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The IRS has just announced 2024 amounts for Health …

WebThe IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or …

Actived: 5 days ago

URL: https://www.suttlecpas.com/the-irs-has-just-announced-2024-amounts-for-health-savings-accounts/

Do you know the ABCs of HSAs, FSAs and HRAs

WebThere continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged …

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Which health account should be part of your benefits package

WebOn October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax …

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Would you like to establish a Health Savings Account for your …

WebWith the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings …

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Setting up a Health Savings Account for your small business

WebGiven the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health …

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IRS releases 2021 amounts for Health Savings Accounts

WebThe IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the purpose …

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2023 Health FSA Contribution Cap Rises to $3,050

WebEmployees can put an extra $200 into their health care flexible spending accounts (health FSAs) next year, the IRS announced on Oct. 18, as the annual contribution limit rises to …

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Don’t forget to empty out your flexible spending account

WebIf you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You may have …

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The IRS clarifies what counts as qualified medical expenses

WebFood or beverages purchased for weight loss or other health reasons are qualified medical expenses only if the food or beverages: 1) don’t satisfy normal nutritional needs, 2) …

Category:  Nutrition,  Food,  Medical Go Health

Businesses, be prepared to champion the advantages of an HSA

WebWith concerns about inflation in the news for months now, most business owners are keeping a close eye on costs. Although it can be difficult to control costs related to …

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or want to establish them

WebFor 2023, a “high deductible health plan” will be one with an annual deductible of at least $1,500 for self-only coverage, or at least $3,000 for family coverage. (These amounts in …

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Prescription Drug Reporting Due by December 27, 2022

WebThis reporting process is referred to as the “prescription drug data collection” (or “RxDC report”). The first RxDC report is due by December 27, 2022, and covers data for 2020 …

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Are You Using KPIs to Monitor the Health and Well-Being of Your

WebKPIs are tools used to measure performance holistically and impartially. Using the data to have constructive conversations with your team is imperative. Teams should be mindful …

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CAA 2023 Appropriations Bill Restores Telehealth Exemption for …

WebDuring the final week of December 2022, Congress approved the Consolidated Appropriations Act, 2023 which included, among other provisions affecting employers, a …

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2022 AFFORDABLE CARE ACT REPORTING DEADLINES AND …

WebThe Patient Protection and Affordable Care Act (PPACA or ACA) requires certain employers to report to the IRS annually regarding the health care coverage they offer to full-time …

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IRS Raises Health Plans’ PCORI Fees Payable in 2023

WebMarch 8, 2023. The IRS is raising the fee that insurance issuers or sponsors of self-insured health plans pay annually to fund the federal Patient-Centered Outcomes Research …

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OSHA Issues COVID-19 Workplace Vaccine and Testing Mandate …

WebOn November 6, 2021, a U.S. federal appeals court issued a stay temporarily blocking the president’s new COVID-19 vaccination-or-testing policy, citing “grave statutory and …

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Client Accounting & Advisory Services

WebWith Suttle & Stalnaker PLLC, you can feel at ease knowing you have a reliable team of professionals in your corner. Your Client Accounting Services Team. Our full-time team …

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COVID-19 Summary Update

WebSuttle & Stalnaker continues to monitor the legislative changes in regards to COVID-19 Coronavirus for those benefits that affect businesses. Below is a list of what we know so far:

Category:  Coronavirus Go Health