Monthly Archives:   June 2018

2019 IRS HSA Limits

The IRS has released the 2019 inflation adjustments affecting HSAs and HDHPs. The 2019 IRS HSA limits are as follows: ITEM 2018 2019 Annual Contribution Limit – Individual $3,450 $3,500 Annual Contribution Limit – Family $6,900 $7,000 Annual Catch-Up Contribution Limit (Age 55 to 65) $1,000 $1,000 Minimum Deductible for...

IRS Releases 2019 ACA Affordability Threshold

     The IRS has released a Revenue Procedure, which increases the affordability threshold for ACA (“Affordable Care Act”) Employer Mandate Purposes (“Pay or Play”) to 9.86% for plan years beginning in 2019. For reference purposes: ·         2015 Percentage: 9.56%  ·         2016 Percentage: 9.66% 2017 Percentage: 9.69% 2018 Percentage: 9.56%...

TEC Community Day 2018

Every year, the employees at TEC Benefits dedicate a day to giving back to the community. On Friday, May 18th, 2018, TEC Community Day took us to the Pine Valley Camp, located amid the verdant forests of Ellwood City, PA. Pine Valley Camp is a summer camp that aims to,...