Entries by sparkadmin

IRS Releases HSA Contribution & Coverage Limits for 2019

IRS has just issued Revenue Procedure 2018-30, which provides the 2019 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g).  Some items have increased for 2019.  Health Savings Accounts 2019 2018 Self-only coverage Self-only coverage annual minimum deductible $1,350 $1,350 Self-only coverage maximum out of pocket $6,750 $6,650 Self-only coverage maximum […]

COBRA: Now is a Good Time to Look Back

COBRA generally applies to all private-sector group health plans maintained by employers that have at least 20 employees on more than 50 percent of its typical business days in the previous calendar year. COBRA also applies to plans sponsored by state and local governments. Who counts? Both full and part time employees count towards your determination […]

The Complete Compliance Package Every Employer Needs

The Affordable Care Act (ACA) added to the already overwhelming amount of mandatory notices and documents required for employers to remain compliant. The Employee Retirement Income Security Act (ERISA) is no exception to this trend, presenting further challenges to employers in remaining compliant with federal and state laws. ERISA is a 40-year-old compliance requirement which demanded […]

HSA Family Contribution decreased for 2018

Today, IRS released Revenue Procedure 2018-10  which modifies and supersedes certain sections of Revenue Procedure 2017-58 and supersedes Revenue Procedure 2017-37 to reflect by new tax  law (pub. L no. 115-97 enacted December 22, 2017.  This law changed the annual inflation adjustment factor from the “Consumer Price Index” (CPI) to a new factor known as “chained […]

DOL Updates Employer CHIP Notice

The U.S. Department of Labor (DOL) has updated its model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children’s Health Insurance Program (CHIP). This notice is generally updated twice a year. Click here to download the updated notice in PDF format. Annual Notice Requirement Employers that provide health […]

How Do 125 Plans and HSAs Work Together?

A cafeteria plan is a reimbursement plan governed by IRS Section 125, allowing employees to contribute a certain amount of their gross income to a designated account or accounts before taxes are calculated. Another kind of plan is the health savings account, which lets employers and employees make tax-free contributions to pay for certain out-of-pocket […]

BASIC HCM: All in One Solution

In a world where files can be automatically backed up to “the cloud”, wouldn’t it be nice if your payroll and HR functions could be automated too? With our HCM solution, there is no need for your HR department to have desks overflowing with paperwork and a to-do list that stretches to the moon. Our […]