On April 29, 2022 the Internal Revenue Service released Revenue Procedure 2022-24 which provides the 2023 inflation adjusted amounts for high deductible health plans (HPHPs) and Health Savings Accounts. The amounts for HSAs for 2023 as compared to 2022 are as follows: 2023Rev. Proc. 2022-24 2022Rev. Proc. 2021-25 Annual limitation on deductions to an HSA – self-only coverage $3,850 $3,650 Annual limitation on deductions to an HSA – family coverage $7,750 $7,300 HDHP – self-only coverage annual deductible not less than: $1,500 $1,400 HDHP – self-only coverage annual out-of-pocket expenses do not exceed: $7,500 $7,050 HDHP – family coverage annual… Read More
The APEX (Alegeus Performance Excellence) awards honor clients who have demonstrated leadership and achieved exceptional business results using the Alegeus platform. Clients received recognition at the virtual 2022 Alegeus Client Success Summit on April 4, 2022. Peak One Administration won in the category of Employee Penetration Rate, which recognizes exceptional results in helping a high rate of eligible employees enroll in CDH accounts and take control of their healthcare spending. “We are pleased to honor this year’s winners for their outstanding performance and dedication,” said Karen Thomas, chief growth officer at Alegeus. “Their efforts help to drive the consumer-directed healthcare… Read More
Website opens in pilot phase a day ahead of its planned debut The tests are likely to start to ship in late January, the U.S. Postal Service says. By Brianna Abbott Follow Updated Jan. 18, 2022 4:58 pm ET The Biden administration began taking orders for free Covid-19 tests on Tuesday, a day ahead of the planned launch of its website for ordering and distributing rapid Covid-19 tests to Americans. The website is operating at limited capacity ahead of the official launch, White House press secretary Jen Psaki said. She called it a standard practice to address troubleshooting and ensure… Read More
January 10, 2022 CMS NEWS FOR IMMEDIATE RELEASE Contact: CMS Media Relations CMS Media Inquiries As part of its ongoing efforts across many channels to expand Americans’ access to free testing, the Biden-Harris Administration is requiring insurance companies and group health plans to cover the cost of over-the-counter, at-home COVID-19 tests, so people with private health coverage can get them for free starting January 15th. The new coverage requirement means that most consumers with private health coverage can go online or to a pharmacy or store, buy a test, and either get it paid for up front by… Read More
On December 21, 2021, the IRS released Notice 2022-4 which updated the amount of the Patient-Centered Outcomes Research Trust Fund fee that self-insured health plans must pay for plan years ending on or after October 1, 2021, and before October 1, 2022. The PCORI fee is calculated using the average number of lives covered under the policy or plan and the applicable dollar amount for that policy year or plan year. The applicable dollar amount was $2.00 when the fee was enacted as part of the Affordable Care Act and that amount is increased annually based on increases in the… Read More
