InterWest Insurance Services

DECEMBER 9, 2021

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Here’s a list of what to expect in 2022. That comes to an end Dec. 31, 2021, and for plan years that start on or after Jan.

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductible 98

WEX Inc.

MAY 8, 2023

PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP.

Deductible 97

Deductible Deductions Health Savings Account Employee Enrollments 97

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

On December 15, 2022, the Internal Revenue Service (“IRS”) published final regulations that make permanent certain relief and changes relating to the Affordable Care Act (“ACA”) reporting requirements. Thus, ALEs will still have to furnish the applicable forms to full-time employees in the traditional manner.

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

WEX Inc.

JULY 20, 2023

Nearly two-thirds of large employers offer their employees a choice between an HSA-eligible health plan (also known as a high-deductible health plan ) and a traditional health plan. Smaller employers may face challenges in providing these options, although participants have said they are interested in these health plan choices. “I

Deductible 75

Deductible Deductions Flexible Spending Account Health Savings Account 75

Griffin Benefits

OCTOBER 13, 2022

Earlier this year the IRS announced proposed regulations extending ACA affordability to other tiers of employer-sponsored group medical coverage (employee + child/spouse, family, etc.). Previously, ACA affordability was based solely on the employee-only tier of coverage. EMPLOYERS ARE NOT EXPOSED TO NEW PENALTY RISKS.

Taxes 92

Taxes Employee Enrollments Consulting Medical 92

Business Management Daily

SEPTEMBER 9, 2021

FSAs are primarily funded by employees through pretax deductions, although employers may make contributions. Tax advantage: Employees’ and employers’ contributions are excluded from employees’ wages and aren’t subject to income or FICA taxes. Eligibility: FSAs are generally available only to current employees.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Employment Flexible Spending 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2022

While the proposed regulations technically would become effective for coverage in calendar years beginning January 1, 2022, the IRS has indicated that reporting entities may rely on them starting with the reports due for 2021 (provided to covered individuals and employees in 2022). January 31, 2022 . March 2, 2022.

Electronics 52

Electronics Insurance Employee Enrollments Taxes 52