Human Resources News & Insights

IRS releases 2017 COLAs: Flex accounts, adoption assistance impacted

The IRS just released the 2017 Cost-Of-Living Adjustments (COLAs) for a slew tax-related employee benefits. Here’s what employers need to know about the new COLA limits:

Why employees are failing to use FSAs as effectively as they could be?

Whether you offer the grace period or the rollover method, employees have to do some planning to use their FSA funds effectively. Otherwise, they could easily do what a lot of FSA account holders are doing nowadays … 

What you can — and can’t — do with leftover FSA contributions

When employees leave unused FSA funds on the table, that money goes to the company. But there are a number of rules that dictate how those funds can be used.   

Passing on health costs to workers without killing morale

When it comes to keeping rising health costs at bay, employers essentially have three choices: change carriers, change coverage or change (i.e., increase) workers’ contributions.

IRS clarifies puzzling issue sparked by new FSA carryover rules

The IRS finally caved and let health flexible spending account (FSA) holders carry over some funds from year to year. But that allowance opened up a whole different can of worms.  

House committee passes 2 bills to ease FSA restrictions

The House Ways and Means Committee just passed two bills that would eliminate two controversial restrictions on flexible spending accounts. 

IRS’ new guidance on $2,500 FSA cap: 5 keys

The Internal Revenue Service just issued guidance for employers and administrators of flexible spending accounts (FSAs) as they plan for the new rules that take effect in January 2013. 

Less-flexible FSAs: What’s on tap for 2012

As open enrollment comes to a close, it’s become clear that flexible spending accounts (FSAs) have lost their luster thanks to the healthcare reform law. But hope is here for those longing for the good old days of the FSA.

Time’s running out to comply with new HSA, FSA regs

Employers have one more week to make sure they’re in compliance with the new restrictions on health reimbursement accounts (HRAs) and flexible spending accounts (FSAs).

New bill could restrict controversial FSA, HSA reimbursements

The House Ways and Means Committee just approved a new bill that could halt the tax-free reimbursement of abortion expenses from flexible spending accounts (FSAs) and health savings accounts (HSAs).