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July 10, 2023

In the News

Contribution Limit to HSAs Increasing in 2024

The contribution limits to health savings accounts (HSA) will increase in 2024, according to a recent announcement from the IRS. This change will allow FEHB enrollees with health savings accounts to set aside more money on a pre-tax basis for qualified medical expenses.

OPM Proposes Expanding Locality Pay to Thousands of Employees

The Office of Personnel Management published a proposed regulation that would increase locality pay for thousands of federal employees beginning in January.