Benefit Resource Inc.

OCTOBER 20, 2020

But, with a year like 2020, it might take just a few extra steps to COVID-proof your election for 2021. Routine Care. Historically, you were able to plan for many elective procedures and fund your FSA accordingly. Even if optical centers are closed, your contacts and glasses purchases are safe bet for reimbursement from an FSA.

Flexible Spending Account 40

Flexible Spending Account Flexible Spending Medical Taxes 40

AssuredPartners

DECEMBER 23, 2020

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Health and Welfare 40

Health and Welfare Flexible Spending Account Flexible Spending Consulting 40

Benefit Resource Inc.

DECEMBER 30, 2020

We are excited to provide you with some additional insight into the FSA relief options for Health and Dependent Care Flexible Spending Accounts, included in the year-end spending bill signed into law on December 27, 2020. FSA Relief Considerations Q&A. Increase or decrease existing elections.

Flexible Spending Account 52

Flexible Spending Account Flexible Spending Health Savings Account Utilities 52

Business Management Daily

JANUARY 5, 2021

The new COVID relief package included in the Consolidated Appropriations Act, 2021 (H.R. Relief for health savings accounts and dependent care assistance plans. The COVID relief package extends paid sick and family leave , and your tax credits for providing through March 31, 2021. Temporary disaster tax relief.

Payroll 52

Payroll Family and Medical Leave Act 401(k) Taxes 52

Business Management Daily

OCTOBER 28, 2021

Many employers base paid time off limits, rollovers, and accrual timelines on the employee’s hire date rather than the calendar year. However, if your company does use the calendar year rather than the employee’s anniversary date for annual PTO limits, let employees know what will happen to unused PTO balances.

Payroll 52

Payroll Family and Medical Leave Act PTO Flexible Spending Account 52

Stratus.HR

DECEMBER 13, 2021

‘Tis the season to make and finalize FSA contributions for the 2022 plan year. If you’d like to tax-shelter a portion of your income for 2022, please see the increased contribution amounts below for both Flexible Spending Account (FSA) and Health Savings Account (HSA) participants. What is the 2022 FSA contribution limit?

Health Savings Account 69

Health Savings Account Flexible Spending Account Flexible Spending Taxes 69

Benefit Resource Inc.

DECEMBER 2, 2021

2022 Changes to Dependent Care. A Dependent Care Flexible Spending Account (often shortened to ‘Dependent Care FSA’) is a pre-tax benefit account used to pay for eligible services such as preschool, summer day camp, before/after school programs, and child or adult daycare. Who is Eligible?

Flexible Spending Account 105

Flexible Spending Account Flexible Spending Taxes Employment 105

AssuredPartners

NOVEMBER 12, 2021

Health FSAs. On November 10, 2021, the IRS announced in Rev. 2021-45 the annual inflation adjustments for the 2022 tax year. For 2022, the dollar limit cap is permitted to increase (by $100) from $2,750 to $2,850. It should also be mentioned that the health FSA limit applies on an individual employee basis only.

Healthcare 73

Healthcare Flexible Spending Account Health Savings Account Flexible Spending 73

AssuredPartners

OCTOBER 18, 2022

Included in this announcement, and of consequence to the employee benefits world, the IRS noted that the dollar limit maximum for employee contributions made on a pre-tax basis via salary reductions to health flexible spending accounts (FSAs) under a cafeteria plan will be modified for 2023. Health Plan Limits. 1, 2022.

Healthcare 52

Healthcare Flexible Spending Account Health Savings Account Flexible Spending 52

Higginbotham

NOVEMBER 2, 2022

Employee Benefit Plan Limits for 2023. Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The IRS typically announces the dollar limits that will apply for the next calendar year well before the beginning of that year. Click here to view the plan limits.

401(k) 52

401(k) Flexible Spending Account Health Savings Account Flexible Spending 52

Benefit Resource Inc.

NOVEMBER 1, 2018

But since we are assuming the stars aligned, let’s create a vision of full HSA expansion: First, HSA contribution limits double. Loosen Medical FSA Restrictions. Medical FSAs have the unique benefit of being available on the first day of a plan year. However, current restrictions and limitations stifle its use.

Taxes 49

Taxes Deductions Deductible Medical 49

McNees

MARCH 18, 2021

The American Rescue Plan Act of 2021 (the “Act”) was signed into law on March 11, 2021. Dependent Care Assistance Plan. Dependent Care Assistance Plan. The Act retains the $200 and $511 a day limitation depending upon the reason of the leave.

Family and Medical Leave Act 40

Family and Medical Leave Act Paid Sick Leave Employee Benefits Pension 40

AssuredPartners

MARCH 12, 2021

trillion relief bill commonly referred to as The American Rescue Plan Act of 2021 (ARPA) into law. ( Overall, the bill will provide relief in many forms, including but not limited to, direct stimulus payments to eligible recipients, unemployment assistance, aid for small businesses, and child tax credits. PDF Link here).

Health and Welfare 40

Health and Welfare Flexible Spending Account Taxes Payroll 40

Fringe Benefit Analysts

JANUARY 25, 2021

COVID Relief, No Surprises Act, FSA and DCAP Extensions, Transparency, and HIPAA Privacy Updates. . . The Consolidated Appropriations Act of 2021 (The Act) was signed into law on December 28th by President Trump. Temporary Health FSA and DCAP Relief. Health FSA & DCAP Relief. . Compensation Transparency. ·

Family and Medical Leave Act 40

Family and Medical Leave Act Paid Leave Health Insurance Telecommunication 40

Benefit Resource Inc.

MARCH 25, 2022

Over the past few years, ECFC has really been a strong advocate for many of the FSA relief efforts that we saw during the pandemic. We also saw the positive results of our advocacy efforts when OTC Drugs & Medicines once again became eligible under FSAs, HSAs, and HRAs. One of those areas is under the affordability umbrella.

Deductions 74

Deductions Deductible Transportation Health Insurance 74

Benefit Resource Inc.

JANUARY 11, 2021

While there have been marginal increases since nationwide lockdowns in the Spring of 2020, Time.com reported in December 2020 that the New York City Metro remains down 67-72%, San Francisco BART system remains down 88% from its baseline and Washington D.C. Expansion of Dependent Care Benefits. ridership levels are down 86%.

Government 40

Government Taxes Flexible Spending Account Flexible Spending 40