Effective February 2023, P&A Reimbursement Accounts will see some changes to the administrative fee invoice process. These changes apply to all FSA, HRA, HSA, Lifestyle Spending Account and Commuter Benefit clients. Please see a summary of the fee invoice changes below. Changes to Fee Invoice Dates The fee invoice will now be issued…
Somehow 2022 is coming to an end and we are on the brink of another New Year. As we reflect on 2022, we are reminded of the great partnerships we have and want to take a moment to say thank you. We value your trust in us to administer your benefit plans and are…
HR professionals often have their plates full of juggling different facets of their important roles. On top of that, Open Enrollment can be a traditionally hectic time as companies prepare to roll out next year’s benefit options to their employees and COBRA continuants. At P&A, we support employers however we can, whether through guided…
On October 21, 2022, the IRS announced inflation adjusted amounts for 2023 retirement plans. Among the bigger changes – contribution limits to 401(k), 403(b) and 457 Plans are experiencing a big jump for 2023. Below is an outline of the 2023 contribution limits for retirement plans effective January 1, 2023. 401(k), 403(b), 457 Plans…
On Tuesday, October 18, 2022, the IRS announced the 2023 contribution limits for reimbursement accounts. Here are the new annual limits for account holders beginning on January 1, 2023. 2023 Contribution Limits for FSAs Health FSA For 2023, the Health Flexible Spending Account annual maximum contribution will increase by $200 to $3,050…
October 15 is National HSA Awareness Day, an annual event that focuses on the importance of Health Savings Accounts within the employee benefits industry and emphasizes its significant impact on Americans. To help spread awareness about this important benefit, P&A is outlining the special tax advantages of HSAs, how consumers can determine if…