The IRS recently issued Notices 2024-71 and 2024-75, which expand the list of “preventive care” benefits permitted to be provided by a high deductible health plan (HDHP) without a deductible and the list of benefits...more
11/11/2024
/ Biden Administration ,
Employee Benefits ,
Employer Group Health Plans ,
Flexible Spending Accounts ,
HDHP ,
Health Insurance ,
Health Savings Accounts ,
HIV ,
HSA ,
IRS ,
Medical Benefits ,
Medical Expenses ,
New Guidance ,
Preventive Health Care
The Internal Revenue Service (IRS) has issued new guidance, Notice 2023-37, which states that for plan years ending after December 31, 2024, HSA-compatible high-deductible health plans (HDHPs) will no longer be permitted to...more
Summary -
Sponsors of employee benefit plans face heightened plan design and administrative challenges in the wake of President Biden’s surprise termination of the COVID-19 national emergency. This unexpected development,...more
Since the inception of the annual reporting requirements under the Affordable Care Act for Forms 1094 and 1095, the IRS has been annually extending the deadline for employers to distribute those reports to individuals. In...more