November 9, 2023

The IRS has announced 2024 contribution limits for Flexible Spending Accounts, Adoption Assistance Programs and Commuter Plans. 

November 6, 2019

The Internal Revenue Service (IRS) has released additional qualified benefit plan contribution limits for 2020, including limits for flexible spending accounts (FSA) and Commuter Benefit accounts.

December 20, 2023

On November 9,2023, the IRS issued IRS Revenue Procedure 2023-34, which address annual inflation adjustments for more than 60 tax provisions. Included are new limits for Flexible Spending Accounts, Commuter Benefits and various other code provisions.

December 20, 2023

Open enrollment is one of the busiest times of year for employee benefits professionals. It’s a stressful season that typically results in questions and complaints and comes with a high potential for both employer and employee mistakes.

August 24, 2023

Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs) are designed to reimburse medical care expenses. IRS Code says that expenses must be for the “diagnosis, cure, mitigation, treatment or prevention of disease, or for the purpose of affecting any structure of function of the body”, but what if something can be used to cure a disease and for general health? In these cases you must use the "but for" test. 

February 17, 2021

Today, savings and spending plan participants can swipe their benefit card and funds are automatically deducted from their benefit account(s) for eligible expenses. The benefit card eliminates most out-of-pocket cash outlays and paperwork, as well as the need for reimbursement checks. Some FSA and HRA debit card transactions, however, may still require substantiation. These substantiation requests can be a real pain point for employers and plan participants, so here are some helpful details to provide clarity.