Industry News

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… Read more
Health FSA
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… Read more
Health FSA
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… Read more
Health FSA, HSA, HRA
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… Read more
Health FSA
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 excise tax on high cost health plans, commonly… Read more
HSA
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… Read more
HRA
Last week, we shared the President's announcement of guiding principles for Congress to follow in developing a bill that will eliminate surprise medical billing. House Energy and Commerce Committee… Read more
The “Cadillac Tax” may be one step closer to full repeal under a new House rule that came in to effect earlier this year for the 116th Congress (read more about this rule here). The rule provides for… Read more
Last Thursday, the President announced the introduction of guiding principles for Congress to follow in developing a bill that will eliminate surprise medical billing. The guidelines are as follows… Read more
The Employers Council on Flexible Compensation (ECFC), an organization that we are members of and support, signed a stakeholder letter, along with over 500 other organizations, supporting the repeal… Read more
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