Your daily trip to work can be a drain on your paycheck, but commuting tax deduction could change that. On January 1, 2019, the Internal Revenue Service (IRS) increased the monthly pre-tax contribution limit for parking and transit.
The IRS has announced an increase to the health care flexible spending account (FSA) contribution limits for the 2019 plan year. The 2019 FSA contribution level maximum will be $2,700. Get more details here.
The IRS, DOL, and HHS have announced a proposed regulation that would allow employers who do not provide group health plan coverage to provide HRAs to employees to pay premiums for individual marketplace insurance through the exchanges.
HR professionals put a lot of time and energy into getting their open enrollment communications strategy just right. It can quickly become overwhelming, which is why we've put together this handy list of communication tips for employers and brokers.
From recruiting and retention to tax savings, this guide walks employers through five benefits of offering tuition reimbursement to employees.
Meet CYC Experts: We sat down with Nicole Williams, CFC and Senior Vice President, Sales at ConnectYourCare, to discuss her experience in the CDH industry, her suggestions for the future and her biggest accomplishments. Here's what she had to say.
Will employees be accepting of consumer-directed health care plans (CDHPs)? Are more companies offering an HSA or an FSA? The answers to these and similar questions are critical to building and maintaining a company’s workforce. Learn the CDHP, HSA, FSA, and HRA trends employers and brokers should know.
On Wednesday, July 25, 2018, the House of Representatives adopted two health care bills, H.R. 6199 and H.R. 6311, that expand tax-advantaged health care accounts, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs).
The House of Representatives Committee on Rules has announced that it will meet on Monday, July 23, 2018 at 5:00 PM EDT to discuss H.R. 6199 and 6311--health care measures with important implications for consumer-directed health care and health savings accounts (HSAs) in particular.
"Health Savings Accounts are an important tool for families to set aside money that’s tax-free to pay for needed health care expenses. This helps reduce the burden of high health care costs and enables families to plan ahead for events like the birth of a child." - Chairman Kevin Brady