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… 65, a news alert to remind taxpayers and health plan spending account administrators that personal expenses for “health and wellness” are not medical expenses as defined by the Internal Revenue Code (IRC). This means that these types of expenses are not reimbursable under health flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) or health savings accounts (HSAs). In the alert, IRS commissioner Danny Werfel states, “Legitimate medical expenses have an important place in the tax law that allows for reimbursements…But taxpayers should be careful to follow the rules amid some aggressive marketing that suggests personal expenditures on things like …

… cautious not to differentiate benefits design or eligibility due to Medicare entitlement or eligibility, nor should employers incentivize employees to take Medicare over the group health plan. Special Alert: IRS Releases 2024 FSA Limits On November 9, 2023, the Internal Revenue Service (IRS) released updated limits for health flexible spending arrangements (FSAs) and commuter benefits. These limits are adjusted annually for inflation. Limits for Dependent Care Assistance Programs (DCAP) are set by statute and not adjusted annually for inflation. Considerations for Compliant Family-Building Benefits Family-building programs, also commonly referred to as fertility or infertility benefit programs, are becoming …

… ACA), even if those services would otherwise be considered out-of-network. As a reminder, services subject to the prohibition against balance billing are air ambulance claims, emergency services, and services provided by an out-of-network provider at an in-network facility.    Additionally, the FAQs clarify that any contractual arrangement with an air ambulance provider, direct or indirect, makes the air ambulance provider a “participating provider” for purposes of the NSA. Separately, the FAQs indicate that facility fees fall under the definition of “items and services” which are protected under the NSA (and subject to in-network cost-sharing …

… HSAs. Revenue Procedure 2023-23 also updated the IRS maximum limit for an excepted benefit health reimbursement arrangement (HRA) in 2024. WEBINAR Join our 2023 Compliance Webinar Series Stay up to date on employee benefits compliance Find Out More  Additional Updates & Resources Reminder! PCORI Fee Due July 31 Employers who sponsored self-funded medical plans that ended sometime during 2022 are required to report and pay the ACA Patient-Centered Outcomes Research Institute (PCORI) fees no later than July 31. Fully insured plan sponsors can rely on their carriers to submit the fee on their behalf, but fully insured …