On October 22, 2024, the IRS announced that the limit on employees’ salary reduction contributions to a health Flexible Spending Account (FSA) will increase to $3,3000 for plan years beginning in 2025. This is an increase from the 2024 limit of $3,200. By understanding the latest contribution limits, individuals can better plan for 2025 and
The end of the year is drawing near which may mean you have some extra money to spend. No, you didn’t read that wrong. Many Americans have money in their Flexible Savings Accounts (FSAs) that they need to use up before the end of the year. FSAs provide the benefit of putting pre-tax money aside
FSA / HSA Accounts: As an integral part of the CARES Act Stimulus Bill recently passed, the government has reinstated coverage for Over-the-Counter medications and drugs. What does this mean to you? You can now use your FSA or HSA account to purchase medications and drugs over the counter without a prescription. If you
As 2019 is nearing an end, many people are looking at this year’s medical expenses to plan for how much they should set back for next year. In investigating these expenditures, you may notice that you still have money in your Flexible Spending Account (FSA) for 2019. FSAs are unique in that any unused money
Question: A terminated employee took COBRA for the health FSA. Can he stop making after-tax COBRA contributions after three months, then just keep paying the 2 percent admin fee and continue accessing the account? Or does he have to make full contributions in order to use it, even on COBRA? Answer: Health flexible spending account
4165 Thousand Oaks Blvd.
Suite 325
Westlake Village, CA 91362
Phone: (805) 446-4350
Toll Free: (800) 540-4032
Fax: (805) 466-4378
Interested in a Career at NBG Privacy Policy
© 2025 Nielsen Benefits Group All Rights Reserved. | Powered by eTekhnos
