increase from 2018, and $7,000 for family coverage, a $100 in ... Read More
The IRS has reversed their March 5 decision to lower the 2018 HSA family contribution limit. The $6,900 limitation as the maximum deductible HSA contribution for individuals with family coverage under a high-deductible health plan (HDHP) who contribute to an HSA will remain in effect for 2018.
The Internal Revenue Service (IRS) has issued Re ... Read More
Coming in May 2018, the EU will institute its landmark data privacy legislation, the General Data Protection Regulation (GDPR) - a piece of legislation that seeks to protect the personal data of EU citizens by regulating how organizations collect, store and process that data.
Unlike the Data Protection Directive adapted in 1995, which did no ... Read More
On March 5, 2018, the IRS announced a reduction in the amount that an individual with family coverage under a high deductible health plan (“HDHP”) can contribute to a health savings account (“HSA”) for 2018. The lowering of the contribution limit, announced in Revenue Procedure 2018-18, is made to reflect statutory amendments included ... Read More