FSAs

COVID-19 Personal Protective Equipment (PPE) Now Eligible for FSA, HSA, and HRA Reimbursement

On March 26 the Internal Revenue Service (IRS) released IRS Announcement 2021-7, which states that personal protective equipment such as masks, hand sanitizer, and sanitizing wipes that are purchased “for the primary purpose of preventing the spread of COVID-19” (COVID-19 PPE) are qualified medical expenses under Section 213(d) of the Code.

By |2021-03-30T10:28:40-04:00March 30th, 2021|FSAs, HRAs, HSAs, Legislation, News|

ConnectYourCare Announces 2021 IRS Limits for FSA, Commuter Benefits, and Adoption Assistance

On October 26, 2020, the IRS made the official announcement on 2021 contribution limits for health care flexible spending accounts (FSAs), commuter benefits, and adoption assistance. FSA and commuter benefit contribution limits remain unchanged from 2020, while adoption assistance is increasing.

By |2020-10-29T17:58:17-04:00October 29th, 2020|Adoption Assistance, Commuter, FSAs, Legislation|
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