News & Press: Regulation

Plan now to Use Health Flexible Spending Arrangements in 2018; Contribute up to $2,650

Wednesday, November 15, 2017   (0 Comments)
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The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2018.

FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered by other health plans. Because eligible employees need to decide how much to contribute through payroll deductions before the plan year begins, many employers this fall are offering their employees the option to participate during the 2018 plan year.

See more here.