A health FSA (flexible spending account) is a type of tax-advantaged medical account that reimburses employees for eligible health care expenses that are not covered by their health plans. Both employees and employers can contribute to a health FSA, subject to certain limits on a tax-advantaged basis. Typically, health FSAs are offered as a benefit…

On August 12, 2022, the U.S. House of Representatives passed the Inflation Reduction Act. This act is expected to be signed into law shortly by President Joe Biden. While this bill is primarily aimed at fighting inflation and reducing carbon emissions, it also contains a number of reforms that will impact health coverage. The health…