Cafeteria Plan Direct
  • Home
  • $79 Cafeteria Plan
  • About $79 POP
  • HSA Savings Calc
  • About Us
  • Blog

2018 HSA Guidelines Released

5/24/2017

0 Comments

 
The 2018 health savings account (HSA) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018. 
2018 HSA Overview
  • Minimum deductible:
    • Compliant HSA plan examples:
      • One plan for self-only and family with an embedded deductible, the minimum deductibles are: $2,700 individual and $2,700 family 
      • One plan for self-only and family with a non-embedded deductible, the minimum deductibles are: $1,350 individual and $2,700 family  
    • $1,350 for self-only coverage (versus $1,300 in 2017)
    • $2,700 for family coverage (versus $2,600 in 2017)
    • $2,700 for embedded individual deductible (versus $2,600 in 2017) 
    • Out-of-pocket maximum: 
      • $6,650 for self-only coverage (versus $6,550 in 2017)
      • $13,300 for family coverage  (versus $13,100 in 2017)
      • $6,650 for embedded individual out-of-pocket maximum (versus $6,550 in 2017)
      • Compliant HSA/ACA plan examples:
        • One plan for self-only and families with an embedded out-of-pocket maximum, the maximum amounts are: $6,650 individual and $13,300 family
        • One plan for self-only and family with a non-embedded deductible, the maximum amounts are: $6,650 individual and $7,350 family
    • Watch for the intersection of the HSA and Affordable Care Act (ACA) rules. The 2018 ACA maximum is $7,350 for individual and $14,700 family (versus $7,150 individual and $14,300 family in 2017). 
  •  HSA contribution limits:
    • $3,450 for self-only coverage (versus $3,400 in 2017)  
    • $6,900 for family coverage (versus $6,750 in 2017)
    • The annual “catch-up” contribution amount for individuals age 55 or older will remain $1,000.

Click here to get the free 2018 HSA Guide put out by United Healthcare.
0 Comments

2017 'Pay or Play' Penalty and Affordability Amounts Announced

5/24/2017

1 Comment

 
The IRS has updated its existing Q&As on the Affordable Care Act's employer shared responsibility ("pay or play") requirements to reflect adjustments to the pay or play penalty and affordability amounts. Those adjustments are as follows:
  • For calendar year 2017, the applicable per-employee dollar penalties of $2,000 and $3,000 are adjusted to$2,260 and $3,390, respectively.
  • For plan years beginning in 2017, the affordability threshold for purposes of both the pay or play affordability safe harbors and the premium tax credit provisions is 9.69%.
The Q&As also address what counts as an "offer of coverage" for purposes of pay or play compliance.  Click here to view the Q&As in their entirety.
1 Comment

    Small Business blog

       

    Archives

    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    January 2019
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    September 2014
    June 2014
    January 2014

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • $79 Cafeteria Plan
  • About $79 POP
  • HSA Savings Calc
  • About Us
  • Blog