Many organizations are abuzz with excitement over the recent Consolidated Appropriations Act, 2021 (the “Act”), which provides temporary new relief for flexible spending accounts (FSAs). With the legislation, organizations can...
Read MoreShould you adopt the new FSA relief? Here are 5 questions to consider
HSA, HSA contributions, FSA questions, FSA, FSA contribution limit
After much anticipation, Congress finally passed an appropriations bill that includes additional COVID relief. Most headlines are talking about the stimulus direct payment checks. But several other provisions impact dependent...
Read MoreYour one-stop review for 2020 retirement, health and commuter contribution limits
HSA, tax savings, retirement, 401(k), HSA contributions, FSA contribution limit, high deductible health plan
The IRS announced updated contribution limits for 401(k)s and other tax-advantaged accounts1 for 2020. These increases are more than just random numbers – they translate to significant opportunities for your employees to...
Read More2019 FSA contribution limit increased
HSA, Employers, tax savings, HSA contributions, FSA, FSA contribution limit
It’s official. The IRS has just announced that for 2019, individuals can contribute $2,700 to their FSA. That is an increase from the 2018 limit of $2,650. The FSA increase also applies to limited-purpose FSAs (LPFSA) that is...
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