The Internal Revenue Service Wednesday issued its yearly changes to health spending account contribution limits and out-of-pocket maximums to adjust for cost-of-living. While the changes are expected and almost meaningless because so small, employees dont always understand the concept of out-of-pocket maximums, according to one benefit adviser.
Thats another aspect of the ACA that most consumers just dont get, says David C. Smith, a broker at Raleigh-Durham, N.C.-based Ebenconcepts.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access