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Flexible Spending

Payroll

Pharmaceutical

Flexible Spending Account Contribution Limit Climbs

InterWest Insurance Services

DECEMBER 7, 2023

The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Additional payroll contributions beyond the final paycheck can only be made if the employee elects to continue their FSA plan through COBRA. That’s up $30 from this year.

Flexible Spending Account

Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account

What employees expect from benefits packages

Business Management Daily

SEPTEMBER 15, 2021

Outstanding pharmaceutical and/or hospitalization coverage. Employers also may want to explore benefit plan additions such as: Flexible Spending Accounts. Both sides win: The employee does not have to pay income tax on this money, and the employer gets a payroll tax exclusion on those funds. Extensive maternity care.

Benefits Package

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Flexible Spending Account Contribution Limit Climbs

What employees expect from benefits packages

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