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IRS Announces HSA Limits for 2020 | PA Benefits Advisors

On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses. To be eligible for an HSA, an employee: Must be covered … Continued

IRS Announces 2019 Retirement Plan Contribution Limits | Pennsylvania Employee Benefits

On November 1, 2018, the Internal Revenue Service (IRS) released Notice 2018-83 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2019. Many pension plan limits will change next year because the increase in the cost-of-living index has met the statutory thresholds that trigger their adjustment. Other items, … Continued

PCORI Fee Increase for Health Plans | PA Benefits Consultants

On November 5, 2018, the Internal Revenue Service (IRS) released Notice 2018-85 to announce that the health plan Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending between October 1, 2018 and September 30, 2019 will be $2.45 per plan participant. This is an increase from the prior year’s fee of $2.39 due to … Continued

Health Plan PCORI Fees Are Due July 31 | Duncansville Employee Benefit Firm

Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or HRA is subject to the annual Patient-Centered Research Outcomes Institute (PCORI) fee? This article answers frequently-asked questions about the PCORI fee, which plans are affected, … Continued

Federal Employment Law Update – March 2018 | PA Employee Benefit Brokers

EEO-1 Reporting and Employees Who Regularly Report to Client Sites The portal for 2017 EEO-1 reporting is open and reports must be submitted and certified by March 31, 2018 at the latest. The federal Equal Employment Opportunity Commission (EEOC) has addressed the issue that there may be some confusion as to how employers are to … Continued

CMS Disclosure Requirement for Employer Health Plans | PA Benefit Advisors

Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For … Continued

So Who Is a Paid Intern Now? | Pennsylvania Benefit Consultants

On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) created new guidance for determining whether a worker could be classified as an unpaid intern under the federal Fair Labor Standards Act (FLSA). The FLSA requires “for-profit” employers to pay employees for their work. Interns, however, may not be classified as … Continued

Driving in to 2018 | PA Benefit Advisors

How Changes to the Mileage Reimbursement Rate and Qualified Transportation Benefits Will Impact Employers in 2018 On December 14, 2017, the Internal Revenue Service released the 2018 standard mileage rates used to calculate deductible costs of operating vehicles for business purposes. The rate increased by one cent  from 53.5 cents in 2017 to 54.5 cents … Continued

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