Benefits Buzz
On April 1, 2014, President Obama signed into law the “Protecting Access to Medicare Act of 2014.” Although much of the law is designed to fix problems with the Medicare program, the law also included a repeal of the deductible limits that apply to small group health plans. In 2014, the Affordable Care Act (ACA) established deductible limits for health plans offered to small employers (defined as up to 50 employees in most states).
The Internal Revenue Service (IRS) recently issued long awaited guidance that details how someone can be Health Savings Account (HSA)-eligible the following plan year if they have access to funds that rollover from a Healthcare Flexible Spending Account (FSA) from the previous plan year.
Each year on April 2, the International Foundation of Employee Benefit Plans (IFEBP) champions the effort to recognize all those who participate in the employee benefits industry and their hard work. As an IFEBP member, Flexible Benefit Service LLC (Flex) wants to thank you for your business and remind you to participate in the festivities, as well.
Applies to those who have started the enrollment process and experienced an error
Let José walk you through what a Health Savings Account (HSA) is.
This high-level overview shows some things that HSA money can be used for along with maximum contributions for 2014.
Click through the slides below for the details and feel free to share with a friend.
