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Memorial Day: Remembered But Never Forgotten

Memorial Day: Remembered But Never Forgotten

Next Monday is Memorial Day, so we wanted to take the time to share with you the history behind the holiday. It seems a bit strange to say “Happy Memorial Day” because the word memorial carries a connotation of sadness. Nonetheless, it's also a day to be thankful for the freedoms we have because of those who bravely fought for our country.

A Little History Lesson

Memorial Day honors soldiers who died while serving in the U.S. military and originated around the time of the Civil War. The Civil War, which took...

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HSA & DCAP Changes for 2022

HSA & DCAP Changes for 2022

Can you believe we’re almost halfway through the year? 2022 is right around the corner and before you know it Open Enrollment season will be here! To help us get prepared, we are taking time this week to discuss the recent IRS update for Health Savings Accounts and Dependent Care Assistance Programs.

2022 HSA Limits

Last week the IRS issued Revenue Procedure 2021-25, providing the HSA cost-of-living contribution and coverage adjustments for 2022. It also includes the 2022 limit for Excepted Benefit HRAs. We broke it down in layman’s terms for you below, showing the changes from 2021...

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Earth Charter Announces New Campaign

Earth Charter Announces New Campaign

Earth Charter International launched a crowdfunding campaign at the end of April to raise money for scholarships for future young leaders. Earth Charter International (ECI) is a nonprofit that’s based out of Costa Rica but reaches all over the world. ECI is made up of a founding document, an education center that offers classes online and in-person, and the global movement working to connect like-minded people.            

Medcom Benefit Solutions has been an Earth Charter partner since the beginning of 2020. Since becoming a partner Medcom...

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ACA Filing & Furnishing: Avoiding a Disaster

ACA Filing & Furnishing: Avoiding a Disaster

The IRS' Mission Statement states, "Provide America's taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all."

Sounds pretty business-like and unwavering to us. Ultimately, the IRS's role is to help compliant taxpayers with tax law and ensure those who are unwilling to comply pay their fair share. This responsibility doesn't only apply to individuals but to businesses and corporations as well. Applicable Large Employers (ALEs) have an obligation under tax law, and if they fail to meet the requirements, they will...

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