The "use-or-lose" rule is open for comments. That's good news for the millions of Americans who use tax-advantaged accounts to cut down expenses on health care as well as for benefits managers and administrators of tax-advantaged accounts.
With summer rapidly approaching, its important for benefits managers to educate employees about the cost-saving tools available to them to decrease expenses on summer camps and other options for dependent care.
With the tax day filing deadline looming on April 17, many Americans are looking for strategies to help save money and pay less in taxes. Benefits managers are well positioned to help them do both by educating more employees about consumer-directed benefit accounts, including flexible spending accounts (FSAs) and transit...
As the New Year begins, it seems like as good a time as any for me to make a list of what Id like Congress to do in order to help make account-based plans, such as health flexible spending accounts and transit benefits, more accessible and user friendly.
If Congress doesnt act before the end of the year, the current contribution level for mass transit will drop down to $125 per month, causing many who rely on this benefit to receive the equivalent of a tax hike on their commuting costs. Thats a bite of up to $42...
Every year at this time, workplace emails, the media, advertising at retailers, and even family and friends remind you to hurry up and spend your health care flexible spending account (FSA) dollars before you lose them.
As recent surveys have shown, many employees regret missing opportunities to participate additional voluntary benefits, such as tax-advantaged benefits, which can help them save up to 40 percent on their routine and unavoidable health, dependent care and commuter costs.
A new study by Harris Interactive and reported in Reuters Monday lamented the fact that too many people make benefits decisions that just dont benefit them.