News & Blog

IRS Updates Form W-2 for 2021 Dependent Care Changes

Employer, Flexible Spending Accounts, FSA, Participant

  Under the American Rescue Plan Act (ARPA), employers had the option to allow a temporary increase in dependent care contributions for the 2021 plan year.  The maximum amount of $5,000 was increased to $10,500.  For those employers who adopted this provision, please be aware the IRS has updated Form W-2 and employee instructions on…

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Expiration of COBRA Subsidy Allowed under ARPA

COBRA, Solutions

  ARPA COBRA Summary As part of the American Rescue Plan Act (ARPA), signed by President Biden on March 11, 2021, qualified COBRA participants were provided temporary premium assistance through a subsidy allowed under the Act.  Qualified COBRA participants eligible for the premium subsidy were individuals who: were involuntarily separated from employment or had a…

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P&A Group Launches GoodCell’s Platform for FSA/HSA Members

A Word from Joe Priselac, Employer, Flexible Spending Accounts, FSA, Health Savings Account, HSA, P&A Group, Participant, Solutions

P&A Announces New Partnership with GoodCell     P&A Group is partnering with GoodCell, an FSA/HSA eligible member-based health platform that offers genetic testing, health screenings and personal biobanking, to its growing affiliate network. P&A Group plan participants will be able to access GoodCell’s product and services to assess their current health, track the progression…

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IRS 2022 Contributions Limits: What’s Changing

Commuter Benefits, FSA, HSA, Open Enrollment, Participant, Retirement, Retirement Plan Services, Transit

  The IRS 2022 contribution limits were released on November 10, 2021. Here’s what’s changing for certain employee benefit plans beginning January 1, 2022.   2022 Contribution Limits for FSAs   Health FSA For 2022, the Health Flexible Spending Account annual maximum contribution will increase by $100 to $2,850 per plan year.   Adoption Assistance…

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At-home COVID-19 Tests are FSA, HSA Eligible

Flexible Spending Accounts, Health Savings Account

  There’s another item you can use your pre-tax benefits for:  at-home COVID-19 tests.  On Friday, September 10, the IRS released an update that identifies at-home COVID-19 tests as an eligible expense for Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and certain types of Health Reimbursement Arrangements (HRAs).  P&A’s vendor partner, FSA Store, offers…

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P&A Account Tools to Consider Ahead of Open Enrollment

Flexible Spending Accounts, FSA, Health Savings Account, HSA, Open Enrollment, Reimbursement Accounts

  As you get ready to make your Open Enrollment elections, there is a lot to consider.  What benefits are right for you?  What types of coverage do you want to elect and what tiers make the most sense?  When it comes to your pre-tax reimbursement accounts, like FSAs and HSAs, P&A’s participant tools make…

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