Bill Olson, Chief Marketing Officer at United Benefit Advisors
Many employee benefit limits are automatically adjusted each year for inflation (this is often referred to as an “indexed” limit). UBA offers a quick reference chart showing the 2016 cost of living adjustments for health and Section 125 plans, qualified plans, Social Security/Medicare withholding, compensation amounts and more. This at-a-glance resource is a valuable desk tool for employers and HR practitioners.
Here’s a snapshot of the 2016 health plan limits; be sure to request the complete chart from a UBA Partner.