Group Dynamic provides exemplary employee benefit administration and compliance services, including - COBRA, Flexible Spending Accounts, Health Reimbursement Arrangements, Health Savings Accounts, Parking & Transit Accounts, Payment & Billing Solutions, Premium Only Plans and Retiree Solutions (HRA, VEBA, Billing)
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Latest News & Alerts
July 11, 2023
A message to our valued Broker Partners, Employers and Participants -
We are pleased to announce that Group Dynamic has been acquired by Flores & Associates, LLC. Learn more: conta.cc/44rqM9g. At this time, all Group Dynamic clients and participants will continue to access account information using the Group Dynamic portal and their existing credentials.
We are pleased to announce that Group Dynamic has been acquired by Flores & Associates, LLC. Learn more: conta.cc/44rqM9g. At this time, all Group Dynamic clients and participants will continue to access account information using the Group Dynamic portal and their existing credentials.
October 18, 2022
2023 Medical FSA and QTA annual limits - The IRS has announced that the 2023 annual salary reduction limit for Medical FSAs is $3,050. The annual maximum for Dependent Care FSAs remains $5,000 or $2,500, depending upon federal tax filing status. The Medical FSA Carryover limit increases from $570 to $610. The monthly maximum available under Transit and Parking Account plans increases from $280 to $300. The annual maximums for QSEHRAs are $5,850 (employee only) and $11,800 (family). As a reminder, the 2023 annual maximum contributions for Health Savings Accounts are $3,850 (employee only) and $7,750 (family). The HSA Catch-up contribution remains steady at $1,000.