Health FSA maximum elections

As a result of the Federal Government's Healthcare reform bill, beginning January 1, 2013 the IRS determines the maximum amount you can elect for unreimbursed medical.  The current IRS medical limit is $3,050.  Please check with your Employer for your set limit.

OTC Medicines

Effective 2020, Over-the-counter (OTC) drugs are again an eligible expense with your flex plan dollras and debit cards are eligible to purchase approved OTC items at the point of sale.

Coverage for Dependents up to Age 26

Healthcare reform allows for your dependents to be covered under your medical plans until they turn 26 years of age.  Please click here to read more regarding this ruling.

Medical Mileage

Effective January 1, 2023 the IRS announced the mileage rate for medical reimbursement purposes will be .22 cents per mile.  

Use it or Lose it Rule

Effective 1/1/2023 the IRS announced that it will allow employers to amend their flex plans to allow for a $610 carryover of unreimbursed medical funds into the new plan year.  Recent changes by Congress have increased the carryover limit to be set each year and is not automatic.  Your employer must agree to increase the carryover limit set by IRS each year.  Contact your employer to see if this option is available with your plan.

 Private Medical premium changes

Effective January 1, 2014, due to the Affordable Care Act and healthcare reform, private premiums for individual health plans are no longer eligible to be reimbursed through the Cafeteria Plan.  Please contact us if you have questions regarding this new ruling.