IRS Announces New Contribution Limits for 2021

October 30, 2020

The Internal Revenue Service (IRS) published Rev. Proc. 2020-45, announcing annual limits for Flexible Spending Account (FSA) contributions, maximum carryover amounts, and Transportation benefit (Transit/Commuter/Parking)…

Read More

Is COVID keeping you from the exercise you NEED?

September 17, 2020

As much as we want to use our FSA funds to cover our monthly gym membership, it's not considered a qualifying expense.  However, exercise…

Read More

COBRA -Timeframe Extensions During the National Emergency

June 11, 2020

On April 28, 2020, the Internal Revenue Service (IRS) and the Department of Labor (DOL) released official guidance* that gives employees who were enrolled in their employer-sponsored…

Read More

IRS Releases Updated PCORI Fees

June 10, 2020

The Patient-Centered Outcomes Research Institute (PCORI) was authorizes by congress as part of the Patient Protection and Affordability Act of 2010. The funding for…

Read More

IRS Releases 2021 Limits for HSAs

May 21, 2020

The Internal Revenue Service announced new, adjusted for inflation, higher contribution limits for Health Savings Accounts for 2021 today. You’ll be allowed to contribute…

Read More

PCORI Fees Are Continued through 2029 But New Fees Are Uncertain

May 20, 2020

As part of the Further Consolidated Appropriations Act of 2020 signed by the Trump Administration, PCORI fees were extended through September 30, 2029. However, employers should keep…

Read More