Expert insights. Personalized for you.
Flexible Spending Account Related Topics 
McDermott Will & Emery Employee Benefits
NOVEMBER 9, 2022
Benefit Controversies Health and Welfare Plans ACA marketplace Affordable Care Act (ACA) cafeteria plan employer-sponsored group health plan flexible spending account plan Internal Revenue Service IRS premium tax credits (PTCs) Section 125 plans US Department of Treasury
McDermott Will & Emery Employee Benefits
OCTOBER 19, 2022
On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
McDermott Will & Emery Employee Benefits
OCTOBER 21, 2022
The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.
PeopleKeep
JUNE 29, 2022
Two popular benefits that have gained traction lately are account-based health plans (ABHPs) and health reimbursement plans. Let’s go over account-based health plans and health reimbursement plans, their pros and cons, and when they can work for your business and employees.
PeopleKeep
DECEMBER 9, 2020
Flexible Spending Accounts HSA Health Reimbursement Arrangement Human ResourcesAs leadership teams evaluate small business health insurance options , many want to know how they can reimburse employees tax-free for medical expenses.
PeopleKeep
AUGUST 4, 2021
These codes are a quick way for you to see which items on your receipt can be paid for through your health savings account (HSA), your flexible spending account (FSA), or are eligible for reimbursement through your health reimbursement arrangement (HRA).
PeopleKeep
DECEMBER 22, 2020
Section 125 Flexible Spending Accounts Health Savings AccountsMany working Americans have access to a Section 125 Cafeteria Plan at some point during their working career, yet many do not take full advantage of them.
PeopleKeep
AUGUST 16, 2021
From choosing your own individual health insurance plan to spending your HRA dollars on the qualifying out-of-pocket medical expenses that make sense for you, an HRA gives you the freedom to choose. Flexible Spending Accounts Health Reimbursement Arrangement
Stratus.HR
DECEMBER 13, 2021
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 a Health Savings Account (HSA)?
Winston Benefits
JULY 12, 2019
There are always questions surrounding new benefits and accounts. Flexible spending accounts (FSAs) can be especially confusing. FSA flexible spending accountLuckily, thanks to our partnership with ConnectYourCare, we don’t just have answers — we have solutions. Winston and ConnectYourCare are committed to easing the pain of setting up and using new voluntary benefits.
Patriot Software
OCTOBER 19, 2022
Many employers use flexible spending accounts (FSAs) to help employees pay for their medical-related expenses. Years ago, the “use it or lose it” rule was the main guideline for how employees could spend their money.
benefitexpress
JANUARY 8, 2021
Many employees took advantage of health and dependent care flexible spending accounts (FSAs) in 2020, only to see those funds languish unused as day cares closed and routine medical visits were put off to protect family members. Reimbursement Accounts COVID-19
Benefit Resource Inc.
NOVEMBER 7, 2022
For a long time, I believed you were either for Health Savings Accounts (HSAs) or you were for Flexible Spending Accounts (FSAs), but you couldn’t be for both. To learn more about FSAs and HSAs, download our account comparison chart.
BerniePortal
JULY 24, 2020
From service animal training to sleep deprivation treatment, these six medical products and services are eligible to be purchased using a wide variety of flexible spending accounts (FSAs). FSAs Benefits & Healthcare
Patriot Software
MARCH 3, 2021
An FSA, also known as a flexible spending account (or arrangement), is a tax-free fund that […] READ MORE. As an employer, you can offer various benefits to your employees. There are pre-tax and post-tax benefits for employees to enjoy.
BerniePortal
SEPTEMBER 15, 2021
This is typically paid out via a Flexible Spending Account (FSA). Dependent care FSAs can also be referred to as dependent care reimbursement accounts or DCRAs.
Benefit Resource Inc.
NOVEMBER 27, 2022
Many employers offer Flexible Spending Accounts (FSAs) as a way to help employees cover out-of-pocket medical expenses. FSAs are a great way to save money on things like co-pays and prescriptions, but they’re not the only account worth considering. BRI’s VP of Strategy, Becky Seefeldt , shares the importance of reviewing the different types of accounts available and determining which ones make the most sense for your company and your employees.
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 21, 2022
On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits.
BerniePortal
JUNE 23, 2020
For healthcare, one of the most common questions that may come up is the difference between health savings accounts (HSAs) and flexible spending accounts (FSAs).
