Compliance News | November 15, 2023
As a health plan sponsor, Flexible Spending Arrangements (FSAs), Health Savings Accounts (HSAs) and/or Health Reimbursement Arrangements (HRAs) can be effective components of your overall health plan, but only if you understand how they work and the differences (and similarities) among them.
That’s where this chart can help you. It breaks down at a glance the key elements of FSAs, HSAs and HRAs, including the tax status of employer contributions, maximum contribution levels, and more.
Download the chart to learn more.
In November 2023, we updated the chart to include the 2024 inflation-adjusted amounts for FSA contribution limit for 2024 and the carryover maximum to 2025.
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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.
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