Industry News

On May 20, 2020 the IRS released Revenue Procedure 2020-32 which provides the 2021 inflation adjusted amounts for high deductible health plans (HDHPs) Health Savings Accounts.

Below are the 2021… Read more
HSA
The IRS has extended the tax filing deadline to 7/15/2020.  This means that 2019 HSA contributions deadline is now 7/15/2020, previously 4/15/2020.

They also announced that the deadline for sending… Read more
HSA
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… Read more
Health FSA, HSA, HRA
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… Read more
The IRS released an important notice for HSA account holders regarding testing and treatment of COVID-19.

Read the notice here
HSA
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… Read more
HSA
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
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