News-to-Use

2024 Contribution Limits for Health and Welfare Plans

The IRS and Social Security Administration released the health, retirement, and payroll contribution limits for 2024. Many contribution limits have increased from 2023 ...
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Simplifying Flexible Spending Account Eligible Expenses

Employers partnering with BAS for flexible spending account (FSA) services gain access to an invaluable tool for their employees that streamlines the process of ...
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Question of the Week - Nondiscrimination Testing for FSA

Test results in 48-hours*! Starting @ $288/yr. For pricing and more information, click here. Q.- When should we perform nondiscrimination testing for our flexible ...
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Question of the Week - Dependent Day Care FSA and Kindergarten

Q.- I am sending my child to a private kindergarten starting in September. May I use my Dependent Care FSA to pay the tuition for the school?
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Easy FSA Claim Submission: Three Convenient Methods for Employees

Introduction: Learn how employees can effortlessly submit their Flexible Spending Account (FSA) claims for review and reimbursement. BAS offers three convenient ways to ...
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Question of the Week

Q.- Can an employee on Medicare participate in our FSA or HSA?
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Summer Camp Expenses

Now that school is out, many parents have to find care for their children. Day camps are a popular option for summer break. The cost of day camp for a child under age 13 ...
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Substantiation of FSA Expenses

The IRS Chief Counsel office issued a memorandum addressing claims substantiation for medical and dependent day care flexible spending account expenses. According to the ...
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Question of the Week

Q.- A terminated employee’s spouse (not the former employee) is electing to continue health FSA coverage through COBRA. Can the former employee’s eligible expenses be ...
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Question of the Week

Q.- Can we charge our employees a fee for participating in our health FSA plan?
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