Reminder: 2015 Health Savings Account Contribution Limits

The IRS has released its Health Savings Account (HSA) contribution limits for 2015.

For individuals, the 2015 limit will be $3,350 (it’s $3,300 in 2014) and for families the 2015 limit will be $6,650 (it’s $6,550 in 2014). Individuals 55 and over may contribute $1,000 more as a “catch up” contribution.

Learn more about Health Savings Accounts.

Healthy Recipe: Pumpkin Soup

Pumpkins are everywhere now, so it’s easy to make your own roasted puree for this soup. As a time-saver, use canned pumpkin instead.

Serves 4

3/4 cup water, divided
1 small onion, chopped
1 can (15 ounces) pumpkin puree
2 cups unsalted vegetable broth
1/2 teaspoon ground cinnamon
1/4 teaspoon ground nutmeg
1 cup fat-free milk
1/8 teaspoon black pepper
1 green onion top, chopped

In a large saucepan, heat 1/4 cup water over medium heat. Add onion and cook until tender, about 3 minutes. Don’t let onion dry out.

Add remaining water, pumpkin, broth, cinnamon and nutmeg. Bring to a boil, reduce heat and simmer for 5 minutes. Stir in the milk and cook until hot. Don’t boil.

Ladle soup into warmed bowls and garnish with black pepper and green onion tops. Serve immediately.

Mayo Clinic Dietitian’s tip:
Canned pumpkin puree is available all year. When pumpkins are in season, however, you can make your own puree by roasting a small pie pumpkin and processing the flesh in a blender or food processor.

Action Required: ERISA Compliance is a Federal Law

ERISA (Employee Retirement Income Security Act) is a federal law that regulates group-sponsored benefits, often called welfare benefit plans. Failure to comply with all of the requirements under ERISA often subjects employers to severe penalties including court cases, awards and Department of Labor (DOL) fines.

Our compliance experts can help you prepare ERISA Wrap plan documents to avoid these problems.

We know this time of the year can be hectic. To give you one less thing to worry about, we’ve extended the special offer on our Evergreen ERISA Wrap Document service.

Limited Time Special Offer:

  • For ERISA Wrap effective dates June 1 – December 31, 2014
  • 5 year Evergreen ERISA Wrap Document
  • Must have less than 100 employees
  • Form 5500 not included, all other services and changes additional

Special offer ends December 31, 2014. Learn more about our ERISA Wrap Services.

Let us make the complex simple. Don’t miss this opportunity. Contact your Sterling Sales Representative today.

For Employers: Save with the $500 Flexible Spending Account

New Healthcare Flexible Spending Account (FSA) regulations allow employers to choose an optional rollover of up to $500 to the next plan year so employees no longer face the “use it or lose it” rule up to this amount. Setting up a Healthcare FSA for employees and funding it with at least the $500 rollover amount is a great way to take care of employees and take advantage of tax savings. Of course one can choose the traditional Healthcare FSA set-up as well with increased funding.

Plus, Sterling can:

  • Set up the Healthcare FSA mid-year, short plan year
  • Coordinate the Healthcare FSA with health savings accounts and health reimbursement arrangements

And we offer:

  • Online enrollment, making it easy and fast for employees to participate
  • IIAS compliant debit cards
  • Expert claims processing and compliance services to protect employers and employees
  • Online account management tools

Contact your Sterling sales representative today for more information about the $500 Healthcare FSA and all of our services, including HSA, HRA, FSA (full suite), POP, COBRA, ERISA and PPACA compliance.