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July 2025 Newsletter

Monday, July 14, 2025

Employee Benefits News

The "One Big Beautiful Bill Act" Includes Employee Benefits Changes

The "One Big Beautiful Bill Act" (OBBB Act) signed on July 4, 2025 includes changes for employee benefit plans, including provisions that:

  • Expand the availability of health savings accounts (HSAs);
  • Permanently extend the telehealth exception for high-deductible health plans (HDHPs);
  • Increase the maximum annual limit for dependent care flexible spending accounts (FSAs);
  • Allow employers to help pay employees’ student loans beyond 2025 and make cost-of-living adjustments to the tax exclusion for educational assistance programs; and
  • Allow employers to contribute up to $2,500 per year to a new type of tax-advantaged account for children, called a “Trump Account.” 

Additional OBBB Act Resources:

New from HR on Mic - Improving a Toxic Workplace Culture

Company cultures can go bad over time. Join HR on Mic hosts Corbin and Barbara as they discuss how to recognize a toxic culture and practical steps you can take to turn things around.

Listen Here

How Employers Should Handle PCORI Fees

The ACA imposes a fee on employers* with a Health Reimbursement Arrangement (HRA) or a self-insured plan to fund the Patient-Centered Outcomes Research Institute, also known as Comparative Effectiveness Fees. This Fee is always due by July 31 of the calendar year following the end of the plan year. For plan years ending in 2024, the PCORI fees are due by July 31, 2025.

We recently held a webinar detailing the PCORI Fees, the necessary forms, how to complete them, and more.

Additional Resources:

*PCORI Fees apply to Self-Insured Plans, Health Reimbursement Arrangements (Including Qualified Small Employer HRAs (QSEHRAs) and Individual Coverage HRAs (ICHIRAs).