Compliance ✔- PPE Expenses Eligible Under Health FSA, HSA and HRA
The IRS issued Announcement 2021-07 to permit amounts paid for personal protective equipment (PPE), such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 to be treated as amounts paid for medical care under §...
Compliance ✔- 2021 Limits: ACA OOP Max and HSA/HDHP
The Affordable Care Act (ACA) requires non-grandfathered plans to comply with an out-of-pocket maximum on essential health benefits (EHB) which limits the total amount a consumer is expected to spend on healthcare. The out-of-pocket maximum is updated annually based...
Compliance ✔- HSA-Eligible Health Plan Can Cover More Preventive Care
Effective July 17, 2019, the IRS expanded the definition of preventive care under the HSA-eligible High Deductible Health Plan (HDHP) rules. Preventive care now includes 14 medical services or items for 11 specific chronic conditions, such as insulin for diabetics....