Regulatory Updates

Regulatory Updates

New IRS guidance on preventive care: What employers need to know

Discover how IRS Notices 2024-71 and 2024-75 expand preventive care and health benefit offerings, plus how the changes may impact benefits plan design. Learn the implications for High Deductible Health Plans (HDHPs) and reimbursement accounts.

November 04, 2024

3 min read

Regulatory Updates

IRS bumps up 2025 FSA contribution limits

The 2025 FSA contribution limits are finally here. Find out what you need to know about the IRS inflation-adjusted figures for health Flexible Spending Account (FSA), Dependent Care FSA (DCFSA), Health Savings Accounts (HSAs), Commuter, and more.

October 22, 2024

5 min read

Regulatory Updates

Information on HSA deadlines affected by Hurricanes Helene and Milton taxpayer relief

In the wake of Hurricanes Helene and Milton, Internal Revenue Service (IRS) officials announced relief for taxpayers in certain affected states. The taxpayer relief includes extended deadlines for Health Savings Accounts (HSAs). Get the details.

October 08, 2024

2 min read

Regulatory Updates

Prepare for 2025 with the increased HSA contribution limits

The HSA limits for 2025 are here. See how the IRS adjusted the limits and find out what it means as you plan for next year. The new, slightly higher figures could potentially present more opportunities to save.

May 09, 2024

2 min read

Regulatory Updates

IRS reminds taxpayers and plans about ineligible personal expenses

The IRS cautions taxpayers and reimbursement account administrations against misrepresenting nutrition, wellness, and general health expenses as medical care for FSAs, HSAs, HRAs, and MSAs. Read about scrutinizing food and wellness expenses.

March 08, 2024

3 min read

Regulatory Updates

IRS issues slight decrease for 2024 medical mileage rate

The Internal Revenue Service (IRS) decreased the 2024 medical mileage rate to 21 cents per mile, but it raised the 2024 business standard mileage rate to 67 cents. Find out the details you need for eligible deductions and more.

December 28, 2023

Regulatory Updates

End of 2023 health plan reminders and a look toward 2024

As you prepare for 2024, get a summary of the key benefits compliance actions in 2023. From the end of COVID-19 regulations to updated rates for key benefit areas like HSAs and FSAs, review the major compliance events.

December 11, 2023

Regulatory Updates

Update your enrollment info with the 5% higher 2024 FSA limits (and more)

The IRS just released the 2024 contribution limits for employee benefits like FSA, Commuter, and more. Get the details about the higher limits so you can plan your 2024 healthcare benefits strategy.

November 10, 2023

Regulatory Updates

Brush up on nondiscrimination testing and Form 5500 filing obligations

Employers offering benefits to employees need to stay in compliance with IRS regulations on nondiscrimination testing and Form 5500 filing obligations. Find out what you need to know and when to file forms.

October 06, 2023