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.
Notice of Technology Upgrades and Debit Card Changes
Beginning September 12, 2016, Glynn Griffing & Associates will begin using a new administration platform for the management of your Health FSAs, Dependent Care FSAs, and HRAs.
How COBRA Applies to FSAs: 3 Questions Answered
Recently, we’ve been receiving a number of questions about COBRA and its rules and regulations as well as how it applies to FSAs, so we wanted to briefly answer a few questions about who should be offering COBRA, why an employee would elect to COBRA their FSA, and how the FSA Carryover factors into the equation.
IRS Releases 2016 Salary Reduction Limit for Health FSAs
On October 21, 2015 the IRS announced that the dollar limit on employee salary reduciton contributions to Health FSAs will remain at $2,550 for 2016.
myRSC Mobile App: Benefits at Your Fingertips
You can now access your employee benefits account information on your smartphone with the myRSC mobile app.
IRS Releases Annual Inflation Adjustments in Revenue Procedure 2014-61
The IRS released the annual inflation adjustments for 2015 yesterday
IRS Notice Expanding Permitted Election Rules
The IRS issued Notice 2014-55 on September 18, 2014, which expands the permitted election rules for health coverage under a Section 125 cafeteria plan. The notice addresses two specific situations in which a Section 125 cafeteria plan participant is permitted to revoke her/his election during a period of coverage
FSA Carryover Further Explained (Video)
Watch this explanation of FSA (Flexible Spending Account) carryover options.
FSA Carryover Further Encourages a Repeal of the OTC Prescription Provision
No matter on which side of the coin you fall regarding the Affordable Care Act, something on which we can probably all agree is that thankfully, we have ECFC to help us advocate to protect the value of tax-advantaged accounts.
New FSA brochure now available online.
Flexible Spending Accounts are reimbursement accounts that allow you to pay for certain eligible expenses with tax-free dollars.