Compliance Stuff

As health care costs continue to rise, benefits professionals  play a critical role in helping employees manage their out-of-pocket medical expenses . One of the most effective tools at their disposal is a health flexible spending account (FSA), an employer-sponsored account that allows employees to set aside pre-tax dollars for qualified health care costs.  In a positive development,  the IRS has increased the annual FSA contribution limit to $3,400  for 2026, up from $3,300 in 2025 and $3,200 in 2024. This adjustment, tied to inflation through the Chained Consumer Price Index, reflects the reality that health care is becoming more expensive and underscores the need for ongoing benefits education.  For HR professionals, this change represents an opportunity to strengthen communication, improve enrollment outcomes, and reinforce the organization's commitment to employee financial wellness.  Understanding the FSA Advantage FSAs allow employees to contribute...

Takeaways Republicans in the U.S. House of Representatives attempt to deliver on President Trump’s campaign promises in the One Big Beautiful Bill Act (BBB or the Act), which passed the House by a razor-thin margin of 215 in favor and 214 opposed on May 22, 2025 .  BBB shows favoritism of Health Savings Accounts and Health Reimbursement Account benefits , making changes to broaden their scope, increase utilization, and bolster savings.   The Act also provides a glimpse into legislative or regulatory changes that may be on the horizon for ERISA-governed plans, including standards for Pharmacy Benefit Manager compensation, contractual requirements, and disclosures applicable to government-subsidized plans.  Related Links One Big Beautiful Bill Act (H.R. 1) Executive Order:  Lowering Drug Prices by Once Again Putting Americans First Executive Order:  Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients Fact Sheet: President Donald J. T...