News-to-Use

Question of the Week - IRS Health FSA Limits

Q.- If a group’s health flexible spending account plan year is 11/1/24 – 10/31/2025, can participants elect to contribute up to $3,300 or are they limited to $3,200?
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Employees with HSAs Must File Form 8889

As the tax season approaches, employers should remind employees who contribute to a Health Savings Account (HSA) that they must file IRS Form 8889 with their federal tax ...
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Guidance for Line 14 of Form 1095-C

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Understanding the IRS Standard Mileage Rate for 2025

The IRS updated the Standard Mileage Reimbursement Rates for 2025. These rates serve as a guideline for reimbursing employees for business-related vehicle use, for ...
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ACA Reporting Requirements for Form W-2

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Question of the Week - Change in Health Coverage

Q.- An employee enrolled in health coverage effective 1/1. He changed his mind and wants to drop coverage. Can we let him drop coverage and return the premiums he's ...
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Kickstarting the New Year: HR Tasks for January

The start of a new calendar year presents a prime opportunity for HR departments to reset, refocus, and ensure compliance with key deadlines. Proactively addressing HR ...
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Alternative Distribution of Form 1095-C

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Understanding Form 5500 Updates for Health Plans

The IRS, Department of Labor (DOL), and Pension Benefit Guaranty Corporation (PBGC) released updates to Form 5500 for 2025 filings. Form 5500 is an important filing ...
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Identifying Specific FSA 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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