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Quick Facts The Internal Revenue Service (IRS) updates High Deductible Health Plans (HDHP) and Health Savings Account (HSA) limits annually for inflation. In May 2022, the IRS released Revenue Procedure 2022-24 updating cost-sharing limits for HDHPs, maximum HSA contribution limits and the maximum amount that may be made available for an excepted benefit Health Reimbursement Arrangement (HRA) in 2023. Overview The IRS recently released Revenue Procedure 2022-24, which includes the 2023 inflation-adjusted amounts for HSAs, HDHPs and excepted benefit HRAs. These limits include the maximum HSA contribution limit, the minimum deductible amount for HDHPs, the maximum …

… the way employer-sponsored coverage would be treated when determining if a family is eligible for premium tax credits (PTC) when purchasing individual health insurance through a public Marketplace. The proposed rules would fix the so-called “family glitch” that currently requires employer plan affordability to be based on the employee-only cost for coverage, while not taking into consideration the cost for the employee’s family to participate. The change would allow more spouses and dependents to qualify for premium tax credits toward the cost of individual health coverage purchased through a public Exchange. Current Rules and Proposed Changes …

Quick Facts The Affordable Care Act (ACA) provides 58 million women and 37 million children access to preventive services with no cost-sharing. Additions to the list of covered preventive screenings aim to further reduce out-of-pocket expenses for women, infants, children and adolescents. Updates to preventive services include coverage for breast pumps and lowering the age for at-risk teens to 13 years of age for Human Immunodeficiency Virus (HIV) screening. The new guidelines take effect for plans starting in 2023. Background Under the ACA which was signed into law in March 2010, certain preventive services and screenings …