The IRS 2020 contribution limits were released on November 6, 2019. Here's what's changing for certain employee benefit plans beginning January 1, 2020. 2020 Contribution Limits for FSAs Health FSA For 2020, the Health Flexible Spending Account annual maximum contribution will increase by $50 to $2,750 per plan year. Adoption Assistance FSA The maximum amount… Continue reading IRS 2020 Contributions Limits: What’s Changing
P&A’s Mobile App Adds EZ Scan Eligibility Checker
Use EZ Scan to scan the barcode of any product to see if it's eligible or ineligible under IRS guidelines. Determining product eligibility just got a little easier thanks to the latest enhancement with P&A's mobile app. Using EZ Scan, participants can scan the barcode of any product to see if it's an eligible or… Continue reading P&A’s Mobile App Adds EZ Scan Eligibility Checker
Adoption Assistance FSA: Save Money as Your Family Grows
Enrolling in an Adoption FSA can save you significant money on adoption expenses. One of the biggest challenges facing families who are considering adoption is the cost. According to sources, parents can expect to spend at least $40,000 adopting one child. Luckily, resources like an Adoption Assistance FSA can help reduce expenses. If you're not… Continue reading Adoption Assistance FSA: Save Money as Your Family Grows
FSA Open Enrollment: 5 Ways to Reach Employees
An employee communication strategy is important to a successful FSA Open Enrollment. FSA Open Enrollment is in full swing for many employers and employee communication is more important than ever. Effective employee communication impacts employee satisfaction by reducing uncertainty and confusion. But, that’s not all. How well benefits are communicated to workers is key for… Continue reading FSA Open Enrollment: 5 Ways to Reach Employees
Commuter Benefits to be Offered for New Jersey Workers in 2020
In 2020, most New Jersey employers will be required to offer a pre-tax parking and transit plan. How to get to and from work can be challenging and expensive for many workers. In order to ease the financial burden of commuting, many employers offer a pre-tax commuter benefits program for employees - also known as… Continue reading Commuter Benefits to be Offered for New Jersey Workers in 2020
6 Reasons to Partner with P&A Group
Do you find yourself swamped with participant complaints and questions? Are employees’ accounts not accurate, leaving you with extra work to do? Do your phone calls and e-mails to your vendor go answered? If the company you’re using isn’t working with you the way it should, then it’s time for a change. Partnering with the… Continue reading 6 Reasons to Partner with P&A Group
FSA Savings 101: 5 Ways to Save
For many parents, back-to-school means juggling a new routine, extracurricular activities, and new school expenses: supplies, field trips, lunch money. The costs add up quickly, but luckily there’s savings available –in unexpected places – if you look hard enough. Take, for instance, your Flexible Spending Account or FSA. Here are five ways to experience FSA… Continue reading FSA Savings 101: 5 Ways to Save
3 Reasons To Offer a P&A Group Flex Spending Account
Flex Spending Accounts are a value-added plan to any employee benefits package. Typically, most companies perform an annual review of their benefits package. During this time, HR departments and business owners evaluate the components of their benefits package. They consider factors like utilization rates, costs and overall value. These factors help guide business decisions for… Continue reading 3 Reasons To Offer a P&A Group Flex Spending Account
Health Reimbursement Arrangements: Why Employers Are Giving Them a Second Look in 2020
The IRS announced two new Health Reimbursement Arrangement options will be available in 2020. You may have heard the exciting news last month about Health Reimbursement Arrangements (HRAs) – or did you? Recently, the IRS announced that employers will be able to offer two new variations of HRAs – the Individual Coverage HRA and the… Continue reading Health Reimbursement Arrangements: Why Employers Are Giving Them a Second Look in 2020
P&A Group Mobile App: Built Just for You
Manage your plan(s) easily with the P&A Group mobile app - now available on the App Store and Google Play! You're a busy person and your time is valuable. That's why we built an app specifically with you in mind - one that's helpful and easy to use. The P&A Group mobile app offers easy… Continue reading P&A Group Mobile App: Built Just for You
Why Wait? P&A Group Offers a Mid-Year Plan Takeover
June is here and before we know it the busy fall season will be upon us. But, as we try to savor the summer months, remember you can still make changes now ahead of annual Open Enrollment. P&A Group, a Third Party Administrator or TPA, welcomes clients all year round – even if you’re in… Continue reading Why Wait? P&A Group Offers a Mid-Year Plan Takeover
Hilary Grace Foundation Receives $10,000 Donation from P&A Group
P&A Group presents donation to the Hilary Grace Foundation in May 2019. From left to right: Sandra White, Michael Rizzo, Dr. Thomas White, Lizzie White. Not pictured: Joe Priselac. P&A Group first began supporting the Hilary Grace Foundation (HGF), a non-profit organization based in Buffalo, NY, last year. The foundation is especially meaningful to our… Continue reading Hilary Grace Foundation Receives $10,000 Donation from P&A Group
Employer Savings Case Study: How to Increase Your FSA Participation
P&A Group helps grow your FSA plan with educational tools for participants. With rising healthcare costs, companies are taking a closer look at employer savings strategies. For example, one area worth examining is Flexible Spending Accounts. Yes, that’s right – Flex plans offer significant saving opportunities, especially for medium to large size employers. Here’s what… Continue reading Employer Savings Case Study: How to Increase Your FSA Participation