Does your company include a Flexible Spending Account (FSA) option in its employee benefits program? If so, please take note of the increased contribution limit for 2015.
Effective January 1st, 2015, the IRS announced that the maximum contribution employees will be able to make to their Flexible Spending Accounts (FSAs) will be $2,550.
This is an increase of $50 over the current $2,500 limit, which was set by the Affordable Care Act.
If your company would like to amend its FSA plan to take advantage of this increased limit, please contact the CBG Benefits team today.