When tax season approaches, you may need to file certain tax forms for your Health Savings Account (HSA). Follow P&A Group’s guide below to access all of the required forms through your P&A HSA. Please note you do not need to provide these forms if you participate in an FSA, Commuter Benefits Plan, or…
P&A’s product and software development teams are pleased to deliver an innovative tool for new COBRA continuants through the launch and design of P&A Group’s COBRA online enrollment portal. Beginning January 2024, the new portal will be available to all COBRA continuants enrolling in coverage. COBRA Online Enrollment Portal: Details Specially designed…
As this year comes to a close, we want to take a moment to reflect on some of the enhancements, products and services we delivered in 2023. Here are some highlights in P&A’s 2023 year in review. From all of us at P&A, we look forward to serving you in 2024 and wish you…
On Thursday, November 9, 2023, the IRS announced the 2024 contribution limits for reimbursement accounts. Here are the new annual limits for account holders beginning on January 1, 2024. 2024 Contribution Limits for FSAs Health FSA For 2024, the Health Flexible Spending Account annual maximum contribution will increase by $150 to $3,200…
On November 1, 2023, the IRS announced inflation adjusted amounts for 2024 retirement plans. Contribution limits to 401(k), 403(b) and 457 Plans are receiving an increase for 2024. Below is an outline of the 2024 contribution limits for retirement plans effective January 1, 2024. 2024 Contribution Limits for Retirement Plans 401(k), 403(b), 457…
Chicago River with boats and traffic from above in the morning Illinois recently enacted a law encouraging public commuter transportation to and from work. The Transportation Benefits Program Act begins January 1, 2024. Under the Illinois Commuter Benefits Ordinance, qualified employers must offer eligible employees a pre-tax commuter benefit. 2024 Illinois Commuter Benefits…