Our Mission
We help clients utilize tax-free benefits. Our team of professionals operates within a framework of fair, honest and sound business practices. Our clients notice a difference because we care.
Welcome
FlexMagic Consulting, Inc. specializes in design, implementation, administration and support of Premium-Only-Plans (POP), Flexible Benefit Plans (FBP) and Health Reimbursement Arrangements (HRA). We also integrate Health Savings Accounts (HSAs) and offer debit cards, online enrollment and online claims processing.
FlexMagic was originally founded in 1987 as part of Lidke & Associates Inc. and became a separate entity in 2003. It works with any size employer as part of the benefit team to help ensure the tax-free benefit programs are compliant under today's regulations. FlexMagic specializes in effective employee communications and its client retention has exceeded 90% every year since 1987. We hope you will give us the opportunity to make your company one of our valued clients. By working together we can make Benefit Magic!
HSA Limits for 2013 Announced
The IRS has released the 2013 cost-of-living adjustments for HSAs and HDHPs.
- The 2013 annual HSA contribution limit for individuals with self-only HDHP coverage is $3,250 (a $150 increase from 2012), and the limit for individuals with family HDHP coverage is $6,450 (a $200 increase from 2012).
- The 2013 minimum annual deductible for self-only HDHP coverage is $1,250 (a $50 increase from 2012), and the minimum annual deductible for family HDHP coverage is $2,500 (a $100 increase from 2012).
- The 2013 maximum limit on out-of-pocket expenses for self-only HDHP coverage is $6,250 (a $200 increase from 2012), and the limit for family HDHP coverage is $12,500 (a $400 increase from 2012). Click here for full article and HSA / Medicare Reminders
The IRS 2013 limits bulletin is found here: http://www.irs.gov/pub/irs-drop/rp-12-26.pdf