The Internal Revenue Service (IRS) recently announced that California wildfire victims are now eligible for tax relief, including deadline extensions. The full details of this announcement are available here. This is good news for all Californians who have been significantly…
Read More About IRS Tax Relief for California Wildfire Victims – Deadlines Extended
In a move toward enhancing healthcare accessibility, the IRS has released Notice 2024-75, expanding the list of preventative care coverage allowed under high deductible health plans (HDHPs). This update allows certain preventative care services and products to be provided without…
Read More About IRS Expands Preventative Care Coverage for HDHPs
The IRS has announced the 2025 cost-of-living adjustments (COLA) for various tax-advantaged accounts, including Flexible Spending Accounts (FSAs). This blog post will walk you through the key changes and their implications. Here’s a quick summary of the 2025 limits for…
Read More About 2025 Cost-of-Living Adjustments Unveiled by IRS for FSAs and More
Let's explore everything you need to know about a Healthcare FSA and why this benefit makes good sense for employees and human resource managers. As an HR manager, you are at the forefront of ensuring that your company’s benefits package…
Read More About Healthcare FSA: A Wise Financial Decision for Employees and HR Managers
Nexus Administrators and Navia Benefit Solutions Announce New Partnership Fresno, CA – February 8, 2024 – Nexus Administrators, Inc., an experienced retirement plan administrator for over 30 years, announces its partnership and merger with Navia Benefit Solutions, a nationwide consumer-directed…
Read More About Nexus Administrators and Navia Benefit Solutions Announce Company Merger
Americans with federal student loan debt will be forced to start repaying on those loans this fall due to the Supreme Court ruling against President Biden’s proposed student loan forgiveness program. Student loans have been in suspension for several years…
Read More About Top 4 Reasons to implement a Student Loan Repayment Plan Today
On April 10, 2023, President Biden signed a joint resolution (H. Joint Resolution 7) to end the COVID-19 National Emergency. The National Emergency will now end on May 11, 2023. This means employers will no longer be required to extend…
Read More About End of the COVID-19 National Emergency and Outbreak Period
Some employees may be able to eliminate more taxes next year because the IRS has announced new increased contribution limits to Flexible Spending Accounts (FSA) and commuter benefits for 2023. This is in addition to the Health Savings Account (HAS)…
Read More About 2023 FSA and commuter contribution limits rise; $200 more for health expenses
Face masks FSA, HSA, and HRA eligible retroactively back to January 1, 2020 A new IRS Notice just made COVID-related personal protective equipment (PPE) like hand sanitizer and face masks FSA (flexible spending accounts) and HSA (health savings accounts) eligible,…
Read More About IRS says COVID PPEs like face masks are FSA, HSA, and HRA eligible
President Trump signed the HR 133 Consolidated Appropriations Act (CAA) on December 27th, which contains five FSA changes to help employees avoid losing funds. The new provisions temporarily do away with the “use-it-or-lose-it” rule through 2022 by providing unlimited carryover…
Read More About 5 FSA changes in 2021 stimulus bill offer relief to employees
