IRS Releases Benefit Limits for 2020November 6, 2019  Today, the Internal Revenue Service announced in Revenue Procedure 2019-44 the annual inflation adjustments for more than 60 tax provisions for 2020, including the tax rate schedules, and other tax changes. This Revenue Procedure provides details about these annual adjustments:   There are several benefit limitations for 2020 included:  * The annual dollar limit on employee contributions to employer-sponsored healthcare flexible spending a… Read More
On May 28, 2019, the IRS released  Revenue Procedure 2019-25  which provides the 2020 inflation-adjusted amounts for high deductible health plans (HDHPs) Health Savings Accounts.The amounts for HSAs for 2020 as compared to 2019 are as follows:    2019Rev. Proc. 2018-30 2020Rev. Proc. 2019-25 Annual limitation on deductions to an HSA – self-only coverage $3,500 $3,550 Annual limitation on deductions to an HSA – family coverage $7,000 $7,100 HDHP – self-only coverage … Read More


Peak1 Earns HITRUST Certification

Peak1 Administration LLC Achieves HITRUST CSF® Certification to Manage Risk, Improve Security Posture and Meet Compliance Requirements.  Coeur d’Alene ID December 12, 2018 – Peak1 Administration LLC, a leading provider of single source solution for FSA, HRA, VEBA, Section 115, HSA, Transportation, Retiree Billing and COBRA administration products and services, today announced Peak1 Administration has earned Certified status for information security by HITRUST.  HITRUST CSF Certified status dem… Read More

MAY 5TH, 2017

2018 HSA Limits Released

The IRS released the 2018 figures for HSAs in Revenue Procedure 2017-37 yesterday, May 4, 2017. The table below illustrates the new limits. Health Savings Account (HSA)       2014 2015 2016 2017 2018 Minimum deductible amounts for the qualifying high-deductible health plan (HDHP) Individual coverage $1,250 $1,300 $1,300 $1,300 $1,350 Family coverage $2,500 $2,600 $2,600 $2,600 $2… Read More


President Signs HRA Revisions

Yesterday, President Obama signed H.R. 34, which includes a variety of healthcare provisions, including the 21st Century Cures Act and the Peak1-supported HRA provision for eligible small employers. For HRA provision specifics, see page 824, section 18001 of the legislation. The provision allows for eligible small employers to offer Health Reimbursement Arrangements (HRAs) that are funded solely by the employer to reimburse employees for qualified medical expenses, including health insurance pr… Read More
November 7, 2016 Larry Grudzien, Attorney at Law    In Notice 2016-64, IRS increased the patient-centered outcomes research institute (PCORI) fee for health plan or policy years ending on or after October 1, 2016, but before October 1, 2017 by 9 cents to $2.26 times the average number of covered lives under the plan or policy.  The fee was $2.17 for health plan or policy years ending on or after October 1, 2015, but before October 1, 2016.   This temporary Affordable Care Act fee applies to… Read More
The Internal Revenue Service today announced the tax year 2017  annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2016-55 provides details about these annual adjustments. Of these adjustments, the following will be of most interest to ECFC members: For the taxable years beginning in 2017, the dollar limitation under § 125(i) on voluntary employee salary reductions for contributions to health flexible spend… Read More
As a Peak1 debit card holder, you now have access to complimentary MasterCard ID Theft Protection!  MasterCard  ID Theft Protection**  delivers comprehensive peace of mind via proactive monitoring and faster, more complete and reliable resolutions.   MasterCard  provides top-tier protection services including best-in-class Internet monitoring, identity theft alerts, identity restoration and lost wallet restoration. What’s more, the Enhanced Monitoring and Resolution Service expands on this prote… Read More
August 31, 2016 - Larry Grudzien, Attorney at Law    On August 29, 2016, CMS proposed new annual cost-sharing limits for nongrandfathered group health plans for 2018.  It would increase to $7,350 for individuals and $14,700 for families in 2018. This would be a 2.8% increase from the 2017 limits, which cap out-of-pocket costs for in-network covered essential health benefits under nongrandfathered group health plans at $7,150 for self-only coverage and $14,300 for broader coverage.   Please r… Read More
July 12, 2016 - Alegeus Technologies Recently the U.S. House of Representatives took steps to enact five bills that will increase the availability and usability of account-based healthcare, especially HSAs. If passed by the Senate and signed into law, these bills will ease restrictions on the use of HRAs for small employers, expand the availability of HSAs to populations being served by the VA and Indian Health Services, and provide individuals and families with more flexibility when using an H… Read More
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