Money Talk

JUNE 29, 2022

We are almost at the halfway mark of 2022, which makes this a perfect time to assess your financial progress and take action over the next six months. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status.

401(k) 245

401(k) Out of Pocket Cost Finance Flexible Spending Account 245

HR Professionals Magazine

MARCH 2, 2022

If benefits compliance seems like a never-ending game of whack-a-mole, 2022 will not disappoint. While challenges related to the COVID-19 pandemic dominate headlines, a number of new 2022 benefits compliance obligations and updates may fly under the radar. Effective for plan years beginning on or after January 1, 2022.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Deductions Deductible 52

Higginbotham

NOVEMBER 28, 2022

An HSA is a special type of savings account. The owner of the account can use it to pay for qualified medical expenses. It can be funded on a pre-tax basis, and the owner can use the untaxed funds for qualified medical expenses. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs.

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

Higginbotham

JULY 12, 2022

Even with health insurance, dental insurance and vision insurance, employees tend to end up with some out-of-pocket costs that aren’t covered by their various plans. A benefit reimbursement plan offers a way to cover these costs. According to Investopedia , the maximum benefit in 2022 is $1,800.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Higginbotham

JANUARY 27, 2023

According to the KFF 2022 Employer Health Benefits Survey, 51 percent of all firms offer health benefits. Although it may seem easier to boost wages and forget about employee benefits, due to potential tax breaks, offering health insurance can be a financially sound strategy. Census Bureau says that 54.3

Health Insurance 52

Health Insurance Insurance Benefits Package Out of Pocket Cost 52

Business Management Daily

FEBRUARY 10, 2022

We’ve written many times about the tax code’s prohibition on double-dipping — getting a double tax benefit on the same tax item, like taking a deduction and a tax credit for the same wages paid to the same employee. But the principle also applies if employees have flexible spending accounts or health savings accounts.

Employment 52

Employment Retail Out of Pocket Cost Flexible Spending Account 52