Archive by tag: flexible spending accountReturn
Last week, Senators Orin Hatch (R-UT) and Marco Rubio (R-FL) introduced the Health Savings Act of 2017, S.403. Companion legislation was introduced in the House of Representatives by Rep. Eric Paulsen (R-3rd MN). The legislation would expand the use of HSAs by broadening eligibility rules, increasing maximum contribution limits and widening the universe of expenses that could be reimbursed from HSAs. The legislation also contains provisions pertaining to the interaction between HSAs, FSAs and...
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Categories: Health Care Reform | Tags: HSA , HRA , FSA , Health Savings Accounts , Health Reimbursement Arrangements , Flexible Spending Accounts , Health Care Reform
As calendar-year cafeteria plans have begun the 2017 plan year, employers might be wondering whether it is really too late to allow employees to make changes to or revoke their flexible spending account (FSA) elections, especially if it is prior to the first payroll of the new plan year.
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Categories: Benefits in General | Tags: fsa , flexible spending accounts , cafeteria plan , permitted election change

IRS Addresses Tax Treatment of Wellness Benefits

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Without the proper structure and plan design, cash rewards, including gym memberships, as well as premium reimbursements for participating in a wellness program may be considered taxable "wages" to employees.
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Categories: Compliance | Tags: IRS , wellness , wages , cash rewards , gym membership , HRA , Flexible Spending Account , Cafeteria Plan
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