May 2018

ACA Compliance Bulletin – AFFORDABILITY PERCENTAGES WILL INCREASE FOR 2019

ACA, Health Insurance, Taxes
May 25, 2018
Penniall Insurance Services

OVERVIEW On May 21, 2018, the Internal Revenue Service (IRS) issued Revenue Procedure 2018-34 to index the contribution percentages in 2019 for purposes of determining affordability of an employer’s plan under the Affordable Care Act…

Compliance Bulletin – IRS Allows Taxpayers with Family Coverage to Use $6,900 HSA Limit for 2018

Health Insurance, Taxes
May 24, 2018
Penniall Insurance Services

OVERVIEW On April 26, 2018, the IRS announced that, for 2018, taxpayers with family high deductible health plan (HDHP) coverage may treat $6,900 as the annual contribution limit to their health savings accounts (HSAs). Earlier…