FSA Grace Period & Other Rules to Know

Illinois Commuter Benefits Ordinance

Commuter Benefits, Employee Benefits, Employer, Reimbursement Accounts

Chicago River with boats and traffic from above in the morning   Illinois recently enacted a law encouraging public commuter transportation to and from work.  The Transportation Benefits Program Act begins January 1, 2024.  Under the Illinois Commuter Benefits Ordinance, qualified employers must offer eligible employees a pre-tax commuter benefit.   2024 Illinois Commuter Benefits…

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New P&A Mailing Address

Employer, P&A Group, Participant

    After many years located in downtown Buffalo, N.Y., P&A is relocating its headquarters!  We will be moving to Williamsville, NY (a nearby suburb for those outside the Western New York area).  Effective Monday, July 24th, P&A will be operating from its new location.   New P&A Mailing Address The only change is our…

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PCORI Fees Due July 31, 2023

Employer, Health Care Reform, Health Reimbursement Arrangements

  If your organization provides a Health Reimbursement Arrangement (HRA) or Medical Expense Reimbursement Plan (MERP), the upcoming deadline to file the 2022 PCORI fees is quickly approaching.  Employers who offer either of these plans must submit the annual PCORI fee by July 31, 2023.  The deadline applies to all plans that ended in 2022.…

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IRS Releases HSA Limits for 2024

Employer, Health Savings Account, HSA, Participant

  On May 16, 2023, the IRS released the inflation-adjusted amounts for Health Savings Accounts for 2024.  Among the changes are increases to the minimum High Deductible Health Plan (HDHP) amounts for single coverage ($1,600) and family coverage ($3,200). Below is a table with the updated HSA limits for 2024, effective January 1, 2024.  …

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2FA for P&A Participants

COBRA, Participant, Reimbursement Accounts

  Protecting participants’ data is our top priority, so we are pleased to announce two-factor authentication (2FA) is coming soon when participants log into their P&A My Benefits Account from a desktop. While using 2FA is not mandatory, we encourage all participants to use this enhanced security measure.  Below please find helpful Q&As on how…

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Outbreak Period, National Emergency Ending: What’s Next?

COBRA, Employee Benefits, Employer, Participant

With the outbreak period ending June 9, 2023, here's a summary of what employers and COBRA continuants should know. On Monday, April 10, 2023, President Biden signed into law the end of the National Emergency.  P&A Group is following the guidance from EBSA and the IRS to continue using May 11 ast the emergency end…

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