News-to-Use

Health, Retirement, and Payroll Contribution Limits for 2023

The IRS and Social Security Administration released the health, retirement, and payroll contribution limits for 2023. Limits have increased from 2022 levels due to ...
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Question of the Week

Q.- For the past few years, my health care and dependent care flexible spending account plans allowed me to carry over all of my unused amounts to the next plan year. ...
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FSA Contribution Limits for 2023

The Internal Revenue Service announced annual inflation adjustments for 2023. Sponsors of calendar-year health flexible spending account plans look for guidance on ...
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Question of the Week

Q.- An employee is enrolled in single coverage in our HDHP and is contributing to an HSA. She elected to participate in our health flexible spending account plan because ...
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Question of the Week

Q.- An employee submitted a reimbursement claim for an at-home COVID-19 test. Is this eligible? I thought insurance covered the cost of tests.
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FSA Eligible Expenses Resource

Employers who use BAS for flexible spending account services may offer their employees BAS’ tool for determining if an expense is eligible for reimbursement from an FSA. ...
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Question of the Week

Q.- Can we offer a health flexible spending account plan to only executive employees?
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Day Camp and Child Care Expenses

Many parents find care for their children when school is not in session. Day camp is a popular option for summer break. The cost of day camp for a child under age 13 may ...
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Question of the Week

Q.- An employee just learned he needs a significant amount of dental work next month. He wants to put more money into his health FSA to pay for the expense. May we allow ...
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Question of the Week

Q.- We have a calendar year health FSA with a grace period for incurring claims. An employee has a balance in his FSA for the 2021 plan year but did not elect to ...
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