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
Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. The total annual out-of-pocket expenses (not including out-of-network costs) can’t be more than $7,050 for individual coverage and $14,100 for family coverage. Who can own an HSA? How do HSA accounts work?
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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