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
Category: Pre-Tax Commuter Plans
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
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
How to Upload a Claim & Submit Documentation
As a P&A plan participant, there may be times when you need to upload a claim or you are asked to submit additional documentation for an existing claim. Here are some helpful guidelines on how to upload a claim accurately - and get your reimbursement even faster! Below are the steps to log into your… Continue reading How to Upload a Claim & Submit Documentation
New Inflation-Adjusted Amounts Released for 2018
Flexible Spending Accounts Health FSA For 2018, the dollar limitation on employee salary reduction contributions to a Health Flexible Spending Account will increase by $50 to $2,650 per plan year. Adoption Assistance FSA The maximum amount that may be excluded from an employee's gross income under an employer-provided adoption assistance program for the adoption of… Continue reading New Inflation-Adjusted Amounts Released for 2018
Pre-Tax Transit Account: Using UberPool, Lyft Line and Via
Earlier this year we reported that UberPool, Lyft Line and Via fares were being added to P&A's Benefits Card platform as eligible expenses under the pre-tax Transit Account. We are excited to announce the update is complete and, effective immediately, participants in the pre-tax Transit Account (Section 132 Plan) can use their P&A Benefits Card… Continue reading Pre-Tax Transit Account: Using UberPool, Lyft Line and Via
Commuting Made Easy with P&A
Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get to and from work? P&A offers a commuter plan that allows your employees to set aside pre-tax dollars to use for these expenses.
P&A’s Commuter Benefits Card Accepted at Ride Sharing Services
P&A Group’s Benefits Card vendor, Alegeus, announced that UberPool, Lyft Line & Via fare can be paid for with the P&A issued Commuter Benefits Card. This new feature provides greater convenience for commuter participants in the pre-tax Transit program! Previously, these vendors were not authorized with the Commuter Benefits Card and therefore could not be… Continue reading P&A’s Commuter Benefits Card Accepted at Ride Sharing Services
2016 Commuter Plan Q&A: Changes for Employees
Q: What are the changes to the rules for mass transit plans? A: The IRS issued 2014-32, click here. The most significant change to commuter plans is that employers may no longer provide cash reimbursements for mass transit expenses when a terminal-restricted debit card is readily available in the employer’s geographic area, beginning 1/1/2016. Parking… Continue reading 2016 Commuter Plan Q&A: Changes for Employees