Joe Priselac (left) and Michael Rizzo (right) receive the 2017 Fast Track Award Michael Rizzo and Joe Priselac, President and CEO of P&A Group, were awarded the 2017 Fast Track Award last week by Business First. The Fast Track award ranks companies based on revenue growth over the last three years. We are thrilled to…
School's out for summer! Save on eligible daycare expenses with a Dependent Care FSA. When it comes to childcare, many parents plan daycare coverage around family vacations, work schedules and other commitments. Summer can be a busy time of year for families, especially working parents who are worried about scheduling childcare. To add to the…
July 31. Calendar on white background. 3D illustration. The next Patient Centered Outcomes Research Institute (PCORI) filing deadline is July 31, 2017 for all Health Reimbursement Arrangements (HRAs), Medical Expense Reimbursement Plans (MERPs) and self-funded medical plans with a plan year ending in 2016. View the schedule of fees and learn more about this excise…
On May 22, 2017 the DOL published Field Assistance Bulletin No. 2017-02 which announced a temporary enforcement policy related to the Department of Labor’s final rule defining who is a “fiduciary” under ERISA and the related prohibited transaction exemptions (PTEs). The final rule, entitled “Definition of the Term ‘Fiduciary’; Conflict of Interest Rule — Retirement…
A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d). A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d). You as an employer are…
Last week the HSA limits for 2018 were released by the IRS. Below is a summary of the increases for 2018 HSAs, along with proposed changes that could impact account holders. 2018 HSA Annual Contribution Single: $2,450 Family: $6,900 2018 HSA Minimum Deductible Single: $1,350 Family: $2,700 2018 HSA Maximum Out-of-Pocket Expenses…