Tagged With: "fsa"

Flexible Spending Accounts: Grace Period vs. Carryover

16 January, 2019

Flexible spending accounts have a “use it or lose it” rule that applies to the funds. Historically, this rule was the only option for flexible spending account holders. However, two important changes have emerged in the past decade that may allow account holders a bit of breathing room i...

A Roundup of Eligible and Ineligible FSA Expenses

14 November, 2017 | 1 Comments

Open enrollment is here and now is the perfect time to enroll in the company flexible spending plan (FSA) – if you haven’t already! With an FSA, you can set aside up to $2,650 in 2018. That money can be used to pay for all kinds of qualified health expenses and services. You might be surprised to se...

Not Using the Infinisource FSA Resource Center? Here’s What You’re Missing!

31 October, 2017

Flexible spending accounts (FSAs) have been around for a while, but there is still quite a bit of confusion around what’s eligible and how to use this valuable resource. FSAs are further complicated by the fact that there are several options: health, limited purpose, and dependent care. A health FSA...

IRS Released 2018 FSA and Transit Limits

20 October, 2017

The IRS has released the 2018 FSA and Transit/Parking plan limits. Please refer to the chart below to see the new 2018 limits and a side-by-side comparison of the 2017 limits. 2018 contribution limits released The IRS has released some of the limits for 2018. We have created a helpful chart that you...

Using a Dependent Care FSA to Save on Child Care Costs

22 August, 2017

According to statistics from the U.S. Bureau of Labor Statistics, the number of dual-income families has increased steadily in the recent past. In 2016, of the 34.2 million American families that include children under the age of 18, 61.1% had both parents employed. More than half of mothers with ch...