On Dec. 23, 2024, federal agencies rescinded a proposed rule from February 2023 that would have eliminated an exemption to the ACA’s contraceptive coverage mandate for employers who objected to such coverage based on nonreligious moral objections. This Legal Update explains further.
Biden Administration Rescinds Proposed Changes to Contraceptive Coverage MandateThe IRS has released Notice 2024-83, which provides the adjusted PCORI fee amount for plan years ending on or after Oct. 1, 2024, and before Oct. 1, 2025. Employers with self-insured health plans must pay the PCORI fee by July 31, 2025. This Legal Update provides an overview of the updated PCORI fee.
PCORI Fee Amount Adjusted for 2025If you need assistance finding the right plan for you or your organization, we are here to help! Contact us today! Link
Read moreQuestion:
What is a Health Flexible Spending Account?
Answer:
A health flexible spending account (HFSA) lets employees set aside pre-tax money from their paycheck during the year, and they can use this money to pay for eligible healthcare expenses for themselves, their spouse, or their dependents. The funds in these accounts are typically “use it or lose it,” with some exceptions for carryover or grace period options, based on the employer’s plan design.
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This Q&A does not constitute legal advice and does not address state or local law.
Answer from Angela, CIC, CISR, SHRM-CP |
