No double dipping for OTC contraceptives

HSA, FSA, IRS, hra, Reproductive Care

This summer, reproductive care is still top of mind for many Americans and benefits administrators. As HR professionals work to understand the nuances of the recent United States Supreme Court (SCOTUS) decision in Dobbs v....

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IRS announces medical mileage rate increase

HSA, tax savings, FSA, IRS, hra

Relief at the gas pump? We all need it. As of June 15, AAA reported a national average of $5 per gallon. For consumers traveling by car to receive medical care, every mile can add up. To offset high gas prices, on June 9, 2022,...

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Setting up your HSA

HSA, IRS, health savings

Healthcare is an important part of our lives. In America, it can also be expensive. The Centers for Medicare and Medicaid Services reported that, “U.S. healthcare spending grew 9.7 percent in 2020, reaching $4.1 trillion or...

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Inflation impacts 2023 HSA limits

HSA, IRS, health savings

Fresh news of updated Health Savings Account (HSA) contribution limits comes against a backdrop of rising consumer prices. Inflation is in the news lately, and indeed, as of March 2022 the Consumer Price Index is up 8.5 percent....

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Employers: What you need to know about 2022 benefit limits

HSA, HSA contribution limit, retirement, FSA, FSA contribution limit, IRS, hra, health savings, Commuter, Adoption

2022 is here, and with a new year comes updated contribution limits for your team members’ benefit accounts. This information is important to help your people make plans for the upcoming year.

Limits are typically announced at...

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Announcing 2022 FSA, commuter, and adoption contribution limits

FSA, FSA contribution limit, IRS, health savings, Commuter, Adoption

The Internal Revenue Service (IRS) announced the official 2022 Flexible Spending Account (FSA), commuter, and adoption limits. It’s good news for accountholders wanting to save money on their eligible expenses. Read on to learn...

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IRS expands list of preventive care services

HSA, IRS, high deductible health plan, preventive care

The IRS announced an expanded list of preventive services which health plans may choose to cover as a first-dollar or pre-deductible expense for high-deductible health plan enrollees.

Particularly, the expanded list includes...

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Qualified medical expenses

HSA, Employers, qualified medical expenses, HSA record keeping, non-qualified medical expense, IRS

A health savings account (HSA) is one of the most advantageous ways to save money for the future, including for retirement. Its primary purpose, however, is to help accountholders save and pay for current or future healthcare...

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