Category: Employers
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FSA Updates for 2022
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Dependent Care Limit Increase and Run-Out Deadline Reminder
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA). The legislation goes into effect April 1, 2021 and contains provisions for an increase to the annual Dependent Care FSA contribution limit for 2021.
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CAA 2021 Updates for Cafeteria Plans
On December 27, President Trump signed the Consolidated Appropriations Act, 2021(CAA), which includes $900 billion of COVID relief measures. Below we highlight the legislation included in this bill that affects Cafeteria Plans.
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Office Closure Updates
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2020 Plan Updates and Enrollment Information
As we approach the end of the year, we have a couple of changes and reminders to share with you: 2020 Health FSA Inflation Adjustments, HIPAA Release Form Requirement, 2020 Open Enrollment Elections, and Year-End Balances.
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IRS Releases 2020 Salary Deduction Limits For Health FSA
The voluntary employee salary reduction for contributions to a Health FSA increases to $2,750 from $2,700.
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IRS Releases 2019 Salary Deduction Limits for Health FSA
The voluntary employee salary reduction for contributions to a Health FSA increases to $2,700 from $2,650.
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Information about New Debit Cards and Online (and Mobile) Accounts
Beginning September 12, 2016, GGA will begin using a new administration platform for the management of your Health FSA, Dependent Care FSAs, and HRAs.
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Last Day to use your mySourceCard Debit Cards is on September 5th, 2016
With the upcoming holiday weekend, we want to take this opportunity to remind you that you have through September 5th, 2016 (at midnight) to use the mySourceCard debit cards before they are deactivated due to our software conversion.