A list of common FSA eligible expenses group in categories. In addition, we’ve included a list of items that require a letter of medical necessity to be FSA eligible and items that are not FSA eligible.
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Entries by Anna Mulder
IRS has just issued Revenue Procedure 2019-25, which provides the 2020 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Many items have increased for 2020. Health Savings Accounts 2020 2019 Self-only coverage Self-only coverage annual minimum deductible $1,400 $1,350 Self-only coverage maximum out of pocket $6,900 $6,750 Self-only coverage maximum […]
New Jersey Governor Phil Murphy signed S.1567 into law March 1, 2019. New Jersey is the first state to require employers to offer pre-tax commuter benefits to employees. New Jersey joins several cities, including Washington DC, Seattle and San Francisco, to make such a mandate. The new law applies to employers with 20 or more […]
The Fair Labor Standards Act (FLSA) does not require that you give employees a pay stub, it does mandate that you keep accurate records of employees’ wages and hours worked. Also, many states require that employers supply employees with a pay stub. However, not all states require pay stubs, and in some cases where it […]
PORTAGE, Mich., May 7, 2019 /PRNewswire/ — BASIC is proud to announce the launch of a new HIPAA Compliance service, adding to their already exceptional suite of HR and Compliance solutions for employers. BASIC’s HIPAA Compliance service helps employers remain compliant with the burdensome requirements of the HIPAA Privacy & Security Rule by ensuring the […]
Do you want to become more sophisticated about compliance? Take advantage of the Department of Labor’s resources and assistance. Office of Compliance Initiatives: Last year, the DOL announced its new Office of Compliance initiatives. Among other things, the OCI will enable DOL enforcement agencies to better utilize online resources to assist employers and employees. For […]
How to Calculate Paid Time Off for Commission-Only Employees Federal law does not require employers to provide paid time off (PTO) to commissioned employees. Therefore, unless state law says differently, it’s up to employers to establish their own vacation and PTO rules — including the rate of pay — for commission-only employees. How to Determine […]
On Wednesday, July 25th, the House of Representatives passed two healthcare bills that could have an enormous effect on employee enrollment in high-deductible health plans that feature HSAs. The Restoring Access to Medication and Modernizing Health Savings Accounts Act (H.R. 6199) would allow HDHPs to provide coverage before the deductible is met, increase flexibility for […]
Everyone knows there is a big nursing shortfall, but, due to the rapid growth of the healthcare sector and its sheer size, there is a need for highly qualified individuals for a variety of roles at doctors’ offices. It’s a challenge to fill jobs. And despite this need, there are obvious pressures for cost containment […]
The 2018 draft version of IRS form 1040 (U.S. Individual Income Tax Return) has undergone some major changes. The new version reduces the length to two half-pages and has over fifty fewer lines than the 2017 version. Many of the items that were previously on the front of the form have also been moved to […]