PCORI Fees Announced for 2022 for Self-Insured Health Plans

December 28, 2021

Patient-Centered Outcomes Research Institute (PCORI) Fees Updated by IRS The IRS released Notice 2022-4 in December 2021, which updated the amount of the Patient-Centered Outcomes Research Trust Fund fee that self-insured health plans must pay for plan years ending on or after October 1, 2021, and before October 1, 2022. The applicable dollar amount for […]

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What the new IRS 2022 Cost-of-Living Adjustments Mean for Your Benefit & Retirement Accounts

November 18, 2021

The IRS has released its 2022 cost-of-living adjustments (COLAs) in response to inflation- which can impact certain benefit accounts, retirement plans and other programs.  A wide variety of tax-related benefit accounts will see a change in their limits for 2022 including FSAs, qualified fringe transportation and parking benefits, qualified small employer health reimbursement arrangements (QSEHRAs), […]

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Reminder: PCORI Fees are Due by July 31, 2021

June 24, 2021

Don’t forget to file by the July 31st deadline What are PCORI Fees? Under the Affordable Care Act (ACA), most employer sponsors and insurers are required to pay PCORI fees until 2029, as it applies to plan years ending on or before September 30, 2029. The PCORI fee imposed on sponsors of a self-insured health […]

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What the New HSA Limits for 2022 Means For You

June 22, 2021

The IRS Announces 2022 HSA and Qualified HDHP Limits The IRS announced the 2022 limits for Health Savings Accounts (HSA) and Qualified High Deductible Health Plans (HDHP). This allows employers or plan sponsors sufficient time to prepare for Open Enrollment period for 2022. Discover Our HSAs The New HSA Rules for 2022 Health Savings Account […]

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IRS releases updated PCORI fees for plan years ending after October 1, 2019

June 11, 2020

On June 8, 2020, the IRS issued Notice 2020-44 announcing the revised PCORI fee amount for plan years ending between October 1, 2019 and before October 1, 2020. For affected plans within this timeframe, the new “applicable dollar amount” used to calculate the PCORI fee is $2.54. Notice 2020-44 states: “The applicable dollar amount that […]

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COVID-19 Relief and Guidance for Employee Benefit Plans: Understanding Extended Deadlines

May 20, 2020

On May 4, the Department of Labor, Treasury Department and Internal Revenue Service issued joint rulings that extend various deadlines during the COVID-19 state of emergency. According to the DOL, EBSA Disaster Relief Notice 2020-01, “extends certain time frames affecting participants’ rights to healthcare coverage, portability, and continuation of group health plan coverage under COBRA, and […]

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IRS allows mid-year changes to FSA, DCA & Cafeteria Plans for 2020

May 19, 2020

On May 12, 2020, the IRS issued guidance that allows employers to amend their plan to allow the following: Enrollment changes, including new elections and election changes, without a qualified event. Increased time to spend Flexible Spending Accounts (FSA) and Dependent Care Flexible Spending Accounts (DCA) balances for plans ending in 2020 or plans that […]

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PCORI Fees have been extended to September 30, 2029

April 28, 2020

The signing of the Further Consolidated Appropriations Act at the close of 2019 provides an extension of the Affordable Care Act’s (ACA) Patient-Centered Outcomes Research Institute (PCORI) fees through September 20, 2029. The ACA imposes a fee on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the PCORI. […]

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Families First Coronavirus Repose Act (FFCRA) for Employer Paid Leave

April 16, 2020

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. Watch Our Explainer Video Under the FFCRA, an employee qualifies for paid sick time if the employee is unable to work (or unable to […]

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