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The Internal Revenue Service (IRS) released Revenue Procedure 2023-23 providing for the annual Cost-Of-Living-Adjustments (COLA) for Health Savings Accounts (HSA) and High-Deductible Health plans (HDHP) for the 2024 plan year.
Conclusion
Plan sponsors should ensure their plan documents, enrollment materials and other plan documents are up to date. Have questions? Work with your Webber Advisors representative who can connect you to the necessary resources to ensure your documents are compliant and other compliance requirements are met.
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