The IRS on Friday, Oct. 16, provided the maximum amount allowed to be newly made available to participants of excepted benefit health reimbursement arrangements (HRAs) for plan years beginning after Dec. 31, 2020, and before Jan. 1, 2022.
The maximum amount, indexed under the Chained Consumer Price Index for All Urban Consumers, remains unchanged for plan years beginning after Dec. 31, 2020, and before Jan. 1, 2022.
Under Regs. Sec. 54.9831-1(c)(3)(viii)(B), for an HRA or other account-based group health plan to qualify as an excepted benefit HRA, the amounts newly made available for each plan year under an HRA or other plan cannot exceed $1,800, indexed for inflation.