CorpStrat
FEBRUARY 22, 2023
Healthcare costs have risen faster than inflation. In 2023, having some money set aside to cover these out-of-pocket costs is critical for most employees. For 2023, the FSA limit has increased to $3,050 for an individual and $5,000 for a family.
Higginbotham
NOVEMBER 28, 2022
The owner of the account can use it to pay for qualified medical expenses. Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. How do HSA accounts work? CMS says the contribution limit in 2023 is $3,850 for self-only coverage and $7,750 for family coverage.
HR Professionals Magazine
MARCH 2, 2022
While plans may require participants to pay for tests out-of-pocket and submit for reimbursement, regulators encourage plans to provide for direct reimbursement at the point of sale, with no out-of-pocket cost to the consumer.
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