![]() ![]() The HSA Payroll Change Form is available on TriNet (). ![]() *Worksite employees may enroll in an HSA or change or stop their HSA deductions at any time during the year. HSA contributions count toward IRS 2021 calendar year contribution limits HSA contributions count toward IRS 2020 calendar year contribution limits New HSA elections start on the first pay date following October 1, 2020* A one-time, lump-sum payment during the TriNet benefits plan year.If you want to contribute to worksite employees’ HSAs, you can choose: The maximum HSA family contribution limit for the 2021 calendar year has increased $100 to $7,200. The maximum HSA single contribution limit for the 2021 calendar year has increased $50 to $3,600. *Grace period is only applicable if the worksite employee is an active participant on the last day of the plan year. This is the last day claims can be submitted for eligible expenses incurred for the 2021 plan year for both the health care and dependent day care FSA accounts. This material is for informational purposes only and is. and registered investment adviser, Empower Advisory Group, LLC. EFSI is an affiliate of Empower Retirement, LLC Empower Funds, Inc. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. ![]() This is the last day to incur (or make) eligible health care FSA expenses that can be paid from worksite employees’ 2021 plan year accounts. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA / SIPC. TriNet (NYSE: TNET) is a professional employer organization that provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. This is the last day to incur (or make) eligible dependent day care FSA expenses that can be paid from worksite employees’ 2021 plan year accounts. This is the last day claims can be submitted for eligible expenses incurred for the 2020 plan year for both the health care and dependent day care FSA accounts.Ģ021 Flexible Spending Account (FSA) Dates This is the last day to incur (or make) eligible health care FSA expenses that can be paid from worksite employees’ 2020 plan year accounts. This is the last day to incur (or make) eligible dependent day care FSA expenses that can be paid from worksite employees’ 2020 plan year accounts. See IRS Publication 503 for a list of eligible expenses.Ģ020 Flexible Spending Account (FSA) Dates per year savings per employee National Association of Professional Employer Organizations (NAPEO) 2019. On average PEOs bring: 0 annual return on investment Individual results may vary. Used to pay for eligible expenses related to the care of a child or eligible dependent, up to $5,000 per benefits plan year. A TriNet HR solution makes your human resource capabilities endlessly scalable. ![]() Eligible expenses include dental and vision expenses shown in IRS Publication 969, but exclude HSA-eligible medical expenses.ĭependent Day Care Flexible Spending Account (FSA) See IRS Publication 502 for a list of eligible expenses.įor worksite employees enrolled in a High-Deductible Health Plan (HDHP) with a health savings account (HSA). Used to pay for eligible health care-related expenses, up to $2,750 per benefits plan year. Health Care Flexible Spending Account (FSA) The maximum dependent day care FSA annual contribution limit for the 2021 benefits plan year remains unchanged at $5,000. The maximum health care FSA annual contribution limit for the 2021 benefits plan year has increased by $50 to $2,750. Email if any assistance is required.TriNet offers flexible spending accounts (FSAs) and a health savings account (HSA) that can help worksite employees save money on everyday expenses. It is the employee’s responsibility to share their document with you directly via Certree. Please request documents from employees directly via Certree from your Certree verifier account. To minimize risk and effort, please do not answer verification requests directly.įor employees requesting employment/income verification, please ask the employee to set up a Certree individual account and follow the instructions to automatically obtain verification documents.įor verifiers requesting employment/income verification, please ask the verifier to request verification documents directly from the employee via Certree.Īs a TriNet client, you do not need to set up a Certree issuer account. To protect employee data privacy and reduce identity theft, TriNet partners with Certree to provide automated employment/income verification services to TriNet clients and worksite employees. ![]()
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