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Employee Benefits

EMPLOYEE BENEFITS

IRS ISSUES OPT-OUT PAYMENT PROPOSED RULES

Posted by Mick Rodgers

On July 8, 2016, the Internal Revenue Service (IRS) issued proposed regulations on the Affordable Care Acts (ACA) premium tax credit and individual mandate. The regulations also impact employers through the employer shared responsibility rules.

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IRS Announces HSA/HDHP Limits for 2017

Posted by Mick Rodgers

HIGHLIGHTS

  • Each year, the IRS announces inflation-adjusted limits for HSAs/HDHPs.
  • The adjusted contribution limits for HSAs take effect as of the next Jan. 1.
  • The adjusted HDHP limits (minimum deductible and maximum out-of-pocket expenses) take effect for the plan year beginning on or after the next Jan. 1.


OVERVIEW

On April 29, 2016, the Internal Revenue Service (IRS) released Revenue Procedure 2016-28 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2017.

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