08 Dec 2016 Annual Limits Card back by popular demand
Many employee benefit limits are automatically adjusted each year for inflation (this is often referred to as an “indexed” limit).
UBA offers a quick reference chart showing the 2016 cost of living adjustments for health and Section 125 plans, qualified plans, Social Security/Medicare withholding, compensation amounts and more. This at-a-glance resource is a valuable desk tool for employers and HR practitioners.
The UBA snapshot of the health plan limits shows few changes. Limits increasing include maximum HDHP out-of-pocket, maximum family HSA contribution, maximum out-of-pocket for non-grandfathered plans.
The Transitional Reinsurance Fee limit will decrease in 2016.
To receive a complete chart of Health Plan Limits, contact Hierl Insurance today.