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What's New:
New Limits for 2008
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Effective January 1, 2008, the following limits have been established by the IRS:
Medical Mileage Reimbursement - 19 cents per mile
Pre-Tax Parking Maximum - $215 per month
Pre-Tax Mass Transit Maximum - $110 per month
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FSA Debit Card and IIAS Regulation
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Beginning in January 2008, the IRS will require that multi-purpose merchants (such as grocery stores and discounts stores) identify eligible medical expenses through the use of an "Inventory Information Approval System (IIAS)". If a merchant does NOT comply with .....Continue Reading
New Limits for 2007
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Effective January 1, 2007, the following limits have been established by the IRS:
Medical Mileage Reimbursement - 20 cents per mile
Pre-Tax Parking Maximum - $215 per month
Pre-Tax Mass Transit Maximum - $110 per month
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Up to 15% Discount at LasikPlus
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Metavante Healthcare Payment Solutions has recently partnered with LasikPlus to provide you with a discount of up to 15 percent on LASIK eye surgery.
Simply call 1-800-988-4235 or visit the Metavante/LasikPlus partnership web page at www.lasikplus.com/metavante.asp .....Continue Reading
Discounts with Drugstore.com
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Want a better way to use your FSA and save money at the same time? When you use your FSA card at drugstore.com, your health, vision, and prescription purchases are automatically approved. No claims.
No waiting for reimbursement.
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Important Dependent Care Updates
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Dependent Care News
The IRS has provided some clarification on Expenses for Household and Dependent Care Services Necessary for Gainful Employment. These guidelines are used for reference in reviewing the eligibility of expenses for reimbursement through the Dependent .....Continue Reading
Debit Card Outage Information
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MBI’s transaction processor will be performing their 2006 quarterly maintenance on the following dates:
Saturday, September 23rd 9-11:00 p.m. ET
Monday, October 23rd 2-6 a.m. ET
During these time periods, transactions will be denied. Cardholder transactions denied .....Continue Reading
2 1/2 Month Extension Period
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The IRS is allowing Employers the option of adding a maximum 2 ½ month extension period to their existing FSA plans. This much awaited decision lessens the Use-It-Or-Lose-It clause associated with FSA plans.
Formally, employees enrolled in a .....Continue Reading
New Limits for 2006
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Effective January 1, 2006, the following limits have been established by the IRS:
Medical Mileage Reimbursement - 18 cents per mile
Pre-Tax Parking Maximum - $205 per month
Pre-Tax Mass Transit Maximum - $105 per month .....Continue Reading
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