Some SECURE Act 2.0 provisions have already come into effect in 2023, but it will continue to have a huge impact on the US retirement system due to new … [Read more...]
SECURE 2.0 Act 2023 Provisions
December 1, 2023
Congress passed a new act called the Securing a Strong Retirement Act of 2022 (commonly referred to as SECURE 2.0) as part of the Consolidated Appropriations … [Read more...]
Flex Spending Account, DCAP, HSA, HRA, QSEHRA Election Changes
March 25, 2020
This article was last updated on 4-2-20 at 11 am. Flex Spending Account (FSA and Limited FSA) Election Changes Here is the most up-to-date information on … [Read more...]
5500 Filing Deadline Reminder
August 19, 2019
Cafeteria/Retirement Plan 5500 Filing Deadline: July 31 (for plans with 12-31 year ends) ERISA, the federal law that governs retirement and welfare plans (e.g. … [Read more...]
Eligibility Requirements for FSA Reimbursement
April 9, 2019
A Flexible Spending Account (FSA) is funded by pre-tax contributions, therefore the IRS requires participants to comply with guidelines for reimbursement … [Read more...]
1095 and 1094 Filing Deadlines
February 24, 2017
Below are the filing deadlines to provide health coverage information, Forms 1095 and 1094, for 2018 to individual taxpayers and the IRS. The due date for … [Read more...]
Complying with the Individual Mandate
January 21, 2015
IRS Issues Guidance and Forms for Reporting 2014 Premium Tax Credit The IRS has released a number of resources for taxpayers preparing to report health … [Read more...]
Commonly Submitted Flex Expenses
December 18, 2014
Prescription drugs are one of the most commonly submitted Flex expenses… please note the following tips to make submitting these claims simple: … [Read more...]
Dependent Care Claims
December 18, 2014
Dependent Care Claims When completing a dependent care reimbursement request, please make sure it contains the following: Name of provider Dates of … [Read more...]
Eyeglasses and Contact Lenses Reimbursement
December 18, 2014
Reimbursement for eyeglasses and contact lenses are based on the date they were ordered, not the date they were paid for or picked up. Also, sunglasses and … [Read more...]
