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Updated HSA & Excepted Benefit HRA Limits for 2023

The IRS released the 2023 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2022-24. The same document also set forth update contribution limits for excepted benefit Health Reimbursement Accounts for 2023. The updated annual dollar amounts are listed below.

Improve Employee Retention with Benefits Support

In the past year, a record-breaking number of employees quit their jobs. Data from the Bureau of...

Creditable Coverage Disclosure To CMS

Each year, plan sponsors must disclose to CMS the group health care plan creditable coverage status...

4 Open Enrollment Lessons Learned From the Pandemic To Make This Year Easier

The pandemic presented many learning opportunities for organizations as they pivoted and learned...

Preparing for Open Enrollment in a Hybrid Workforce

With open enrollment season approaching, now’s the time for HR professionals to plan, if you...

2021 Open Enrollment Considerations

The COVID-19 pandemic has upturned everything. So, it’s understandable if you are a little less...

IRS Releases COBRA Subsidy FAQs

The Internal Revenue Service (IRS) has issued new COBRA subsidy guidance in Notice 2021-46 (the...

IRS Clarifies DCAPs in 2021 & 2022

The Internal Revenue Service (IRS) released Notice 2021-26 clarifying what amounts may be...

Scheduled Maintenance for BenXcel

BenXcel will undergo scheduled maintenance and will be unavailable to all users between 11:30 am ET...

What Employers Should Consider as DCAP Increases

Many employers are considering whether to increase the maximum Dependent Care Assistance Program...