News

MTA Fare Change Alert
MTA Fare Change Alert
Date: April 03, 2019
MTA Transit Increase Effective April 21, 2019 Subways, Buses, and Staten Island Railway Fares.
2019 FSA Contribution Cap Rises to $2,700
2019 FSA Contribution Cap Rises to $2,700
Date: November 15, 2018
Employers can let their employees put an extra $50 into their health care flexible spending accounts (heath FSAs) next year, but for some the announcement may have come too late.
Employers Final PCORI Payment Is Rising
Employers Final PCORI Payment Is Rising
Date: November 06, 2018
The final annual fee that sponsors of self-insured health plans must pay to fund the federal Patient-Centered Outcomes Research Institute (PCORI) is due July 31, 2019. The fee will go up by less than a dime for each employee or dependent enrolled in the health plan, the IRS announced on Nov. 5
Regulations Aim to Let Employees Use HRAs to Buy Health Insurance
Regulations Aim to Let Employees Use HRAs to Buy Health Insurance
Date: October 31, 2018
Workers could use pretax dollars to purchase coverage on Affordable Care Act exchanges
Childcare costs hit new heights. This employee benefit can help you save $5,000
Childcare costs hit new heights. This employee benefit can help you save $5,000
Date: October 25, 2018
Working parents can use the child and dependent care credit, which is worth up to $1,050 for one child under 13 or $2,100 for two or more kids under 13. You might have access to a dependent care flexible spending arrangement at work: Save up to $5,000 each year per household on a pretax basis.
House Passes Bills Enhancing HSAs
House Passes Bills Enhancing HSAs
Date: July 27, 2018
The House of Representatives on July 25 passed two health care bills that could transform the use of tax-advantaged health savings accounts (HSAs).
2019 HSA Limits Rise, IRS Says
2019 HSA Limits Rise, IRS Says
Date: May 11, 2018
fter a tumultuous year of changes in the 2018 annual contribution limits for health savings accounts (HSAs)—they weren't finalized until well into the current year—health plan sponsors should have plenty of time to prepare for the 2019 HSA contribution caps, announced by the IRS on May 10. Next
2018 Family HSA Contribution Limit Stays at $6,900 After All
2018 Family HSA Contribution Limit Stays at $6,900 After All
Date: April 27, 2018
The IRS on April 26 announced relief for taxpayers with family coverage under a high-deductible health plan (HDHP) and who contribute to a health savings account (HSA). For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution, up from
IRS Lowers 2018 Family HSA Contribution Limit by $50
IRS Lowers 2018 Family HSA Contribution Limit by $50
Date: March 06, 2018
The 2018 contribution limit for health savings accounts (HSAs) linked to family coverage will be $6,850—not $6,900, as the IRS had previously announced. The IRS recalculated the limit because the Tax Cuts and Jobs Act that passed at the end of 2017 applies the so-called chained consumer price index
2018 FSA Contribution Cap Rises to $2,650
2018 FSA Contribution Cap Rises to $2,650
Date: October 23, 2017
Employees can put an extra $50 into their health care flexible spending accounts (heath FSAs) next year.
Design Transit Benefits to Increase Workers Engagement
Design Transit Benefits to Increase Workers Engagement
Date: 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 expensive or more
New Law Lets Small Employers Use Stand-Alone Health Reimbursement Arrangements
New Law Lets Small Employers Use Stand-Alone Health Reimbursement Arrangements
Date: 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, focuses
2017 FSA Changes: How Flexible Spending Accounts Can Save You on Taxes
2017 FSA Changes: How Flexible Spending Accounts Can Save You on Taxes
Date: 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 look at the 2017
2017 FSA Contribution Limit Rises to $2,600
2017 FSA Contribution Limit Rises to $2,600
Date: 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
Address HSA Misconceptions During Open Enrollment
Date: 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 on a family's
FSA rules changed to allow $500 rollover
FSA rules changed to allow $500 rollover
Date: 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.