FSA Archives

2023 IRS Limits for FSA, Transit, Adoption Assistance

The IRS just published new benefit limits for 2023. You’ll be able to save even more on your taxes with these accounts next year because limits are increasing. You can read the legalese in IRS Revenue

How to Become a Better Healthcare Consumer

What is the difference between a patient and a healthcare consumer? Many consider the terms synonymous, but there are some distinct differences. Primarily, a patient receives care, but a healthcare consumer

Do I have the allergies, the flu, or COVID?

Many people look forward to the cooler weather, sights, smells, and activity that fall brings. But the season also sparks certain allergies, marks the start of flu season, and is likely to see another

Back to School and Your Benefits Accounts

Every parent knows how expensive the back-to-school period can be. In addition to clothing and school supplies, there are eye exams, updated eyeglass and contacts prescriptions, sports physicals, dental

Captain Contributor Explains Lifestyle Spending Accounts

Captain Contributor Explains Lifestyle Spending Accounts A Lifestyle Spending Account, or LSA, is a great way for employers to support their employees. These accounts can help to improve

Four Great Benefits for Working Parents

Many working parents find themselves struggling to make ends meet. As living costs rise, employers are looking for ways to help by offering additional benefit options. Let’s review four great benefit

Dependent Care Assistance Plan (DCAP) Frequently Asked Questions

If you pay for the care of a child, parent or other tax dependent so that you can work or attend school, you could benefit from a Dependent Care Flexible Spending Accounts (DCFSA), also known as a Dependent

Eating Disorders Rose During Pandemic

Mental health has generated increased attention since the beginning of the pandemic. With more people experiencing stress, isolation, and financial pressures, talking about their symptoms, and seeking

Which is Better: FSA or HSA?

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) offer a variety of benefits to account owners. While there are some similarities in the benefits, there are some major differences.

FSA, HRA and HSA Benefits Funds on Debit Cards

In a 2019 survey, GOBankingRates found that more than 37% of Americans preferred using cash to credit and debit cards. Since then, the pandemic has shifted many of those opinions as people became concerned

FSA Carryover: Spend it Down on These Staples

Did your employer’s benefit plan include a Flexible Spending Account (FSA) Grace Period or Carryover option? If you don’t use your full balance last year, you may have extra money to spend. That

Running in Cold Weather?

During the winter, much of the country has cold weather and snow. With the new year’s health resolutions in full swing, many people are looking to get healthier, lose weight, or both. But not everyone

Holiday Tips to Help You Spend Your FSA and HSA Dollars

If enrolled in a Flexible Spending Account (FSA), you may be looking for ways to spend down your balance before the plan year ends. I’ve got some ideas to help you use up those remaining FSA dollars.

Stay Healthy in the Winter

Now more than ever, it’s important for everyone to work on staying healthy through the winter. From sleep to exercise to how to dress, we’ve got some tips for you. Get outside and suit

2022 FSA Contribution Limits, Max Carryover, Transit Benefits

In Revenue Procedure 2021-45, the IRS published details on how Flexible Spending Accounts (FSAs) and qualified transportation benefits can be used in 2022. The adjustments accounts for inflation, and

Eye Care During a Pandemic

Eye care during a pandemic may not seem like a top priority. Taking care of our eyes is always important, both for how we see the world and how the world sees us. But, the COVID-19 pandemic has caused

VIDEO: Captain Contributor Explains Eligible Expenses

Captain Contributor Explains Eligible Expenses Good news! Your FSA or HSA account now has even more spending power! The CARES Act of 2020, expanded the use of Health Savings Accounts and

9 FSA Eligible Expenses That May Surprise You

With a healthcare FSA, your pre-tax money covers a wide range of common medical expenses. These include doctor visits, surgery and other medical procedures, prescription and over-the-counter medicines,

Qualified Healthcare Expenses for FSAs and HSAs

When you participate in a healthcare benefits account, such as a Flexible Spending Account (FSA) or Health Savings Account (HSA), you set aside money to help cover out-of-pocket healthcare expenses. With

Just Eat It – Nutrition Needs as an Eligible Expense

Did you know you can use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for nutrition eligible expenses? One thing to remember is that eligible medical expenses are strictly

VIDEO: Captain Contributor Explains The Uniform Coverage Rule

Captain Contributor Explains the Uniform Coverage Rule It doesn’t take superpowers to know that the cost of healthcare is expensive. That’s why many employers offer tax-advantaged healthcare

Why You Should Keep Your Healthcare Receipts

When you see your physician, visit the pharmacy, or make another healthcare-related purchase, you may wonder “Why should I keep my healthcare receipts?” Whether the expense was for yourself or

Health and Dependent Care FSAs: Carryover and Other Temporary Rules for 2021

If you had a health or dependent care FSA in 2020, there is some good news. Just prior to the new year, the Consolidated Appropriations Act, 2021 (often referred to as the second COVID stimulus bill)

Use-It-or-Lose-It FSA Dollars: Time is Running Out

We have just a few weeks to go before the end of the year – which could be a blessing. Before you ring in the new year, you may need to go on a healthcare shopping spree. There are a lot of people

VIDEO: Captain Contributor Explains Benefits Mobile Apps

Captain Contributor Explains Benefits Mobile Apps Smartphones are probably an everyday part of your life, but did you know you can use them for easy access to your benefits accounts? Whether

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