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FSA-HSA Contribution Limits for 2021

Stratus.HR

If you’re planning your tax-sheltered income for 2021, the IRS did not increase the $2,750 limit you can contribute to a health Flexible Spending Account (FSA). Are over-the-counter medicines eligible expenses under a Flexible Spending Account (FSA or Flex Spending)? What is the 2021 health FSA contribution limit?

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16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. Vision Insurance. Flexible Spending Account (FSA). There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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What is a cafeteria plan? (Hint: It’s not related to lunch)

Benefit Resource Inc.

In this article, we kick legal jargon to the curb and dive into three areas to provide a high level guide to understanding this plan. One of the most common cafeteria plans is a flex account, or flexible spending account (FSA). Finally, the last type of cafeteria plan is a Dependent Care flexible spending account.

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How Often Should I Update My W-4 Tax Form?

Stratus.HR

Related articles: How Often Should I Update My W-4 Tax Form? health, dental, vision), flexible spending, or any other pretax benefit. Having an adult child who gets married or moves out of the house. No longer qualifying as a dependent of any parents or guardian. Is Outsourcing Payroll a Bad Idea?

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Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

stand-alone vision or dental, among others) that are generally exempt from Affordable Care Act requirements are also exempt from this reporting. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. Excepted benefits (e.g.,

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Dependent FSA: Myth vs. Fact

Benefit Resource Inc.

Flexible Spending Accounts are one of the most popular tax-advantaged accounts employees choose during open enrollment. Based on its name, employees sometimes assume that a Dependent FSA is used to pay for medical, dental and vision expenses for dependents. Find out in our article. However, no such account exists.