"FSA Changes For 2011"

Looks like the feds are going to change the FSA eligibility for over-the-counter meds. Here is an article that discusses the change. http://hr.blr.com/HR-news/Benefits-Leave/Flexible-Benefits-Cafeteria-Plans/New-IRS-Guidance-Affecting-FSAs-/ This will be a bummer for employees who use this. It really does give employees a tax break. Anybody have any thoughts on self-funded programs?

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I'd love other options, but the Feds control the tax advantage... and are squeezing this. Health Savings Accounts are still worthwhile, and also have the tax advantage (but it's use it or keep it!) 2012 limits for HSAs were just announced: Deductible min: $1,200 single; $2,400 family OOP Max: $6,050 single; $12,100 family HSA contribution level maximums: Singles: $3,100 Family: $6,250 Catch-up: $1,000 (age 55+)

Posted on May 17, 2011
by RustyMagner - 0 Votes - Flag this post

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on Sep 9, 2010

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