IRS Reduces 2018 HSA Contribution Limit

By | Uncategorized | No Comments
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

New Tax Law Provisions Affect Employee Benefit Programs

By | ACA, Affordable Care Act, Benefits Administration, FMLA, Government Contact | No Comments
The Tax Cuts and Jobs Act (the “Act”) recently enacted by Congress will soon become effective. The primary focus of the new law is the reduction of corporate and individual income taxes. Nevertheless, a number of provisions of the Act affect employee benefit programs, which are summarized below. Except as otherwise noted, these employee be ... Read More

IRS Raises FSA Limits, Other Benefits for 2018

By | Fringe Benefit, Government Contractors, Healthcare and Welfare, Hour & Wage, IRS, Uncategorized, Wellness Incentive | No Comments
The IRS just released the 2018 Cost-of-Living Adjustments (COLAs) for a variety of tax-related limits. The changes, as outlined in Revenue Procedure 2017-58, featured several notable adjustments employers should be aware of: Employees will be able to contribute up to $2,650 to a health flexible spending account (FSA), a $50 increase from 2 ... Read More