The IRS released its annual inflation-adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for the 2026 calendar year (Revenue Procedure 2025-19). If your organization offers an HDHP with an HSA, now is the time to review these updates and prepare for open enrollment.  [Download the full PDF here]  What’s changing in 2026  The HSA contribution limit is increasing to $4,400 for self-only coverage and $8,750 for family coverage.  The HDHP minimum deductible will rise to $1,700 for self-only and $3,400 for family coverage.  The HDHP out-of-pocket maximum will increase to $8,500 for self-only and $17,000 for family coverage.  The HSA catch-up contribution for individuals age 55+ remains unchanged at $1,000.  Why it matters  Employers sponsoring HDHPs should review their plan designs to ensure compliance with these new limits. Now is also a good time to update employee communications so that workers can take full ...

This month's highlights  Topic #1: Class-action lawsuits target health plan tobacco surcharges.  Topic #2: IRS issues ACA reporting guidance on individual statements.  Welcome to the April 2025 edition of Benefits Buzz! In this issue, we dive into the latest on employee benefits, wellness programs and ever-evolving workplace dynamics. Stay informed and gain insights that help you make the most of your benefits package.  Download the full story  Download the PDF below for an in-depth look at this month's topics. Dive deeper into guidance that can help you leverage your benefits to their full potential. Don't miss out on valuable insights that could improve your professional and personal life.  [Download the Full Story]   Stay informed, stay empowered and make the most of your benefits with Benefits Buzz! Be sure to follow us on LinkedIn for monthly updates and never miss out on the latest in benefits news.  Questions?  Contact TruePlan . Our...

As an employer, you may be asking yourself, “What is a wrap document, and why is it important?” Before we get into the full definition, let’s review the history behind wrap documents to better understand how they originated and why they’re important. The federal Employee Retirement Income Security Act of 1974 set minimum standards for employee benefit plans maintained by private-sector employers. Under ERISA, employer-sponsored welfare benefit plans, such as group health plans, must be described in a written plan document. In addition, employers must explain the plans’ terms to participants by providing them with a summary plan description. The insurance certificate or benefit booklet provided by an insurance carrier or other third party for a welfare benefit plan typically does not satisfy ERISA’s content requirements for plan documents and summary plan descriptions. However, employers may use wrap documents in conjunction with the insurance certificate or benefit booklet to satisfy E...