There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here’s how to make sense of this alphabet soup of health care accounts. HSAs If you’re covered by… Continue Reading
Cafeteria Plans. Beginning in 2015, the dollar limitation on employee salary reductions for contributions to health flexible spending arrangements is $2,550. Qualified Transportation Fringe Benefit. Beginning in 2015, the monthly limitation regarding the amount for transportation in a commuter highway vehicle and any transit pass is $130. The monthly limitation regarding qualified parking is $250.