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HRSA-ILA Funds

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webmaster@hrsa-ila.com. This website has been updated March 15, 2019


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Applications for the David D. Alston Scholarship Fund are due by April 15, 2019.

January 25, 2019

To All HRSA-ILA Participants with Life Insurance:

Federal tax laws require participants to pay income taxes and uncollected FICA and Medicare taxes on the value of life insurance coverage in excess of $50,000. If you qualified for life insurance coverage over $50,000 for the year, the HRSA-ILA Welfare Fund has provided you with a form W-2 for the taxable fair value of the insurance premium. The taxable insurance premium is calculated from an actuarial table, and depends on your age and sex. You will also see the uncollected FICA and Medicare taxes (with codes M and N) on the insurance premium. Please consult your tax advisor when paying taxes on these premium amounts.

 

Do you need advice on your 401K?

Call Gary Alcaraz, Wells Fargo Advisors at (757) 431-6333

GIA Rate is at 3% from January 1, 2019 through June 30, 2019

The 2019 Maximum Deferral Limit for the Annuity & Savings Plan is $19,000

Participants 50 years and older may contribute an additional $6,000

RetireSMART

Click here to see MILA Benefits Improvements

 

 

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HRSA-ILA Participant Services
Phone: 757-457-7090 | 1-800-899-3090 | Fax: 757-423-1205
Interactive Voice Response (IVR) 757-423-3090