This regulatory and legislative update covers issues involving what qualifies as a medical expense, Section 1557, 2025 Cost of Living Adjustments and more.
What’s a Medical Expense and What’s Preventive |Learn More
Recent guidance provides some insight into what qualifies as a medical expense and what qualifies as a permissible preventive cost that can be covered by an HSA qualifying high deductible health plan without jeopardizing HSA eligibility.
Section 1557 – A Tortured Past| Learn More
Section 1557 is the anti-discrimination part of the Affordable Care Act.
2025 Cost of Living Adjustments – Various Benefits | Learn More
On October 22, 2024, the IRS released the 2025 inflationary (cost of living) adjustments relating to several types of benefits.
2025 Cost of Living Adjustments – Pension and Retirement Plans | Learn More
The IRS released the 2025 cost of living adjustments (IRS Notice 2024-80) applicable to defined benefit and defined contribution plans.
Massachusetts Expands Use of Paid Sick Leave to Include Reproductive Loss | Learn More
The Massachusetts earned sick time law allows employees to accrue up to 40 hours of earned sick time per year for an employee’s or employee’s family members medical appointments or for legal or medical services to address domestic violence.
Massachusetts Paid Family Leave Updates for 2025 | Learn More
Beginning January 1, 2025, the Massachusetts Paid Family and Medical Leave contribution rate will remain the same as 2024 at .88% of eligible wages up to the Social Security wage base ($176,100 in 2025).
Michigan’s Department of Labor Issues Paid Sick Leave FAQs | Learn More
Effective February 21, 2025, Michigan’s Earned Sick Time Act will replace the current Paid Medical Leave Act.
Washington Paid Family Leave Premium Rate Increases in 2025 | Learn More
The recently issued press release from the Employment Security Department indicates that premium rates will increase in 2025.
© Copyright CBIZ, Inc. All rights reserved. Use of the material contained herein without the express written consent of the firms is prohibited by law. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein. Material contained in this publication is informational and promotional in nature and not intended to be specific financial, tax or consulting advice. Readers are advised to seek professional consultation regarding circumstances affecting their organization.
“CBIZ” is the brand name under which CBIZ CPAs P.C. and CBIZ, Inc. and its subsidiaries, including CBIZ Advisors, LLC, provide professional services. CBIZ CPAs P.C. and CBIZ, Inc. (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CBIZ CPAs P.C. is a licensed independent CPA firm that provides attest services to its clients. CBIZ, Inc. and its subsidiary entities provide tax, advisory, and consulting services to their clients. CBIZ, Inc. and its subsidiary entities are not licensed CPA firms and, therefore, cannot provide attest services.