Highlighting News, Trends and Best Practices in Employee Benefits

Legal Brief - Internal Revenue Service (IRS) Increases Health Flexible Savings (FSA) Contribution Limit for 2018

Posted by Ironwood Benefits Advisory & Consulting Services on Nov 17, 2017 3:48:49 PM

Beginning in 2018, the Internal Revenue Service (IRS) increased the Health Flexible Savings (FSA) contribution limit. In Revenue Procedure 2017-58, released in October, the salary reduction contribution limit has been raised by $50, resulting in a total of $2,650 for 2018.

Read More

Topics: benefits, IRS, Contributions, Tax Savings, FSA, 2018, Legal Brief

Family and Medical Leave Act: Hurricane Victims' Eligibility

Posted by Ironwood Benefits Advisory & Consulting Services on Oct 13, 2017 10:34:28 AM

Since Hurricanes Harvey and Irma hit the southeastern U.S, many people were either displaced or injured, which has forced many to miss work. One of the top questions many employees have post-hurricane or natural disasters is if they’re eligible for Family and Medical Leave Act (FMLA) leave. FMLA can be a complicated act to understand with varying requirements depending on what kind of injury or illness is happening.

The answer is multi-faceted and dependent on circumstances. There are many criteria to meet the ability to be granted FMLA leave. Employers are required to grant leave to employees only if they employ more than 50 employees for each business day for 20 or more calendar weeks in the year. FMLA is an employee benefit that can be incredibly helpful when disaster or injury strikes.

FMLA grants differing amounts of time depending on the illness or injury incurred. The amount of time granted to employees if their employer meets these criteria is up to 12 weeks for a 12-month period. Employees are eligible if they have:

Read More

Topics: hurricane, benefits, FMLA, missing work