How do HRA, HSA and FSA differ when you’re eligible for Medicare?

Does your health insurance policy include a spending account or reimbursement arrangement from which you can pull funds for out-of-pocket healthcare expenses? If so, you most likely have an HSA, Medical FSA, or an HRA attached to your health plan. Below, we’ve broken down each term to clarify the differences between all three. Health Savings … Continued

Increased limit on employee contributions to employer-sponsored health care FSAs

The annual dollar limit on employee contributions to employer-sponsored health care FSAs can be increased to $2,550 in 2015, up from $2,500 in 2014. Employers are not required to increase their health care maximum contribution to $2,550. The annual limit for dependent care FSAs will remain at $5,000.   Please note that the information contained … Continued