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2023 limits for businesses that have HSAs — or want to establish …

WEBNo one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an …

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URL: https://www.dpc-advisors.com/2022/11/2023-limits-for-businesses-that-have-hsas-or-want-to-establish-them/

Are you eligible for a medical expense tax deduction

WEBMedical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross income. Plus, medical expenses are …

Category:  Medical Go Health

The IRS clarifies what counts as qualified medical expenses

WEBThe answers to the IRS FAQs clarify the following points, starting with the ones we think are most interesting. As a general rule, the costs of over-the-counter (non …

Category:  Health Go Health

IRS to employers: Only medical expenses qualify for tax …

WEBThe IRS, however, has concerns. The tax agency recently issued a news release (IR-2024-65) warning plan administrators that only qualified medical expenses …

Category:  Medical Go Health

“Family glitch” update: IRS revises recent ACA-related guidance

WEBUnder the Affordable Care Act (ACA), applicable large employers (ALEs) must offer minimum essential health care coverage that’s affordable and provides minimum value …

Category:  Health Go Health

Evaluate whether a Health Savings Account is beneficial to you

WEBWith the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) …

Category:  Health Go Health

Employers: Will your health insurance be “affordable” in 2022

WEBEmployers, act now to determine whether you could be subject to an Affordable Care Act penalty for your 2022 health care coverage.

Category:  Health Go Health

Applicable large employers: Determine the “affordability” of your …

WEBEarlier this year, the IRS released Revenue Procedure 2023-29, in which it announced an important indexing adjustment to the Affordable Care Act (ACA).

Category:  Health Go Health

With benefits costs likely to rise, employers may want to consider …

WEBIt will likely come as little surprise that the cost of health care benefits for employers is expected to rise in 2024. Inflation, though not out of control, remains a …

Category:  Health Go Health

Don’t forget to empty out your flexible spending account

WEBIf you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up.

Category:  Health Go Health

It’s possible (but not easy) to claim a medical expense tax deduction

WEBDavidson Pargman & Company, LLC P.O. Box 340 Genoa, IL 60135. Genoa Location: 310 S Hwy 23 Genoa, IL 60135. Bloomingdale Location: 109 Fairfield Way, …

Category:  Health Go Health

HIPAA and remote work: A refresher for employers

WEBMany employers now allow employees to work remotely, either all or part of the time. If your organization does and sponsors a health care plan, here’s a brief …

Category:  Health Go Health

Offering employees health club memberships as a fringe benefit

WEBWith the arrival of fall, many employers might be pondering whether they should change up their fringe benefits next year. If you’re thinking about doing so, one …

Category:  Health Go Health

Key factors for employers in choosing an affordable health plan

WEBFor employers of all sizes, choosing an affordable yet fully featured health plan to sponsor for employees isn’t easy. And yet, for most organizations, it’s an …

Category:  Health Go Health

Employers: Don’t overlook legislative changes affecting group …

WEBLate last year, the Consolidated Appropriations Act, 2023 (CAA 2023) was signed into law. Much of the discussion about this massive “omnibus” spending package …

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End of COVID-19 public health emergency may affect employers’ …

WEBIn January, the Biden administration issued a policy statement indicating its intent to extend the COVID-19 national emergency (NE) and public health emergency …

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Employer violated ERISA by terminating employee

WEBIn Kairys v. S. Pines Trucking, Inc., a former employee brought a discrimination case contending, among other things, that he was terminated in retaliation …

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It’s almost time for a midyear checkup on your company’s …

WEBTime flies when you’re busy running a business. It’s important to pause at midyear and assess interim financial performance. Otherwise, you could be surprised by your …

Category:  Health Go Health