The Internal Revenue Service (IRS) released Rev. Proc. 2020-23 that provides the 2021 inflation adjusted amounts for health savings accounts (HSAs) and HSA-qualifying high deductible health plans (HDHPs).
Information regarding administration and new policies for returning to work post COVID-19, social distancing, employee health monitoring, remote work policy, how to manage on-site employees during the Coronavirus Pandemic, leadership during a crisis.
The Internal Revenue Service (IRS) issued IRS Notice 2020-33 (Notice) that increases the limit for unused health flexible spending account (health FSA) carryover amounts from $500 to a maximum of $550 (carried over from a 2020 plan year to a 2021 plan year), as adjusted annually for inflation.
Texas passed a law that prevents some surprise medical bills, but the law doesn’t apply to everyone and every situation, so check out this video from BCBS to learn how to protect yourself.