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BenefitsLink® for employee benefit plan professionals.
WebBenefitsLink® covers compliance, administration, design, cost savings, and policy, for all kinds of employee benefit plans: 401 (k), pension, profit-sharing and other retirement …
Actived: 5 days ago
Text of IRS Publication 969: Health Savings Accounts and Other …
WebText of IRS Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans (PDF) Internal Revenue Service [IRS] [Official Guidance] Feb. 1, 2023. "For use in preparing 2022 returns. What's New: [1] Telehealth and other remote care services. [2] Health FSA contribution and carryover for 2023.
Health Benefits in 2023: Premiums Increase with Inflation
Web"In 2023 the average annual premium for employer-sponsored family health insurance coverage was $23,968 -- an increase of $1,505 (7 percent) from 2022. On average, covered workers contributed 17 percent ($1,401) of the cost of single coverage and 29 percent ($6,575) of the cost of family coverage. When asked about abortion …
What Federal Laws Apply to Wellness Programs Under ERISA …
WebEBIA Weekly (July 20, 2023) QUESTION: We want to add a wellness program to our ERISA group health plan. What federal laws should we be considering? ANSWER: Wellness programs take many forms, from informal “lunch and learn” sessions on nutrition or fitness to more comprehensive programs involving biometric tests and disease-management
Correct SEP Compensation for S-Corp Owner
WebAn officer/shareholder/employee is a greater than 2% shareholder in an S-corporation. In Box 1 of his W-2, health insurance is included which is not considered wages for Social Security and Medicare purposes. The S-corporation has a SEP. Is the correct wage to determine the shareholder’s SEP cont
Minimum Premium Payment Plan
WebWe have a broker who is trying to introduce a "minimum premium payment" health plan. This is a fully insurance plan with self insured characteristics. Specifially, 80% of the premium goes to the health care vendor and 20% is held in a reserve (in our bank). At year end, when we "true up" the plan
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