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Are HSA Contribution Programs Ever Subject to ERISA?

Are HSA Contribution Programs Ever Subject to ERISA?

QUESTION: We are planning to add an HDHP and to make company contributions to employees’ HSAs. We have been told that an HSA contribution program—unlike the HDHP coverage—would not be subject to ERISA. Is that always true, or are there circumstances in which...

Are PCOR Fees Plan Expenses?

Are PCOR Fees Plan Expenses?

QUESTION: Our company sponsors a calendar-year self-insured major medical plan subject to ERISA. Are we permitted to treat Patient-Centered Outcomes Research (PCOR) fees as plan expenses? ANSWER: The DOL has indicated that PCOR fees generally are not permissible...

IRS Announces 2024 Standard Mileage Rates and Maximum Vehicle Values

IRS Announces 2024 Standard Mileage Rates and Maximum Vehicle Values

The IRS has announced the optional 2024 standard mileage rates for business, medical, and other uses of an automobile, and the 2024 vehicle values that limit the application of certain rules for valuing an automobile’s use. For 2024, the business standard mileage rate...

Is the HSA Contribution Limit an Annual or Monthly Limit?

Is the HSA Contribution Limit an Annual or Monthly Limit?

QUESTION: How does the general contribution limit for HSAs work? It is often stated as an annual limit, but isn’t it really monthly? Our company is thinking about changing to HDHP coverage that would allow our employees to make HSA contributions. If we decide to...

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