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). Two smiling women wearing glasses are sitting at a conference room table reading an HRA proposal. A Health Reimbursement Arrangement (HRA) or Section 105(h) plan is an employer-funded benefit…
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…
Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get to and from work? P&A offers a commuter plan that allows your employees to set aside pre-tax dollars to use for these expenses. Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get…
You’ve received the glossy brochures. You’ve heard the sales pitch, you’ve shook hands, and you’ve received promises of lower costs, increased efficiency and less “headaches.” Naturally, you decide to give a new vendor a chance – why not – and you sign up for a new service. It’s too good an opportunity to miss. Or,…