What changes are allowed to DCAP and Health FSAs due to COVID?
Several recent changes allow benefits-related relief provisions. This includes significant changes to the rules governing dependent care assistance plans (DCAP) and health flexible spending accounts (FSA). Along with possible modifications affecting plan years 2020, 2021, and 2022. Below is a summary of these critical changes. These will provide significant relief for DCAP and health FSAs […]
Important COBRA Subsidy Update
What is COBRA? The Consolidated Omnibus Budget Reconciliation Act of 1985, or COBRA, is a federal law that requires employers of 20 or more employees who offer healthcare benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits due to termination of employment, reduction in hours or certain other […]
HSA Contribution Limits 2021 IRS
Every year, the IRS updates their Health Savings Accounts (HSA) contribution limits. It’s important to stay up to date with these changes and be aware of how much you could be saving each year for qualified medical expenses. Single Plan HSA Contribution Limits Family Plan Maximum Contribution Limit $3,600 $7,200 Minimum Deductible $1,400 $2,800 Maximum […]
