Health FSA Limit Will Increase for 2023
Highlights The health FSA dollar limit on employee salary reduction contributions will increase to $3,050 for plan years beginning in 2023. On Oct. 18, 2022, the IRS released Revenue Procedure 2022-38 (Rev. Proc. 22-38), which includes the inflation-adjusted limit for 2023 on employee salary reduction contributions to health flexible spending accounts (FSAs). The Affordable Care Act (ACA) […]
Qualified Transportation Fringe Benefit Limits to Increase in 2023
Qualified Transportation Fringe Benefit Limits to Increase in 2023 Highlights: The IRS has released Revenue Procedure 2022-38, which includes cost-of-living adjustments for employee qualified transportation fringe benefits for the 2023 taxable year, along with annually adjusted numbers for 2023 for other tax provisions. The combined monthly limit for transportation in a commuter highway vehicle and a […]
Employee’s Guide to Health Plans
Employee’s Guide to Health Plans Chart describing the differences between FFS, HMO, PPO, POS and HDHPs.
