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IRS Announces HSA Contribution Limits for 2016
05/05/2015

The IRS has set the HSA contribution limits for 2016 as shown below: The IRS has released the 2016 cost-of-living adjustments affecting HSAs. The HSA contribution limits and HDHP out-of-pocket maximums will increase slightly, while the HDHP minimum required deductibles remain unchanged. Here are the details: HSA Contribution Limits. The 2016 annual HSA contribution limit […]

The City of San Francisco has further clarified the role of Health Reimbursement Arrangements (HRAs) in complying with the Health Care Security Ordinance (HCSO). As background, the City of San Francisco requires employers to provide a certain amount of health coverage to employees based on hours worked in a month. In addition to complying with […]

For many Americans, health care costs are an issue that is becoming more important every day. Health savings accounts, which are commonly called HSAs, are becoming more popular for helping people set money aside for health care expenses. There are also tax advantages with these accounts. According to recent research, HSAs provide account owners with […]

If you have access to a flexible spending account, or FSA, good news: The Internal Revenue Service has announced a $50 increase to allowable FSA contributions beginning in 2015. The new annual limit is $2,550.For those of you using or planning to use a dependent care FSA or a dependent care assistance plan (DCAP), your […]

New mileage rates announced for 2015 business, charitable, medical and moving The Internal Revenue Service has issued the 2015 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2015, the standard mileage rates for the use of […]

myCafeteriaPlan® is pleased to announce select forms are now available in Spanish! We have compiled our standard forms and now provide both an English and Spanish version. The forms available in Spanish are: Flexible Spending Account (FSA) Flyer FSA – Real Savings. Real Simple. Election Forms Health FSA and Dependent Daycare FSA Limited Purpose FSA […]

2015 Qualified Transportation Fringe Benefits Update: On Thursday, October 30, 2014, the Internal Revenue Service announced no changes to monthly limits on the value of qualified transportation fringe benefits that an employer can provide its employees without being included in taxable income. For 2015, the monthly limit on the amount that may be excluded from […]

IRS Releases 2015 Flexible Spending Account (FSA) Maximum and Transit and Parking Limits for the new year In Revenue Procedure 2014-61 released on October 30, 2014, the IRS announced the adjusted limits for multiple benefits and tax exemptions for the 2015 tax year. Included in the announcement is an increase in the amount that may […]

Health Insurance Reform for Businesses With 25 Employees or Less There are some big changes coming for employers of all sizes, with the advent of the employer mandate provisions of the Patient Protection and Affordable Care Act (PPACA, or ACA, for short). Congress was aware that some of the provisions that apply to very large […]

With the Affordable Care Act’s employer mandate looming, some employers have been contemplating circumventing the requirement by boosting workers’ pay with tax-free dollars and sending them off to buy insurance on their own, via the federal or state-run exchanges or the private markets. They would do this to save on the cost of offering qualified […]

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