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.
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Learn MoreThe 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.
Ahead of the new year, the IRS has announced new contribution limits to Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). FSA and HSA accounts are two popular options to help employees pay for qualified medical expenses. It’s imperative for HR pros to stay up to date on new limits and regulations for these…
In 2020, 13% of people age 50 to 80 delayed getting medical care due to being worried about cost. And 12% who actually needed medical care didn’t get it because they couldn’t afford it. And it doesn’t stop there. People are worried about paying medical bills in 2022. In fact, 18% of the people were…
Now there’s a Senate version of a proposal to end the “use-it-or-lose-it” rule on employees’ flexible spending accounts.
It’s no secret many employers plan to shift more costs on to employees as healthcare premiums climb. If you’re in that group, here are three things you’ll want to consider before the shifts potentially disrupt morale.
Offering the right benefits involves a lot of decision-making and can be challenging for many employers: How do you give employees the coverage they need without breaking the budget? Two pre-tax accounts make the decision easy: Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). But what’s the difference between FSAs and HSAs? Knowing the…
Time is running out on flexible spending account (FSA) funds for your employees, as the common December 31 “use-it-or-lose-it” deadline returns this year. It brings with it employee confusion about how much they have to spend, how much (if anything) they can carry over into 2023, and how to use the remaining dollars. Adding to…
Thanks to the pandemic, people are hyper-focused on their physical and mental well-being. However, they’re also laser-focused on their financial well-being. Why? Because it’s stressing them out. And with people jumping ship left and right for higher paying and better jobs, what can you do? Well, like most companies surviving a pandemic, you probably don’t…
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).
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