IRS Warning about HSA’s, Health FSA’s, and HRA’s
IRS Warning: HSAs, Health FSAs and HRAs Cannot Pay for Personal Health and Wellness Expenses The IRS recently issued a bulletin to remind taxpayers that tax-advantaged medical savings accounts, such as health flexible spending accounts...
Read MoreHealth FSA Limit Set to Increase for 2022
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be...
Read More5 Strategies for Reducing Health Benefits Costs in 2022
For the past two decades, health costs have increased each year. This happens for a variety of reasons, such as inflation or, say, a global pandemic. With that in mind, employers can bank on prices...
Read MoreWhat are the differences between HSAs, HRAs, and FSAs? Let us help.
This chart compares the three funded plans and describes who is eligible, who owns it, who funds it, as well as whether it needs to be paired with a health plan. Other comparisons cover contribution...
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