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Design Transit Benefits to Increase Workers Engagement
March 06, 2017
Traffic congestion and the rising cost of commuting are combining to push employers to offer transit benefits that allow employees to use pretax dollars to pay for certain commuting costs. "A lot of employees are asking, 'How do I make this commute into my office either less ...
New Law Lets Small Employers Use Stand-Alone Health Reimbursement Arrangements
December 13, 2016
President Barack Obama on Dec. 13 signed into law the 21st Century Cures Act, which will let small businesses use health reimbursement arrangements (HRAs) to fund employees who purchase individual health plans on the open market. The bipartisan bill, which Congress passed Dec. 7, ...
2017 FSA Changes: How Flexible Spending Accounts Can Save You on Taxes
December 04, 2016
Flexible spending accounts are available to millions of American workers, and FSAs can save you a bundle on your taxes. Every year, the amount that you can contribute toward an FSA typically changes, and that can give you even more opportunities to cut your tax bill. Below, we'll ...
2017 FSA Contribution Limit Rises to $2,600
November 01, 2016
Employees will be able to put more income into their health care flexible spending accounts in 2017, when the FSA contribution limit rises to $2,600.00
Address HSA Misconceptions During Open Enrollment
October 14, 2016
Open enrollment is an opportunity to help employees understand the value of a health savings account (HSA), but many employers make common mistakes that undermine their communications efforts. "Selecting an HSA option with a high-deductible health plan can have a tremendous impact ...
Health FSA Maximum Contribution Set at $2,550
October 01, 2014
The annual maximum for health FSAs has increased from $2,500 for 2014 to $2,550 for 2015. Transit limits remain unchanged for 2015, with the monthly parking limit remaining at $250 and the mass transit limit remaining at $130.
FSA rules changed to allow $500 rollover
November 01, 2013
Employees with Flexible Spending Accounts (FSAs) now have a little more flexibility. A recent rule modification from the Internal Revenue Service (IRS) now allows FSA holders to roll over up to $500 of savings for use in the following year.
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