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Retiree Health Accounts Under Section 401(h)

WEBRecently, many of our colleagues have received inquiries about “401(h) plans.” A 401(h) is not a type of plan but rather an ancillary benefit of a defined benefit …

Actived: 3 days ago

URL: https://www.asppa.org/news/browse-topics/retiree-health-accounts-under-section-401h

IRS Announces 2023 HSA Limits AMERICAN SOCIETY OF …

WEBThe IRS has announced the health savings account (HSA) limits for 2023. The announcement came in IRS Revenue Procedure 2022-24 . HSA Limits. For …

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Ways & Means Moves on HSAs

WEBWith concerns about healthcare costs looming large for American workers, a key congressional committee just took a major step to boost health savings accounts.

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House Lawmakers Approve Legislation to Dramatically Expand …

WEBIn a move that would allow more individuals to save more for their health care expenses in retirement, the House Ways and Means Committee on Sept. 28 approved …

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IRS Announces 2022 HSA Limits AMERICAN SOCIETY OF …

WEBThe IRS has announced the health savings account (HSA) limits for 2022. The announcement came in IRS Revenue Procedure 2021-25 . HSA Limits. For …

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How the Health Care Industry Views Retirement Plan Issues

WEBGiven the outsized impact the pandemic has had on the health care sector, it’s not surprising that employee benefits have taken center stage to help address …

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COVID Protective Expenses Eligible for HSA Reimbursement

WEBThe IRS has issued guidance addressing whether amounts paid for certain personal protective equipment are treated as qualified medical expenses.

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HSA Balances Increase Despite Higher Spending: EBRI

WEBDespite a rebound in out-of-pocket health care spending in 2021, health savings account (HSA) balances increased on average over the course of the year, the …

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A New Perspective on Planning for Health Care Costs in Retirement

WEBEstimates showing astronomical health care costs in retirement can be quite intimidating, giving the impression health care will be unaffordable in retirement. But a …

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HSA Investment Assets up 52% in 2020

WEBAt year-end 2020, HSA assets stood at $82.2 billion in slightly more than 30 million accounts, which was a year-over-year increase of 25% for assets and 6% for …

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Most Americans See Room to Improve Financial Wellness in 2023

WEBAmid a year filled with economic turmoil and a holiday season racking up credit card bills, Americans considering financial resolutions in the New Year are in good …

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Most HSA Account Holders Using Them for Spending

WEBAccount holders apparently are still using their HSAs for health care spending instead of taking full advantage of saving and investing their accounts for …

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Four Steps to Strengthen Workforce Financial Wellness

WEBMore than a year into the COVID-19 pandemic, finances continue to be a top cause of employee stress, even above job, health and relationship stress combined.

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Alaska Senate Bill Would Increase Public Employee Retirement …

WEBThe Alaska Senate is considering a measure that would give certain employees who participate in the Public Employees' Retirement System of Alaska and …

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How Rising Longevity Is Influencing Retirement Priorities

WEBIt’s not just longevity that’s changing people’s retirement journey, but also a growing awareness of their potential longer life is changing Americans’ expectations, …

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How Do Americans Perceive Their Financial Health

WEBNearly one-third of Americans do not have an accurate handle on the state of their own finances, thinking they are either better or worse off than they actually are, …

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Key SECURE 2.0 Act Provisions and Effective Dates

WEBBelow is a table providing descriptions and effective dates for the key provisions contained in the SECURE 2.0 Act of 2022, which was enacted Dec. 29, 2022, …

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Fiduciary Responsibilities for Non-ERISA Governmental Plans — …

WEBThis article originally appeared in the Spring 2015 issue of Plan Consultant.To view a PDF version, please click here.. This article is the last in a three-part series …

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Hospital System Strikes a Deal in Excessive Fee Suit

WEBAn excessive fee case whose petition to dismiss was still pending has opted to settle instead. The suit—filed in August 2020—had alleged that defendants …

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Form 5500 Filings: Trips and Traps Under Section 408(b)(2)

WEBWhat all these have in common— and thus the problem for preparers—is that plan sponsors generally look to the record keeper or TPA to prepare the Form 5500 and …

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Dealing with Required Minimum Distributions How to Make …

WEBScenario 1 Scenario 2 One Distribution Each Year Two Distributions Second Year. 1st Year Distribution Age 70 3.65% of $300,000, or $10,950 Tax Bracket 31%. …

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