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
Good news for commuters: UberPool, Lyft Line and Via fares were added to P&A's Benefits Card platform as eligible expenses under the pre-tax Transit Account. Participants in the pre-tax Transit Account (Section 132 Plan) can use their P&A Benefits Card to pay for these work related commuting expenses. These fares were not previously authorized expenses… Continue reading Pre-Tax Transit Account: Using UberPool, Lyft Line and Via
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 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
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