The IRS recently announced that the maximum annual contribution limit for Flexible Spending Accounts will edge up $50 to $2,550 for 2015. This allows employers to increase their plan limits but it is not a mandatory change. Unfortunately, this announcement[…]
Open enrollment for the tax-advantaged side accounts began on Monday, November 3. However, if your co-op plans to offer a premium-only retiree HRA plan next year, you may have experienced problems with creating and/or selecting these plans online and entering[…]
As your co-op prepares to enroll employees in tax-advantaged side accounts during open enrollment, which runs from November 1–30, an instructional resource is available online. The webinar that was held on October 2, “Tax-Advantaged Side Accounts: A New Administrative Portal[…]
If your cooperative will offer a Health Savings Account (HSA) through NRECA’s vendor partner HealthEquity in the 2015 plan year, you can request an HSA open enrollment tool box to help you educate your employees about this benefit. The HealthEquity[…]
The deadline for returning certain forms to Cooperative Benefit Administrators (CBA)—those that are required for your cooperative to offer CBA-administered tax-advantaged side accounts to employees in 2015—is tomorrow, October 9. Other documents should be executed and kept at your co-op[…]