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Flexible Spending Account Contribution Limit Climbs

InterWest Insurance Services

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. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional).

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Ten Tax Planning Tips for 2022

Money Talk

In an earlier blog post , I described 12 tax planning topics for 2022. Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022.

Taxes 263
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Support your employees’ fertility benefit needs with an HSA or FSA

WEX Inc.

And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? The information in this blog post is for educational purposes only. What are fertility benefits? Here are a few to-dos for you.

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Vision expenses piling up? Use your HSA or FSA

WEX Inc.

However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs. The information in this blog post is for educational purposes only. It is not legal or tax advice.

Health 98
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4 considerations when choosing employee benefits for the first time

WEX Inc.

If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Click here for the first blog post in our series on choosing a health plan for the first time. Subscribe to our blog to stay updated on all the benefits information!

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IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

McDermott Will & Emery Employee Benefits

The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover […]. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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5 tips to help employees with FSA spend down

WEX Inc.

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. Subscribe to our blog so you’ll get benefits tips sent right to your email inbox! The information in this blog post is for educational purposes only. How well do your employees understand their FSA’s plan rules?