Individuals who were HSA-eligible in 2024 have until the tax filing deadline, April 15, 2025, to make or receive 2024 HSA contributions. The 2024 HSA contribution limit is $4,150 for self-only HDHP coverage and $8,300 for any tier of HDHP coverage other than self-only. Employer HSA contributions, if any, are included in the applicable limit. Those aged 55 and older are permitted an additional catch-up contribution of $1,000. As indicated below,

The CAA, 2021 requires fully insured and self-insured group health plans to annually report certain information regarding prescription drug and healthcare spending to CMS. Reporting for the 2024 calendar year (termed the “reference year”) is due by June 1, 2025.

Under prior guidance, the Forms 1095-C must be delivered to full-time employees by March 3, 2025, by mail, hand delivery, or electronic delivery (the latter only if proper consent in accordance with IRS instructions). However, under the Paperwork Burden Reduction Act (PBRA), which was recently enacted, employers have the option to provide Form 1095-C to such employees only upon request.

Fully insured and self-insured plans (including level-funded plans) of all sizes, including church and governmental plans, must annually disclose to CMS whether their plan’s prescription drug coverage is creditable.

Large employers that sponsor fully insured or self-insured (including level funded) group health plans are required to report information to the IRS annually via Form W-2 regarding the cost of health coverage provided to employees during the prior calendar year.

The ACA requires large employers that sponsor fully insured or self-insured (including level funded) group health plans to report information to the IRS annually via Form W-2 regarding the cost of health coverage provided to employees during the prior calendar year. If PPI billed your medical plan during the reporting year, the Cost of Coverage report, found in your PPI Connect Portal, can be very helpful for completing this requirement.

Under prior guidance, the Forms 1095-C must be delivered to full-time employees by March 3, 2025, by mail, hand delivery, or electronic delivery (the latter only if proper consent in accordance with IRS instructions). However, under the Paperwork Burden Reduction Act (PBRA), which was recently enacted, employers have the option to provide Form 1095-C to such employees only upon request.

This legislation makes certain modifications to the ACA’s employer mandate reporting requirements that aim to simplify Forms 1095-B and 1095-C reporting for employers and health insurance providers

the CAA prohibits group health plans and insurers from directly or indirectly entering contracts offering access to provider networks that contain certain types of “gag clauses.” The CAA requires plans and insurers to annually attest to compliance with its gag clause prohibition for contracts entered since the first attestation made in 2023.

On October 22, 2024, the IRS issued Revenue Procedure 2024-40, providing certain cost-of-living adjustments for a wide variety of tax-related items, including health FSA contribution limits, transportation and parking benefits, qualified small employer health reimbursement arrangements (QSEHRAs), the small business tax credit, and other adjustments for tax year 2025. Those changes are outlined below.