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Cap To Rise on Flexible Spending Accounts, But Late For Open Enrollment

Cap To Rise on Flexible Spending Accounts, But Late For Open Enrollment

Health flexible spending accounts (FSAs) are a very valuable benefit to many employees, especially as employers have increased employee cost sharing with higher deductibles, coinsurance and co-payments. Employees can use the FSA to reimburse those out-of-pocket costs on a tax-favored basis. Employees also find FSAs valuable in helping to pay the costs of…