Jul 14, 2025 | Announcements, Compliance, Consumer-driven Health Plans, Dependent care assistance plan (DCAP), Flexible spending accounts (FSAs), Legislative, Regulatory
The recently enacted “One Big Beautiful Bill” Act (H.R. 1) includes a long-awaited update for working families: a permanent increase in the annual contribution limit for dependent care assistance flexible spending accounts (DCAPs). Beginning in tax years after...
Jun 26, 2025 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, MedBen Access, Mobile App, Online Services, Substantiation
As we’ve reached the midpoint of the year, it’s an ideal time to remind your plan members to check their flexible spending account (FSA) balances. FSAs offer significant tax savings on eligible health care expenses, but only if members manage their accounts...
May 15, 2025 | Announcements, Consumer-driven Health Plans, FSA Store, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS
On May 1, the IRS announced the 2026 inflation-adjusted limits for health savings account (HSA) contributions, as well as updated minimum deductibles and out-of-pocket maximums for high-deductible health plans (HDHPs). The table below summarizes the new thresholds and...
Jun 4, 2024 | Announcements, Consumer-driven Health Plans, FSA Store, Health Savings Accounts (HSAs), HSA Store, News
The IRS has announced its health savings account (HSA) contribution limits for 2025. The annual cost-of-living adjustments include a 3.6% increase in individual HSA contributions. This stands in sharp contrast to 2024, which saw a change of nearly 8% – the biggest...
Mar 28, 2024 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, Health reimbursement arrangements (HRAs), Member engagement, Mobile App, Online Services, Plan members, Substantiation
A flexible spending account (FSA) member can save up to 30% for every dollar they contribute. Likewise, health reimbursement arrangement (HRA) members can greatly lower out-of-pocket costs by using their employer-funded plan to pay for medical expenses. But...
Nov 8, 2023 | Consumer-driven Health Plans, Flexible spending accounts (FSAs), FSA Store, MedBen Access, Mobile App, Online Services
If your plan has a January effective date and you offer a flexible spending account (FSA), please remind your members that December 31, 2023 is the final day they can use their 2023 funds. The best way for FSA members to check their current balances is by visiting...
