by Flexible Benefit Administrators, Inc. | Nov 10, 2021 | IRS Update, News & Updates
The IRS Released Revenue Procedure 2021-45 just now announcing the limits for 2022. Most limits for tax-advantaged accounts did increase for the upcoming year. The HSA Limits and HDHP Limits were announced earlier this year in Revenue Procedure 2021-25. The new limits...
by Flexible Benefit Administrators, Inc. | Oct 18, 2021 | IRS Update, News & Updates
Recently, the IRS published clarification regarding timeframes under specific Emergency Relief Notices to COBRA elections and premiums payments during the Pandemic. A transition rule provides that in no event will an initial COBRA premium payment be due before...
by Flexible Benefit Administrators, Inc. | Oct 18, 2021 | Education, Tips & Tricks
Even though the Food and Drug Administration (FDA) approved the first at-home COVID-19 test in April 2020, we have seen more and more participants in tax-advantaged accounts and their employers inquiring whether this is an eligible expense in recent months. ...
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