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.