Back in May 2020, the Departments of Labor, the Treasury, and the Internal Revenue Service (IRS) (collectively, the "Agencies") extended certain deadlines for plans subject to ERISA–including the runout period, in which...
Read MoreShould you adopt the new FSA relief? Here are 5 questions to consider
HSA, HSA contributions, FSA questions, FSA, FSA contribution limit
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...
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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 MoreHSAs and the U.S. healthcare system
HSA, retirement, 401(k), FSA questions, HSA benefits, CDHP, qualified medical expenses
In November 2018, Gallup released the results of a poll showing 79 percent of people were dissatisfied with the total cost of healthcare in the United States.
That same poll asked respondents to describe the U.S. healthcare...
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A flexible spending account (FSA) empowers employees to pay for certain medical expenses with pre-tax funds. FSAs are popular accounts because of the tax benefits they provide to employees and to their employers.
Here are some...
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