Included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020 is the restored ability to use HSAs, FSAs and some HRAs to purchase certain over- the- counter drugs and medications, like aspirin and other pain...
Depression, anxiety, and other mental illnesses carry a workplace stigma that cause many employees to suffer in silence rather than to seek help. Many employees struggling with mental health issues have expressed anxiety about the possibility of losing their jobs due...
Employer reporting requirements and penalties for non-compliance have largely remained the same even though the individual penalty payment is no longer applicable. Forms 1094/1095-B (B Forms) and Forms 1094/1095-C (C Forms), and related instructions, for the 2019...
The IRS increased the dollar limit on employee salary reduction contributions under the health Flexible Spending Account (FSA) to $2,750. The dependent care limit remains $5000.
On July 17, 2019 the IRS issued guidance expanding the preventive care benefits that can be provided by a high-deductible health plan (HDHP) and remain qualified for HSA eligibility. Ordinarily the HSA rules do not allow for preventive care for services or benefits...
