Level Funded Health Plans: Unveiling 5 Game-Changing Benefits | IXSolutions
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The 2022 contribution limits for certain employee benefit programs were released by the Internal Revenue Service (IRS) this November. Here is a summary of some of those contribution limit adjustments for Health FSAs, Dependent Care FSAs, Commuter Programs, and Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs).
Note: Plan years ending in 2021 may optionally allow unlimited carryover to the 2022 plan year because of a temporary provision that was included in the Consolidated Appropriations Act of 2021 (CAA).
Note: The $10,500 contribution limit (or $5,250 if married filing taxes separately) for the 2021 calendar year was a one-year temporary provision that was included in the American Rescue Plan Act (ARPA).
Earlier this year, the IRS issued a separate Revenue Procedure with the limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs). To read through those limits again, please click here.
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Today, we work with companies, individuals, and Medicare eligible individuals to provide solutions to the complex insurance industry. We are a trusted partner to thousands of clients, brokers, and associations across the country.