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Businesses: Need To Knows On Health Care Self-Insurance & Stop …

WebAs with the decision of whether to include an aggregate claims limit on your stop-loss coverage, the answer generally varies according to business size. Many stop …

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URL: https://www.kpmcpa.com/health-care-self-insurance-and-stop-loss-coverage/

Employer Strategies For Controlling Health Care Benefits Costs

WebAmid the Federal Reserve’s ongoing struggle against inflation and persistent concerns about a looming recession, employers have maintained a vigilant watch over …

Category: Health Go Health

Affordability Check: Large Employers & 2024 Health Coverage

WebRequired Contribution Percentage. For plan years beginning in 2024, the required contribution percentage used to determine whether employer-sponsored health …

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Understanding Medicare Premiums: What You Need to Know

WebBy: Meredith Bosso, CPA. Staying informed about health care costs and tax regulations is essential for individuals and businesses alike. This article provides an …

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What Businesses Need to Know About 2023 Health Savings …

WebHere are key tax benefits: To be eligible for an HSA, an individual must be covered by a ‘high deductible health plan.’. For 2023, a ‘high deductible health plan’ will …

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New 2023 Fringe Benefits & What They Could Mean For You KPM

WebHealth Flexible Spending Accounts (FSAs). For 2023, the dollar limit on employee salary reduction contributions to health FSAs will rise from $2,850 to $3,050. …

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Assessing ERISA’s Impact On A Telehealth Benefit KPM

WebThe answer is generally yes. Telehealth, sometimes also referred to as telemedicine, is typically offered under a group health plan — which is indeed governed …

Category: Medicine Go Health

IRS Guidance Regarding Qualified Medical Expenses KPM

WebRecently, the IRS issued FAQs regarding when certain costs are qualified medical expenses for federal income tax purposes. You can claim an itemized deduction …

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Medicare Premium Deductions for Seniors KPM

WebFor 2020, the standard deduction amounts are $12,400 for single filers, $24,800 for married couples filing jointly, and $18,650 for heads of household. (For 2019, …

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While Not Easy, It Is Possible To Claim A Medical Expense Tax …

WebIf making your health a priority is among your New Year’s resolutions, you might wonder if you can offset your out-of-pocket medical expenses on your tax return.

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Are Pretax HSA Contributions Allowed Without A Cafeteria Plan

WebThe answer is a resounding “no.” Employees can’t make pretax HSA contributions unless the employer offers a Section 125 cafeteria plan because of the …

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What is the Difference Between a Plan Document & a Summary …

WebMost health and welfare plans offered by employers are subject to the Employee Retirement Income Security Act of 1974 (ERISA). Generally, ERISA envisions …

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Wellness In The Workplace: Understanding Taxable Fringe Benefits …

WebFor an employer-provided benefit program to be subject to ERISA rules, it must (among other things) provide at least one of the benefits listed in the act’s …

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Small Businesses: If You Cannot Offer An FSA Consider A QSEHRA

WebCompliance rationale. A company that does not sponsor a major medical plan cannot sponsor a health FSA unless the FSA qualifies as an excepted benefit. To be …

Category: Medical Go Health

Counting Your Employees For Affordable Care Act (ACA) …

WebYour organization is an ALE if you had an average of 50 or more full-time employees — including full-time equivalent employees — during the previous calendar …

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How Often Must A HIPAA Notice Of Privacy Practices Be Updated

WebMaterial Changes. The good news is you don’t need to update a notice according to an annual deadline. However, the most current notice must accurately …

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Imposing Health Care Plan Waiting Periods on Rehired Employees

WebThis means that your plan may require such individuals to meet the plan’s eligibility criteria and satisfy the plan’s waiting period anew. But regulations specify that …

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What Employers Should Know About National Medical Support …

WebA NMSN is a medical child support order used by a state child support enforcement agency to obtain employer-provided group health coverage for a child. If appropriately …

Category: Medical Go Health