Displaying items by tag: healthcare
IRS Increases 2023 Limits for Health FSA & Qualified Parking and Mass Transit
The 2023 contribution limit for Healthcare Flexible Spending Accounts (FSAs) is increasing to $3,050, an increase of $200 from 2022. The maximum carryover amount that employers may implement also increases to $610 (20% of the contribution limit).
Year End Burnout
Many of us struggle with stress, anxiety, imposter syndrome and year end burnout. It’s time to take care of your emotional, psychological and social wellbeing. Everyone manages stress in different ways. Below are a few things you can do daily to help keep on track and defeat burnout.
J-codes—Understanding How Some Specialty Medications Are Billed
Have you heard of J codes? They are the coding used by doctor’s offices, hospitals and other providers to bill for specialty medications that are usually not taken by mouth, like injectables. They are called “J codes” because of the way they are billed.
The medications dispensed can be expensive as they are often specialty medications, chemotherapy and immunosuppressants. They are billed through the medical plan and not the pharmacy plan, so they can be difficult to identify and address.