|To avoid costly penalties and administratively burdensome correction procedures, plan sponsors must remain up-to-date with respect to applicable Health and Welfare plan limits. Today, November 7, 2019, the IRS announced cost-of-living adjustments affecting the 2020 dollar limitations for Health and Welfare plans and other related Health and Welfare Benefits items. We’ve included some of the most commonly used business benefits below. For complete details on all changes, please see IRS publication Rev. Proc. 2019-44.