InterWest Insurance Services
OCTOBER 27, 2022
Flexible spending account: With an FSA an employee pays — on a pre-tax basis through salary reduction — for out-of-pocket medical expenses that aren’t covered by insurance (for example, annual deductibles, doctor’s office copayments, prescriptions, eyeglasses and dental costs).
BerniePortal
JULY 11, 2021
For healthcare, one of the most common questions that may come up is whether or not users can own both a health savings account (HSA) and a flexible spending accounts (FSA).
Benefit Resource Inc.
DECEMBER 2, 2021
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.
InterWest Insurance Services
MARCH 22, 2022
Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Flexible spending account. Remember: Flexible benefit plans are not without their drawbacks. Flexible spending accounts.
Benefit Resource Inc.
OCTOBER 31, 2022
Commuter benefits, flexible spending accounts, dependent care, and health savings accounts are just a few of the great employee benefits available to help you save money and reduce stress. You can select from a mass transit account and a parking account. A Flexible Spending Account (FSA) account allows you to have pre-tax deductions for certain medical and dependent care expenses. It’s that time of year again!
Benefit Resource Inc.
MAY 11, 2021
We think it’s pretty obvious, but we LOVE Flexible Spending Accounts (FSAs). With roughly 160 Flexible Spending Account (FSA)-related blogs on our site concentrating on eligibility, spending options, plan strategy, savings, and more…we cover it all! Spend those hard-earned FSA dollars productively and sensibly. You might be able to use your dependent care flexible spending account to pay for it. Flexible Spending
Proskauer's Employee Benefits & Executive Compensa
OCTOBER 25, 2022
Earlier last week, the IRS announced the 2023 inflation adjustments for Flexible Spending Accounts and transportation fringe benefits, as discussed here.
InterWest Insurance Services
NOVEMBER 25, 2022
The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts.
Benefit Resource Inc.
MARCH 31, 2022
Health and medical expenses are covered by a Flexible Spending Account or Medical FSA to promote general well-being. These accounts are used to cover health and medical expenses both for you and your dependents (usually children). As an FSA account holder, you have access to your entire annual amount as soon as you choose it, and it can be used for medical, dental & vision costs. Flexible Spending Health Accounts
Benefit Resource Inc.
MARCH 3, 2020
If you are in charge of the decision to offer a Flexible Spending Account (FSA) at your company, you should have a plan for unused FSA funds. There are costs associated with offering this account. These suggestions are only for medical Flexible Spending Accounts (FSAs).
Money Talk
JUNE 29, 2022
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. It’s that time again…time for a mid-year financial check-up!
Benefit Resource Inc.
FEBRUARY 6, 2020
Fortunately, since this shot is considered a medically necessary procedure, you can have the costs of getting it covered under one of your consumer spending accounts. If you have a Health Savings Account (HSA) , Flexible Spending Account (FSA) , or Health Reimbursement Account (HRA) , you can typically cover the costs of getting the flu vaccination since it is considered a medically necessary procedure.
Money Talk
MAY 18, 2022
2021) or 90% of current year (2022) tax liability using a W-4 form at work for job-related income tax withholding; withholding for Social Security, a pension, and required minimum distributions through account custodians; and/or quarterly estimated payments using IRS Form 1040-ES. Also consider some savings in taxable and/or tax-free accounts so you have tax diversification (i.e., Take time now to research potential account custodians.
Benefit Resource Inc.
JULY 5, 2022
Many people don’t realize that their Flexible Spending Account (FSA) or Health Savings Account (HSA) can be used on various health-related purchases beyond doctor visits and prescriptions. You may be able to save yourself some money by using your pre-tax accounts to pay for them. Flexible Spending Health Accounts Health SavingsAs the weather heats up, so do the prices on many summertime necessities.
Benefit Resource Inc.
NOVEMBER 11, 2022
Did you know you can use your Flexible Spending Account (FSA) funds to cover a wide range of out-of-pocket healthcare costs, including vision care. Remember that you can only use your FSA funds for eligible expenses, so be sure to keep track of what you are spending your money on. Flexible SpendingEligible expenses include annual eye exams, contact lenses, and eyeglasses.
The Olson Group
DECEMBER 9, 2021
Cafeteria Plan and Flexible Spending Account (FSA) Plan Amendments. 2021 has been another challenging, exciting, and ever evolving year for the business world.
70 
Let's personalize your content