by NYBEST | Jul 15, 2024 | News
Health savings accounts (HSAs), health flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may provide tax-free reimbursements of certain over-the-counter (OTC) items. OTC items are generally available to consumers without a... by NYBEST | Jul 1, 2024 | News
What is mental health? Your mental well-being includes how you think, act and feel. It also helps you cope with stress, relate to others and make decisions. According to the World Health Organization, there’s not a specific definition of mental well-being. However,... by NYBEST | Jun 17, 2024 | News
The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720, the Quarterly Federal Excise Tax... by NYBEST | Jun 10, 2024 | News
The recently enacted New York budget for fiscal year 2024-25 includes provisions mandating paid employee prenatal leave and lactation break time. The provisions have different effective dates in 2024 and 2025. Paid Prenatal Personal Leave The budget amends... by NYBEST | May 13, 2024 | News
On May 9, 2024, the IRS released Revenue Procedure 2024-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2025. The IRS is required to publish these limits by June 1 of each year....