IRS 2020 Contributions Limits: What’s Changing

PCORI Fee Due August 1, 2022

Employer, Health Reimbursement Arrangements

  If your organization provides a Health Reimbursement Arrangement (HRA) or Medical Expense Reimbursement Plan (MERP), the upcoming deadline to file the 2021 PCORI fees is quickly approaching.  Employers who offer either of these plans must submit the annual PCORI fee by August 1, 2022.  This deadline applies to all plans that ended in 2021. …

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Seven Triggers for COBRA Qualifying Event Notices

COBRA, Employee Benefits, Employer, Solutions

  Across the country, many HR departments are seeing an increase in employment status changes.  From employees resigning during the Great Resignation, to employees entering retirement, benefit departments are trying to manage these status changes and remain in compliance with IRS rules.  To help keep track of the status changes that require a COBRA Qualifying…

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IRS Announces HSA Limits for 2023

Health Savings Account, HSA, Participant

  On April 29, 2022, the IRS released the inflation-adjusted amounts for Health Savings Accounts for 2023.  Among the changes are increases to the minimum High Deductible Health Plan (HDHP) amounts for single coverage ($1,500) and family coverage ($3,000). Below is a table with the updated HSA amounts, effective beginning January 1, 2023.   HSA…

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Three Keys to a Successful Open Enrollment

Employee Benefits, Employer, Open Enrollment, P&A Group

  What does Open Enrollment look like for a company who administers benefits for other employers?  What are the secrets to success?  *Hint:  there’s never a replacement for hard work.*  But, there are ways that you can work more efficiently.  As we enter the third year of working (mostly) remotely, our team focused on an…

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President Biden Extends the National Emergency through February 2023

COBRA, Employer, Flexible Spending Accounts, FSA, Participant

    The National Emergency, first declared by President Trump in March 2020 in response to the COVID-19 pandemic, was formally extended a second time by President Biden on February 18, 2022.  The National Emergency impacts health benefit plans, and allows certain plan deadlines to have a one-year tolling period.  Per prior guidance from the…

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P&A Group COBRA/Billing Clients Benefit from Remittance Report, Other Reports

COBRA, Employer

  P&A Group offers online tools to help you manage your company’s benefits from anywhere.  Designed for HR and accounting professionals, P&A’s secure web portal, HR Connect, houses a variety of detailed census, premium remittance, and benefit summary reports.  Here is a brief overview of some of the report options available to our COBRA/Billing clients.…

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