Last week, the president signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing $2 trillion dollars in economic relief to businesses and individuals. Included in this bill are two provisions that will greatly…

On March 21st, the IRS announced that the 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020 (Read the notice here). In…

The IRS released an important notice for HSA account holders regarding testing and treatment of COVID-19. Read the Notice…

This week, Congress will be considering year-end spending packages providing funding for the government. Included in these packages are several tax provisions; one of those provisions is a full repeal of the excise tax on high-cost health plans…

On November 6th, the IRS released Revenue Procedure 2019-44 containing the annual cost-of-living adjustments for various tax provisions for the upcoming year. The new maximum contribution amount for Flexible Spending Arrangements (FSAs)…

Proficient Benefit Solutions is a member of the Employers Flexible Council on Compensation (also known as the ECFC). This organization advocates for the expansion and improvement of tax advantaged benefit plans such as FSAs, HSAs and…

On Wednesday, October 23rd the Ways and Means Committee passed H.R. 1922, H.R. 3708, and H.R. 4716 to be taken up by the full House of Representatives. These bills would greatly expand and improve consumer directed healthcare plans by: …

On October 3rd President Trump signed Executive Order 13890 titled “Protecting and Improving Medicare for Our Nation’s Seniors.” The order details expansions and improvements that are to be made to free-for-service (FFS) Medicare and…

Last night, July 17th, the House of Representatives passed Bill& H.R. 748& with an overwhelming majority of 419 to 6. This bill would finally repeal the…

On June 13, 2019, the IRS along with the Departments of Labor and Health and Human Services issued the final HRA rules. We are excited about these rules because they effectively expand opportunities for working men and women and their families to…