Flexible Spending Accounts, Health Reimbursement Accounts- Employee Benefit Administrator

Flexible Spending Account, Medcom, Florida benefit administrator, health benefits, flex, flex spending accounts, employee benefits, health benefits, health savings plan, adoption assistance, transit and parking, disease management, utilization management services, cobra, hippa, medical expense reimbursement plan, hippa administration, cobra administration, supplemental insurance, human resources, smart flex, section 125, 125 plans, Consumer-Driven Health Plans, CDHP, claims processing, claims administration, benefits administration, benefits processing, cafeteria plan, 105 plans, Health Reimbursement Arrangements, HRA, Health Savings Accounts, HSA, Flexible Savings Accounts, FSA, debit card, flex card, high deductible plans, dependent care, benefits outsourcing, erisa

Adoption Assistance

Amounts paid by the employer up to a per-child maximum of $5,000 ($6,000 for U.S. special needs children), for qualified adoption expenses are excluded from federal gross income. The exclusion is gradually reduced for taxpayers with federal adjusted gross income over $75,000 and is eliminated once their adjusted gross income reaches $110,000. This exclusion will not be available for expenses paid after December 31, 2001. Massachusetts adopts the federal exclusion and the federal restrictions.