A blog was published previously that announced the 2023 IRS rates. MSU's Flex spending plan is governed by the State of Missouri's Office of Administration. Based on the timing of IRS release of 2023 limit the State follows the prior year maximum and therefore the medical FSA maximum is limited to $2850. We apologize for any confusion What are the 2023 FSA account limits? The … [Read more...] about Corrected Notice about Flex Spending Account Rates
A Medical Flexible Spending Account (FSA) can be used to pay for copayments, deductibles, some drugs, and some other health care costs, while a dependent care FSA can be utilized on qualified dependent or elder care expenses. Using an FSA can reduce your taxes. What is a Medical FSA? A Flexible Spending Account (also known as a flexible spending arrangement) is a special … [Read more...] about Flex Spending Account
Take care of your dental health National Tooth fairy day encourages us to help develop good dental hygiene practices. Celebrated twice yearly, February 28th and August 22nd, it’s a good reminder that Dentist recommend dental exams and cleanings twice yearly. The MSU sponsored dental plan received significant enhancements in 2022: Benefit enhancements included: … [Read more...] about National Tooth Fairy Day – August 22, 2022
The IRS issued Announcement 2022-13 to increase the standard mileage rate for the use of an automobile to seek health care. Participants can submit claims for mileage reimbursement via the ASIFlex Mobile App or online. No documentation is required! Mileage rates apply to the health care FSA reimbursements. No documentation is needed – mileage is self-reported. Participants … [Read more...] about IRS increases mileage reimbursement available under flexible spending
People in the U.S. now spend an average of 17 hours a day in front of screens, according to One Poll survey, 2020. Smartphones, computer monitors, and like devices all emit blue light. Blue light exposure has been linked to blurred vision, dry eyes, tired eyes, and other symptoms of digital eye strain. Even if you don’t wear prescription glasses, an annual eye exam is an … [Read more...] about Digital Exposure and Eye Health