Pre-Tax Benefit Limit Increases for 2017

With the end of the year soon upon us, we wanted to remind you of the new contribution limits for various taxed deferred accounts for 2017.  The IRS released the new limits a couple months ago and yet again increased many of the limits.

New HRA Guidlines For Small Businesses

The Senate recently passed the 21st Century Cures Act ("Act"). The House had passed it the week before.  The President is expected to sign it in the next few days. 

This Act contains provisions for "Qualified Small Business Health Reimbursement Arrangements" ("HRA"). This new HRA would allow eligible small employers to offer a health reimbursement arrangement funded solely by the employer that would reimburse employees for qualified medical expenses including health insurance premiums.