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Corporate News
Lifetime Benefit Solutions Recognized by WEX for Outstanding Achievements
Posted on: 5/20/2021 11:00 AM
Lifetime Benefit Solutions has been honored by WEX (NYSE: WEX), with a 2020 Partner Award for outstanding business achievements. Lifetime Benefit Solutions recently received the COBRA Partner of the Year Award from WEX, a leading financial technology service provider across a wide spectrum of sectors, including fleet, corporate payments, travel, and health.… Read More
COVID-19 News
2022 Limits for Health Saving Accounts and High-Deductible Health Plans
Posted on: 5/21/2021 10:35 AM
On May 10, 2021, the Internal Revenue Service (IRS) announced (see Revenue Procedure 2021-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).… Read More
Regulatory News
2022 Limits for Health Saving Accounts and High-Deductible Health Plans
Posted on: 5/21/2021 10:00 AM
On May 10, 2021, the Internal Revenue Service (IRS) announced (see Revenue Procedure 2021-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs). The amounts for 2022 are as follows: Annual limitation on deductions to an HSA: Self-Only coverage is $3,650, which increased $50 from 2021 Annual limitation on deductions to an HSA: Family coverage is $7,300, which increased $100 from 2021 HDHP – Self-Only coverage … Read More
Retirement News
Setting Every Community Up for Retirement Enhancement (SECURE) Act
Posted on: 2/20/2020 4:21 PM
On December 20th, 2019, the Secure Act was signed into Law, a bill to help employers implement retirement plans for their employees. Please find below some of the many changes, affecting qualified retirement plans, brought about with this bill:• Increase of tax credit limit for small employer pension plan start-up costs: Existing tax credit of $500 for a plan’s start-up costs has been increased to as much as $5,000 per year for the first three years, encouraging small employers to adopt plans.… Read More