Employers can now choose between the Grace Period and the $500 Rollover for their FSA. Which is better for their employees?
Consumers who use high deductible health plans (HDHPs) and Health Savings Accounts (HSAs) to help manage their healthcare costs are conscious of rising drug prices, which are increasing at their highest rate since 2003.
Occasionally we find that an employee must take an approved unpaid leave of absence. How do you fund the FSA while they are out?
Why would anyone ever choose to make a separate contribution to a Limited-Purpose Flexible Spending Account (FSA) that only covers dental and vision expenses when you already have an HSA for those expenses?
With February upon us, most Americans have forgotten or discarded their New Year’s resolutions, but there is still one thing Americans can look forward to, tax refunds! Unfortunately, getting a refund requires collecting, sorting, and verifying all the tax documents needed to correctly file a tax return.
The main idea behind a cafeteria plan is to provide a tax advantage to a business’s rank-and-file employees, as opposed to their key employees or executives. One particular group to consider in the administration of a cafeteria plan, then, is a business’s owner or group of owners.
On December 18th, 2015 Congress passed a $1.1 trillion spending bill to fund government operations and avoid shutdown. Included in the bill is a two-year delay to the "Cadillac Tax" provision of the Patient Protection and Affordable Care Act.
On December 16, 2015 the IRS, in conjunction with the Departments of Labor and Health and Human Services released Notice 2015-87 for publication on December 28, 2015.
On December 18, 2015 President Obama signed a bill containing a provision which permanently increases transit benefit limits to retroactively set them at the same level as qualified parking limits starting January 1, 2015.
