With the passing of the American Rescue Plan Act (ARPA) back in mid-March, and the legislature that has been introduced over the past few months, we have seen a ripple effect impacting employers and employees alike. While these effects are ultimately designed to help carry organizations through these difficult times, they might feel overwhelming for a busy employer to grasp and administer.
Our goal is to support you in what you do best – running your business. With that in mind, here is a recent update from the federal government that will likely have a direct impact on you and your organization.
On May 10, 2021, the IRS released the Revenue Procedure 2021-25, which shows the 2022 high deductible health plans (HDHPs) Health Savings Accounts (HSA) amounts, adjusted for inflation.
The amounts for HSAs for 2022 as compared to 2021 are as follows:
We know there is a lot going on right now, and it can feel a little muddy. If you have any questions, please feel free to contact your Account Manager or JFA contact. We are here to help. Thank you!