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Last Updated: 12/09/2024
in FSA/HRA/HSA Dependent Care FSA In general, you are not able to change your contribution amounts once the plan year has commenced. All elections must be made during the open enrollment period for your plan. You may only change your election during the plan year if you can demonstr...
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Last Updated: 12/04/2024
in FSA/HRA/HSA FAQ's **Harvard University Medical FSA 2025 Limit is $3,200 Starting in 2025: For the year in which a participant turns 60, 61, 62, 63 they can boost their salary deferrals (traditional or Roth) to their 401(k) or 403(b) plan with an increased catch-...
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Last Updated: 12/04/2024
in FSA/HRA/HSA FAQ's
No, they do not. Orthodontic expenses are reimbursed when actual payments have been made, even if the services have not yet been rendered. Orthodontic expenses typically are payable to the orthodontist at the onset of treatment or through an insta...
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IRS Plan Maximums - 2025 401(k) - Pre-Tax & Roth - $23,500. Plan participants are eligible to contribute up to the IRS maximum. This total includes both Roth and Pre-Tax amounts. Once you reach a total of $23,500 in contributions you may no...
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Transit reimbursement allows you use pre-tax salary dollars towards work-related commuting costs like transit passes and van-pools. In 2025, this allows you to save: • Up to $325 (max) per month for van pooling and transit passes. Transit ...
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If a rollover distribution is requested in a year when a Required Minimum Distribution (RMD) must be taken, no portion of the account is eligible for rollover until the RMD has been made to the participant for that calendar year. The distribution ...
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Common reasons for a purchase being declined include: There isn’t enough money in your account to completely cover the expense. Please note that if the amount swiped exceeds your available account balance, the transaction will be declined. For e...
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To access your reimbursement account, go to sentinelgroup.com . Ensure you have "For Individuals" selected in the upper left corner. Click the green "Login" button on the upper right corner. From the login box dropdown menu, select “FSA, HSA, H...
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Last Updated: 11/22/2024
in FSA/HRA/HSA Eligible Expenses
Eligible medical expenses are those incurred primarily to alleviate or prevent a physical or mental defect or illness. They do not include expenses that are merely beneficial to general health, such as vitamins or a vacation. Qualified medical exp...
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Transferring a 403(b) contract with an outside vendor to your account with Sentinel Group is as easy as 1, 2, 3. A 403(b) contract transfer is different from a rollover between retirement accounts. A rollover is a movement of one retirement acc...