The Wagner Law Group
Wagner Law Group, A Professional Corporation, is a nationally
recognized ERISA & employee benefits, estate planning,
employment, labor & human resources practice.
in 1996, The Wagner Law Group has 26 attorneys engaged
exclusively in employee benefits, estate planning and
employment law. Six of our attorneys are AV rated by
Martindale-Hubbell as having very high to preeminent legal abilities
and ethical standards. The firm is among the largest ERISA boutiques
in the country. Our practice is national in scope, with clients in
more than 40 states and several foreign countries.
Wagner Law Group
Fax: (561) 293-3591
7108 Fairway Drive
Palm Beach Gardens, FL 33418
East Kennedy Boulevard
Tampa, FL 33602
Francisco, CA 94104
100 South 4th Street, Suite 550
St. Louis, MO 63102
November 22, 2016
Health and Welfare Law
IRS Releases 2017
Limits for Welfare Benefit Plans, Health FSA and HSA Limits Increase
has released the 2017 inflation-adjusted limits for certain employee
welfare benefit plans and the dollar amounts used for certain
FSAs. The limit for employee
salary reduction contributions for health flexible spending account
coverage has been increased to $2,600, an increase of $50 over the
amount for 2016.
Savings Accounts. The 2017 limit
on contributions to health savings accounts ("HSAs")
increases to $3,400 for a self-only HSA and $6,750 for a family HSA.
For 2017, a high deductible health plan ("HDHP") must have
a minimum deductible of $1,300 for self-only coverage, and $2,600 for
family coverage. The maximum out-of-pocket amount for an HDHP
(including deductibles, co-payments and other amounts, not including
premiums) cannot exceed $6,550 for self-only coverage and $13,100 for
Care. There were no changes to
the limits for dependent care flexible spending account
contributions, and the maximum tax-exempt benefit from a dependent care
assistance plan remains at $5,000, as this amount is not indexed to
and Parking. For 2017, the
qualified transportation benefit limit for transit passes and for
qualified parking is $255 per month.
Compensated Employee. For the
definition of "highly compensated employee", which is used
in several welfare plan discrimination tests, the threshold remains
at $120,000, based on compensation received in the preceding year.
PCORI. The PCORI fee used to calculate the payment
amount for plan years that end on or after October 1, 2016, and
before October 1, 2017, including 2016 calendar year plans, is $2.26.
This is an increase from $2.17 in 2016.