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After several very quiet months this year, April saw renewed compliance activity. The IRS provided guidance on transportation fringe benefits unused due to COVID-19 workplace changes and announced inflation-adjusted amounts for HSAs and HRAs. The Centers for Medicare & Medicaid Services (CMS) announced Medicare Part D rates and the parameters and thresholds for qualified retiree prescription drug coverage. The Department of the Treasury and the IRS issued a proposed rule to base Marketplace premium tax credit (PTC) eligibility on the cost of family health insurance coverage rather than individual coverage to fix the “family glitch” related to PTC eligibility.
Download the full recap for more on:
- Unused Transportation Fringe Benefits
- 2023 Parameters for Medicare Part D Prescription Drug Benefit
- Proposed Rule to Fix Family Glitch in Obtaining ACA Marketplace Tax Credits
- Guidance on Machine-Readable File Format under New Transparency Rules
- 2023 Benefit and Payment Parameters Final Rule
- 2023 HSA and HDHP Amounts
- Question of the Month: Does coverage under an EAP, disease management program, or wellness program make an individual ineligible to contribute to an HSA?
This information has been prepared for UBA by Fisher & Phillips LLP. It is general information and provided for educational purposes only. It is not intended to provide legal advice. You should not act on this information without consulting legal counsel or other knowledgeable advisors.
