In light of newly announced IRS contribution limits, Health-E Commerce® shares five little-known facts about flexible spending accounts
Summary
In light of the increase, Health-E Commerce®, parent brand to FSAstore.com® – the first and leading online store dedicated to exclusively selling FSA-eligible products – is educating account holders on the following little-known facts that will help them make the most of their FSA in the coming year. • If two spouses each have access to their own FSA through their respective employers, they could each elect the maximum of for a combined household set-aside of . "By increasing the FSA contribution limits to keep pace with inflation, the Internal Revenue Service is enabling individuals and families to help protect their health, wellness, and financial wellbeing as prices continue to increase in all aspects of our lives," said Rachel Rouleau, chief compliance officer for Health-E Commerce. FSA Store offers a free, comprehensive eligibility list that makes it easy to map spending for the remainder of the year to ensure consumers dont leave any tax-free funds on the table due to a missed deadline. Since 2010, the Health-E Commerce brands have led the direct-to-consumer e-commerce market for exclusively pre-tax health and wellness benefits.