IRS Releases 2011 HSA Plan Limits - No Changes from 2010

The IRS released Revenue Procedure 2010-22 that provides the 2011 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal Revenue Code.

The amounts for 2011 are unchanged from the amounts for 2010 because, after the application of the cost-of-living adjustment rules of Section 223(g) (including the rounding rule of Section 223(g)(2)), the changes in the Consumer Price Index for the relevant period do not result in changes to the amounts for 2011.

May 24, 2010 · Categories: HSA · Read article »

Agencies Provide Guidance With Regard to Requirement to Extend Coverage to Adult Dependent Children

By John Hickman, Esq. and Ashley Gillihan, Esq., Alston & Bird, LLP

The agencies (Treasury, Labor, and HHS) issued regulations yesterday regarding PPACA's new requirement on group health plans that offer coverage of dependent children to extend coverage to children up to age 26. This rule applies to health coverage (including grandfathered plans) other than HIPAA excepted benefits.

May 17, 2010 · Categories: General, HSA, HRA, FSA, COBRA · Read article »