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RELATED RESOURCES

Compliance Update: 2021 COBRA Subsidy Guidance Issued and COVID-19 PPE Now Qualified Medical Expense

Our national Employee Benefits Compliance Team is dedicated to helping you stay abreast of fast-changing legislative and regulatory developments and guidance related to health and welfare plans that could impact your business. This update will discuss guidance issued on the 2021 COBRA subsidy and changes making COVID-19 PPE a qualified medical expense.

Back to basics: Just what is the ESRP and what should I do about it?

The Employer Shared Responsibility Penalty (ESRP), introduced by the Affordable Care Act, requires applicable large employers (ALEs) to offer affordable and minimum value health coverage to their full-time employees (and their dependents), or to potentially pay tax penalties to the IRS. Whether you are new to the ESRP or your company is newly subject to the ESRP, this article covers some of the key details.

eBook: HSA Contribution Limits: From Simple to Complex

The IRS limits how much can be contributed to an employee’s health savings account (HSA) each year. In 2021 those amounts are $3,600 for employees with single high-deductible health plan (HDHP) coverage and $7,200 for those with family HDHP coverage. Sure, those amounts change from year to year but otherwise it seems very straightforward. And in most cases, it is. But there are several hidden assumptions built into those annual maximum limits. Change any of those facts and the maximum contribution limit changes as well.

Download this eBook today: HSA Contribution Limits: Simple to Complex