The Internal Revenue Service (IRS) has increased the annual dollar limits for various welfare and retirement plan limits for 2018, including HDHPs, HSAs, FSAs and 401(k) plans.
These changes may affect employee benefits plan designs. Employers should ensure their plan administration will be consistent with the new limits and communicate the new limits to employees during open enrollment periods.
Read more information on the upcoming increases. Please contact your employee benefits consultant at Cornerstone Insurance Group or email firstname.lastname@example.org if you require further insights.