Remove Health and Welfare Remove Health Savings Account Remove Taxes
article thumbnail

IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

McDermott Will & Emery Employee Benefits

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

article thumbnail

17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Payroll deductions This item spells out each of the deductions the company withholds, including federal, state, and local taxes and other things, including voluntary deductions for benefits. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

High Deductible Health Plan Telehealth Relief, Extended Again!

Snell & Wilmer Benefits

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! The relief allows, but does not require, HDHPs to provide telehealth and other remote care services on a pre-deductible basis without making participants health savings account (“HSA”) ineligible.

article thumbnail

High Deductible Health Plan Telehealth Relief, Extended Again!

Snell & Wilmer Benefits

If you sponsor a high deductible health plan (“HDHP”) and have been tracking telehealth relief, your head may be spinning and rightfully so! The relief allows, but does not require, HDHPs to provide telehealth and other remote care services on a pre-deductible basis without making participants health savings account (“HSA”) ineligible.

article thumbnail

The Open Enrollment 2019 Season is Coming (But Don’t be Afraid)

Corporate Synergies

There may be new health & welfare benefits offerings that require employees to pay close attention during the decision-making process. Employers with multiple generations of workers must accommodate a wide range of health and welfare benefits needs. Bottom Line: Employee Health and Peace of Mind.

article thumbnail

Down to the Wire: Will We Have HSA with Pre-Deductible Telehealth in 2025?

Proskauer's Employee Benefits & Executive Compensa

For more details on what this means for high-deductible health plan sponsors, read below. * * * The telehealth services safe harbor for high deductible health plans (HDHPs) will expire for plan years starting on or after January 1, 2025, absent Congress passing legislation extending or making the safe harbor permanent.