Every year a number of tax figures are adjusted for inflation based on the average Consumer Price Index (CPI) for the 12-month period ending the previous August 31. The Department of Labor (DOL) has released the August 2016 CPI which enables actuaries to calculate the 2017 increases for Health Flexible Spending Accounts (Health FSA), the Small Employer Health Insurance Credit and Qualified Transportation fringe benefits. The new 2017 figures are as follows:
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Additionally, the messages and content within the Pittsburgh Health Care Reform group do not reflect the advisory services of Henderson Brothers, Inc.