May 6th, 2013 § Comments Off § permalink
Benefits Alert 2013-01
Trish Neely, CFCI
The IRS just released the cost of living adjustments for High Deductible Health Plans and Health Savings Accounts. These adjustments are important even if you do not have a high deductible plan. Beginning in 2014, a health plan’s out-of-pocket maximums for any given plan year cannot exceed the maximum permitted for the high-deductible health plan (HDHP) coverage for that year. As highlighted below, the dollar limits on the out-of-pocket maximum under an HDHP for 2014 are $6,350 for self-only coverage and $12,700 for family coverage. 
January 31st, 2013 § Comments Off § permalink
Matt Coniglio & Trish Neely, CFCI
October 23rd, 2012 § Comments Off § permalink
Trish Neely, CFCI
To date we have HSA/HDHP adjustments, and the AARP recently released an estimated increase of 1.8 percent for Social Security Recipients for 2013 compared to a 3.6 percent increase in 2012. It is a bit early for retirement vehicles and qualified transportation benefits – expect those toward the end of the year. See companion article on qualified transportation benefits (QTB).
This article is intended to provide accurate and authoritative information on the subject matter covered. It is distributed with the understanding that neither the authors nor FBMC are rendering legal, accounting, or other professional advice and assume no liability in connection with its use. No portion of this article may be reprinted or used without written permission from FBMC. Copyright 2012, FBMC.
October 23rd, 2012 § Comments Off § permalink
Florrie Jones, CFC
If your plan includes a Health Savings Account (HSA), this is a reminder of the obligation for participants to report contributions, distributions, and potential penalties.
July 12th, 2012 § Comments Off § permalink
Outlook for TFAs
Trish Neely, CFCI
Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Medical Flexible Spending Arrangements (MFSAs) are individual account-based health plans; HRAs and HSAs are also linked to health plans. What is their future post-Supreme Court Ruling?
