If you want to understand more about the Lifestyle Spending Account (LSA), here are some of the most frequently asked questions: What is a LSA? An LSA is a benefit provided by your employer to help support your everyday needs that may not otherwise be covered by traditional benefits. With...
A Lifestyle Spending Account (LSA) is an employer-sponsored benefit that allows employees to set aside money for discretionary spending. LSAs are customizable and can be used for a variety of expenses such as child-care, wellness programs, transportation, home office equipment, and much more. Ho...
While the grace period under a Flexible Spending Account (FSA) offers valuable extensions and benefits, it is important to consider the potential drawbacks associated with this provision. Understanding the limitations of the grace period is crucial for individuals seeking to make informed decisions regar...
Flexible spending accounts are similar to a few other three-letter accounts you may have heard of: Like an FSA, ahealth savings account (HSA)is also an account that’s funded with pretax money from your paycheck to use specifically for health care costs. However, you can only contribute to...
Whenyouaddaflexbenefitplantoyourexistingbenefitpackage,youremployeeswillbeabletosetasideportionsoftheirsalariesbeforetaxesarecalculated.Thisreducestheirtaxableincome,meaningtheywillpaylessintaxesandendupwithmoremoneyintheirpockets.Themoneysetasideisautomaticallydeductedfromtheirpaychecksandcreditedtotheirflexspendingaccounts....
Some of its provisions are in full force and effect and have become familiar to us. This article focuses on some unique aspects of the law specifically applicable to account-based health plans. [ FROM AUTHOR]McLeeseKarenR.EBSCO_bspBenefits Law Journal...
The APY is the percentage rate indicating how much interest a bank account earns over the course of one year. It differs from a simple interest rate in that it takes into account the effect of compounding, giving you a clearer picture of how much you’ll earn annually (assuming the APY ...
Financial aid is any form of funding that helps a student pay for college, such as a Pell Grant, loan or merit-based scholarship. Sarah WoodJan. 23, 2025 Tips for First-Year Prelaw Students As a prelaw student in your freshman year, keep your grades high and explore a range of classe...
Another type of FSA is adependent-care flexible spending account, which is used to pay for child-care expenses for children age 12 and under and also can be used to pay for the care of qualifying adults, including a spouse, who can't care for themselves and meet specific Internal Revenue...
An economy encompasses all of the activities related to the production, consumption, and trade of goods and services in an entity, whether the entity is a nation or a small town. No two economies are identical. Each is formed according to its own resources, culture, laws, history, and geog...