The IRS recently published two notices which describe the tax treatment of amounts paid for condoms and expand the list of preventive care benefits permitted to be provided by a high deductible health plan (HDHP) without...more
11/18/2024
/ Birth Control ,
Compensation & Benefits ,
Contraceptive Coverage Mandate ,
Employee Benefits ,
Flexible Spending Accounts ,
HDHP ,
Health Insurance ,
Health Savings Accounts ,
Healthcare ,
Internal Revenue Code (IRC) ,
IRS ,
Medical Expenses ,
Over The Counter Drugs (OTC) ,
Reproductive Healthcare Issues
Seyfarth Synopsis: The IRS has announced an increase to the applicable dollar amount for determining the Patient-Centered Outcomes Research Institute (“PCORI”) Fee for 2024 as well as other health and welfare limits....more
Seyfarth Synopsis: In light of the end of the COVID-19 National Emergency and Public Health Emergency, the Internal Revenue Service (“IRS”) has announced the end of prior COVID-19-related special rules for health plan...more
7/13/2023
/ Coronavirus/COVID-19 ,
Employee Benefits ,
HDHP ,
Health Insurance ,
Health Savings Accounts ,
Infectious Diseases ,
Internal Revenue Code (IRC) ,
IRS ,
Public Health ,
Public Health Emergency ,
Virus Testing
The Internal Revenue Service (IRS) recently released 2022 cost-of-living adjustments applicable to dollar limitations for employer-sponsored health and welfare plans and retirement plans....more
Seyfarth Synopsis: The IRS has announced the adjustments to key limits for certain health and welfare benefit programs, including HDHP deductibles, HSA and FSA contributions, and other fringe benefit options for 2021....more
Seyfarth Synopsis: The IRS announced the new rate for calculating the PCORI fee and provided some transition relief, but did not extend the deadline of July 31st for paying the fee. In May, the IRS issued Rev. Proc. 2020-32...more
On May 12, the IRS released Notices 2020-29 and 2020-33, which collectively provide various forms of relief under the existing IRC Section 125/129 rules in light of the COVID-19 pandemic. ...more