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Posts from: December 2016

Know Your Limits!

Author: Jan Fernandez Posted: December 20, 2016

I know it seems like turkey day was just here and now holiday celebration, decorations, and shopping are in full swing, but it’s time to start planning for 2017 expenses. The IRS revealed the new limits for HSA, FSA, 401 (k) and other tax deferred accounts. Let’s start with the HSA/HDHP limits. First – how much can I put away in 2017? For individuals, the IRS increased the limit by $50 allowing $3,400 to be socked away […]

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From The Blog - Is this a Football Game or are we talking about Health Insurance?

It feels like a quarterback calling out a play, 6056, 1095, 4980H – HIKE!, but employers are reporting which employees had health insurance and for how many months during the year. The Affordable Care Act (ACA) created reporting requirements in Internal Revenue Code (Code) Section 6056. Under these rules, applicable large employers Applicable Large Employer (ALEs) subject to the employer shared responsibility rules must provide information to the Internal Revenue Service (IRS) about the coverage […]