Editor’s Note: The American Rescue Plan Act (ARPA) allowed employers to increase contribution limits for dependent care assistance programs (DCAPs) or dependent care FSAs to $10,500 for 2021. The 2021 ...
Health spending accounts offer opportunities for employees to save and pay for health care with pretax contributions. Three basic types are flexible spending arrangements (FSAs), health reimbursement ...
Editor’s Note: Health FSAs typically operate under a “use it or lose it rule.” As participants know, FSA amounts not used by the end of a grace period following the year-end are typically forfeited.
Plan advisers and plan sponsors should take note: The IRS published a reminder with information about health care flexible spending arrangements to help encourage taxpayers making open enrollment ...
Human Resources is reminding Purdue employees who used 2024 flexible spending accounts — which include health care flexible spending accounts (FSAs), limited purpose flexible spending accounts (LPFSA) ...