November 10, 2021
2022 Medical FSA, QTA, QSEHRA and HSA limits - The IRS has announced that the 2022 annual salary reduction limit for Medical FSAs is $2,850; an increase of $100.00 over the 2021 limit. The annual maximum for Dependent Care FSAs is $5,000 or $2,500, depending upon federal tax filing status. The Medical FSA Carryover limit increases from $550 to $570. The monthly maximum available under Transit and Parking Account plans increases from $270 to $280 while the maximum annual benefit available under a QSEHRA increases to $5,450 (employee only) and $11,500 (family). As a reminder, the annual 2022 maximum contributions for Health Savings Accounts are $3,650 (employee only) and $7,300 (family). The HSA Catch-up contribution remains steady at $1,000. The Compliance Alert we distributed can be found here.
May 20, 2021
DOL Issues Additional COBRA Subsidy Guidance - The Department of Labor just posted another set of FAQs regarding the American Rescue Plan's COBRA subsidy program. Click here for more information. Our COBRA Team is reviewing the notice with our technology partner to ensure that we are well-prepared to manage all aspects of this additional guidance.
May 10, 2021
2022 Health Savings Account Limits - The IRS recently announced updated Health Savings Account maximums for the 2022 calendar year.

The HSA annual contribution limit for those with individual coverage has increased from $3,600 to $3,650. The family contribution limit has increased from $7,200 to $7,300. The 2022 minimum statutory deductible for an HSA-qualified High Deductible Health Plan is $1,400/Single and $2,800/Family, the 2022 out-of-pocket limit for these plans is $7,050/Single and $14,100/Family. The 2022 HSA Catch-up contribution remains steady at $1,000.

March 26, 2021
Personal Protective Equipment Eligible for Tax-Free Reimbursement - On March 26, 2021, the IRS released Announcement 2021-7 making amounts paid for personal protective equipment for the primary purpose of preventing the spread of COVID-19 eligible under IRS Code Section 213(d). As such, participants in Medical Flexible Spending Accounts, Health Savings Accounts and 213(d) Health Reimbursement Arrangements can be reimbursed for face masks, hand sanitizer and and sanitizing wipes.
March 13, 2021
American Rescue Plan Act (ARPA) - On Thursday, March 11th, President Biden signed the American Rescue Plan Act (ARPA) into law. Our most recent Compliance Alert describes the impact the new law has on COBRA and Dependent Care benefits.