The Affordable Care Act’s Cadillac tax will apply to high-cost, employer-provided health coverage in 2018. To avoid the tax, some companies might end medical FSAs.
No more worries about using or losing your medical flexible spending account, or FSA, money. Uncle Sam now allows you to carry over $500 in unused FSA funds each year.
A House vote today would ease current flexible spending account restrictions. Too bad it’s just symbolic.
Employer-provided benefits that can save workers tax dollars are one of the biggest costs to the U.S. Treasury. But apparently Uncle Sam’s costs could be higher if more employees took advantage of additional workplace offerings. Take flexible spending accounts, or FSAs, for example. These are a great way to stash money before taxes are taken
If you have a medical flexible spending account at work and you didn’t spend all the money in that account by Dec. 31, 2010, you might have a second chance to do so. The flexible spending account, or FSA, is a company-provided benefit. It allows workers to put money into an account before taxes are withheld. Then that pretax