McDermott Will & Emery Employee Benefits

MAY 9, 2024

The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2024-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2025.

Health Savings Account 105

Health Savings Account Deductible Deductions Employee Benefits 105

McDermott Will & Emery Employee Benefits

MAY 9, 2024

On April 10, 2024, the Centers for Medicare & Medicaid Services (CMS) posted the Hospital Inpatient Prospective Payment System (IPPS) proposed update for fiscal year (FY) 2025, along with proposed policy and regulation changes.

Hospitality 98

Hospitality Employee Benefits Health and Welfare 98

McDermott Will & Emery Employee Benefits

DECEMBER 12, 2024

With the 2025 plan year right around the corner, this is the ideal time for plan sponsors to ensure that plan operations comply with evolving legislative and regulatory requirements. This client alert highlights important regulatory changes that will impact retirement plans and health and welfare plans in the coming year.

Health and Welfare 52

Health and Welfare Retirement Plan Employee Benefits 401(k) 52

McDermott Will & Emery Employee Benefits

MARCH 21, 2024

On January 31, 2024, the US Centers for Medicare & Medicaid Services (CMS) released the Advance Notice of Methodological Changes for Calendar Year (CY) 2025 for Medicare Advantage (MA) Capitation Rates and Part C and D Payment Policies. CMS also released a press release and fact sheet.

Out of Pocket Cost 103

Out of Pocket Cost Employee Benefits Health and Welfare Manufacturing 103

McDermott Will & Emery Employee Benefits

MAY 23, 2024

The New York State fiscal year 2024 – 2025 budget institutes a new tax on health plans, including insurers and managed care organizations. This tax has been garnering attention for its promise to yield $4 billion for New York State.

Taxes 98

Taxes Insurance Employee Benefits Health and Welfare 98

McDermott Will & Emery Employee Benefits

NOVEMBER 5, 2024

The Internal Revenue Service (IRS) has announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2025. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2025. See the amounts here.

Government 52

Government Employee Benefits Employment Health and Welfare 52

McDermott Will & Emery Employee Benefits

MAY 7, 2024

On April 1, 2024, the Centers for Medicare & Medicaid Services (CMS) released the Announcement of Calendar Year (CY) 2025 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies, otherwise known as the rate announcement.

Employee Benefits 105

Employee Benefits Health and Welfare 105