On Sunday, December 27, 2020, the White House signed into law the Consolidated Appropriations Act of 2021, a massive bill to fund the government that includes several provisions related to Cafeteria Plans, specifically flexible spending accounts (FSAs).
To cater to every learner, ConnectYourCare works to create content that serves a range of needs. To start the new year, we reviewed some of the most common learning styles and the benefits education resources we’ve created for each. Use these to brush up on your own knowledge or share with clients and members to give them a better understanding of the benefits available to them.
While the holidays may not bring health care products to mind, this is the time of year when spending down FSA balances is important! The items featured in our 12 Days of Savings are just examples of some of the great FSA-eligible itmes you can buy, and we think they are a bit more practical than gifting loved ones, oh, say, twelve lords a leaping or a partridge in a pear tree. We hope these reminders can help you to make the most of your tax-advantaged accounts while supporting your health and wellness needs. Check the list, download the infographic, and spread the joy of the season!
The COVID-19 pandemic prompted many legislative changes that affected consumer-directed benefits and tax filings, keeping HR administrators and brokers on their toes. Whether employer, broker, or account holder, we’ve recapped nine key benefits legislation updates in 2020 that you should know, plus a checklist to keep handy as we near the end of the year—just in case you lost track or need a refresher.
What do benefits from health savings accounts (HSAs) and flexible spending accounts (FSAs) have to do with celebrating Thanksgiving? We look at an example of some of our favorite holiday traditions to see why you might give thanks for the tax-free benefits these accounts offer when you need them!
On October 26, 2020, the IRS made the official announcement on 2021 contribution limits for health care flexible spending accounts (FSAs), commuter benefits, and adoption assistance. FSA and commuter benefit contribution limits remain unchanged from 2020, while adoption assistance is increasing.
Not everything is set in stone when employees select their health benefits during open enrollment. Employers and advisors, you’ll want to read our latest blog to help communicate the flexibility your employees have when it comes to certain life-changing events.
We take a close look at some recent popular reading choices that are great for benefits brokers, employers, HR professionals, and participants looking to gain a deeper understanding of the health care system today, and what’s coming in the future.
In recent years, health care payment card usage has skyrocketed. These cards are, no doubt, a convenient way to pay for eligible items and services. But how do these cards work? And what does the future hold for this payment option? We’ll cover the benefits of using a payment card, dive deeper into how they work, and discuss payment options of the future.
In this article, we cover the latest developments around Disaster Relief Notice 2020-01, including how it specifically impacts COBRA administration.