Agents

What are the differences between a medical flexible spending account (FSA) and a health savings account (HSA)? Both are tax-favored accounts that allow participants to pay for qualifying medical expenses with pretax dollars, but each is governed by different legislation with different requirements.

In Notice 2018-12, released March 5, the IRS has taken the position that benefits for male sterilization and male contraceptives are not preventive care under Code Section 223.

IRS Notice 2018-06 announces a 30-day extension of the deadline to furnish 2017 Forms 1095-C to employees, until March 2, 2018.

The Tax Cuts and Jobs Act (the “Act”), signed into law by President Trump on December 22, 2017, effectively repeals the requirement under the Affordable Care Act (ACA) that most Americans obtain ACA-compliant health coverage, effective in 2019.

The Health Insurance Portability and Accountability Act (HIPAA) imposes obligations on employer-sponsored group health plans. Plans subject to HIPAA include health, dental, and vision plans, health reimbursement arrangements, medical flexible spending accounts, and employee assistance programs.