News from the Business Office

Iowa public money can’t pay for rooms at non-certified hotels
We recently learned that any hotels we reserve for staff, beginning next month, need to have their employees trained in recognizing human trafficking. Below is the information received from the Iowa Department of Public Safety (DPS).  Per the new Iowa Code section, 80.45A, effective January 1, 2022, for any public money to be used at a lodging provider, the lodging provider must certify with DPS that all of its employees have received approved human trafficking training. Further information is available at stophtiowa.org. A list of certified hotels is posted at stophtiowa.org/certified-locations. If rooms are already booked at hotels not on the list, DPS suggests calling the hotel to ensure it plans on becoming certified before the date of the stay. 

Health Savings Account (HSA) Calendar Year Maximums
The Health Savings Account (HSA) calendar-year limits are set for 2022.  Please email benefits@centralriversaea.org, if you would like to change your HSA contributions. We will create a life event on the Portal that will allow you to change your monthly contribution. 

403b Calendar Year Contribution Maximum
As we look forward to 2022, it’s a great time to review your retirement plan.  Employees contributing to a 403b will want to double check to make sure their contributions do not exceed the maximum contribution limit for 2022.   Please complete the salary reduction form found on the Portal > My Benefits > Retirement and submit to benefits@centralriversaea.org.

If you don’t have a retirement account such as a Roth IRA or a pre-tax 403b account, maybe this is the year you consider saving a little extra for retirement.  (Note: Those of you on our $3,500 High Deductible Health Plan could consider maximizing contributions to a Health Savings Account as part of your retirement plan as well).

Questions can be directed to Michael Kalvig, Chief Financial Officer or Pam Morrissey, Accounting Manager

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