On 11/10/21 the IRS released Revenue Procedure 2021-45 revising the Health Care FSA and Limited Purpose FSA maximum for 2022. The new maximum will be $2,850. For plans that permit the carryover of unused amounts, the maximum carryover amount has … Read More

DBS will be closed on the following dates: November 25, 2021 November 26, 2021 December 24, 2021 December 27, 2021 December 31, 2021 (closing at 2:00) January 3, 2022 Claims Deadline and Reimbursement Dates are adjusted as follows: Claims Deadline … Read More

The IRS released Revenue Procedure 2021-25 which provides the 2022 inflation adjusted amounts for High Deductible Health Plans (HDHPS) and Health Savings Accounts (HSAs). Contribution Limits for 2022 The HSA contribution limit for individuals with self-only HDHP coverage is $3,650. … Read More

On Thursday March 11, 2021, the American Rescue Plan Act of 2021 (ARPA) was signed into law. ARPA is a wide ranging Act, however one purpose of the legislation is to provide additional COVID-19 relief to individuals who have been … Read More

On Friday February 26, 2021, the Department of Labor (DOL) released Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01. This Notice applies to the prior relief, Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by … Read More

On Thursday, March 11, 2021 the American Rescue Plan Act (ARPA) of 2021 was signed into law. The purpose of this legislation was, in part, to provide additional COVID-19 relief to individuals. ARPA contains several provisions that impact employee benefits, … Read More

Updated 1/18/2021 Legislation was passed by Congress on 12/21/2020 and it was signed into law on 12/27/2020. The COVID-19 Relief Bill is referred to as the Consolidated Appropriations Act of 2021. The legislation has significant and positive implications for FSAs … Read More

IRS releases standard mileage rates for 2021. The 2021 standard mileage rate is 16¢ per mile (down from 17¢ from 2020) for use of an auto (1) for medical care described in Code Sec. 213.

DBS will be closed on the following dates: December 24th December 25th December 31st at 2pm January 1st, 2021 Claims Deadline and Reimbursement Dates have been adjusted due to 2020 Federal Banking Holidays. Banks are closed on December 25th and … Read More

The IRS released Notice 2020-84 that adjusts the amount of the PCOR fee for health plan or policy years that end on or after October 1, 2020 and before October 1, 2021. The new fee is $2.66. The adjustment is … Read More