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New COBRA Premium Assistance Program On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (Act) into law. This massive economic stimulus package includes important new COBRA compliance obligations including premium assistance for employees (and their families) who are involuntarily terminated between September 1, 2008 and December 31, 2009 with as much as a nine month subsidy to help them continue receiving their employer's health benefits. More... 2009 HSA CONTRIBUTION LIMITS The IRS announced the new 2009 HSA contribution limits. Maximum contribution for a Single is $3,000, while Family is $5,950. The Catch up rule for those over age 55 has been increased to $1,000.
Also in the new rules - participants may now contribute up to the annual limit regardless of the amount of their deductible or when they enrolled in an HDHP.
If you have any questions about a HSA Plan - please contact our office.
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