2340 Detroit Ave, 3rd Floor Maumee, OH 43537 | Phone: 419-535-5502

10 Surprising Things You Can Buy With Your Leftover FSA Money | OH Employee Benefits Group

The end of the year is drawing near which may mean you have some extra money to spend. No, you didn’t read that wrong.  Many Americans have money in their Flexible Savings Accounts (FSAs) that they need to use up before the end of the year. FSAs provide the benefit of putting pre-tax money aside … Continued

IRS rule allowing flexible spending account carry-overs has pros and cons for employers

Change will reduce year-end buying rush but halt expenses offset. Read full article…

The New FSA Carryover Rule…Pros and Cons…

What does the new FSA Carryover Rule mean for your benefits plan. See how you may keep your plan as is, or change to the new rule.

Health FSA Rule Change Explained

Under the new rule, a plan may — but is not required to — allow participants to carryover up to $500 in unused contributions to the next plan year. The $500 carryover does not count against the maximum employee contribution to an HFSA of $2500 per year.

FSA use-it-or-lose-it rule changed!

The U.S. Department of the Treasury and the IRS on Thursday issued a notice modifying the longstanding “use-or-lose” rule for health flexible spending arrangements. Participants now can carry over up to $500 of their unused balances remaining at the end of a plan year.

Benefits at the edge of the fiscal cliff – 4 areas to watch

Morganthaler and Wimer’s report outlines four benefit and payroll areas that should be top of mind

What you may not know about your FSA

Now is the perfect time for HR managers to keep details of FSAs top of mind and help employees understand the fine print so they recognize why enrolling this fall is the smart financial decision.