… but FSAs, adoption credits and Obamacare wage limits rise
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:
Flexible Spending Accounts (FSA)
10 ways to spend that FSA balance
Employees are realizing just how much money they have left in their flexible spending account (FSA) for this year.
2021 dependent care limits go up in latest COVID relief package
Employers with 2021 dependent care flexible spending accounts have several changes to contend with. The American Rescue Plan Act just raised the annual limits for pretax contributions for 2021. (Note: This applies to the calendar year.) The 2021 dependent care limits: $10,500 for single taxpayers (up from $5,000), and $5,250 for married individuals filing separately […]
3 ways to control health care costs that won't hurt workers' wallets
No surprise here: Health-care costs are expected to rise again in ’09. Fortunately there are some proven ways to keep costs from rising too high.
5 benefits benchmarks every finance pro needs
Health Savings Accounts (HSAs) have emerged as one of the top tools to help employees manage their healthcare costs. So how does your plan stack up?
5 changes to health savings accounts that could be a reality soon
Although Republicans couldn’t agree on a wholesale Obamacare repeal bill, they did have consensus on one very important healthcare issue: HSAs and the changes that need to be made to these insurance vehicles.
5 must-have Finance year-end updates
We’re in the thick of it now! The major push toward year-end is upon us, which means that Finance is likely busier than it is at any other time of the year.
7 trickiest health savings account questions answered
Have questions about health savings accounts? IRS just gave answers to 42 of them. Is yours on the list?
Again? IRS does about-face on key benefits limit
For the third time this year, the IRS is changing a key HSA contribution limit.
An end to reform's restrictions on flex spending accounts?
If this bill passes, employees will once again be able to use their health savings and flex spending accounts to purchase over-the-counter meds.
Bumping up health costs? Watch out for these effects
Almost all businesses plan to shift more of their health costs to employees in the near future. But there are certain things employers need to consider before they spring a price hike on its workforce.
Debit cards for health reimbursements – 4 must-have features
Reimbursing employees via debit cards can streamline your processes and boost participation in these healthcare cost cutters. Just make sure you pick the right vendor for the job.
Employees want to find less costly healthcare, but need help
Finance staffers have been urging employees to ask questions and shop around for less-costly, high quality health care for years now — and it looks like many employees are finally heeding the call.
End of FSA ‘use-it-or-lose-it’ era coming soon?
There are a number of reasons for employees to be optimistic that they’ll longer have to forfeit leftover FSA funds at the end of the plan year or grace period.
Finally! Feds kill ‘use-it-or-lose-it’ rule: What’s OK now?
Good news: The IRS just took a drastic step regarding flexible spending accounts many had been predicting for years.
Flexible spending accounts: IRS offers new extensions
IRS Notice 2021-15 spells out new extensions for flexible spending accounts (FSA) and dependent care assistance programs. So your company can continue to be a bit more flexible with its cafeteria plan. And it comes courtesy of the Taxpayer Certainty and Disaster Tax Relief Act of 2020. Last March, IRS first offered employers the ability […]
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