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 Deductions 98

WEX Inc.

MAY 8, 2023

Typically, an employee enrolled in a PPO will have higher premiums and a lower deductible than an employee enrolled in an HDHP. For example, the 2022 PPO employee-only deductible averaged $1,322 and the 2022 HDHP annual deductible limit was $1,400 for an individual. It is not legal or tax advice.

Deductions 97

Deductions Deductible 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. by March 2, 2023 for the 2022 forms). The reporting entity must furnish a copy of the form within 30 days of a request.

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Griffin Benefits

OCTOBER 13, 2022

For purposes of affordability, family members only include children who are tax dependents. Unless C is still considered a tax dependent of S1 & S2, C would not be considered an eligible family member for purposes of affordability. In the final example, on the bottom row, assume C is 24 rather than 14 years of age.

Taxes 92

Taxes Employee Enrollments Consulting Medical 92

WEX Inc.

JULY 20, 2023

More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental. However, not all employees are offered these benefits. It is not legal, financial, or tax advice.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

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