On March 26 the Internal Revenue Service (IRS) released IRS Announcement 2021-7, which states that personal protective equipment such as masks, hand sanitizer, and sanitizing wipes that are purchased “for the primary purpose of preventing the spread of COVID-19” (COVID-19 PPE) are qualified medical expenses under Section 213(d) of the Code.
A healthy partnership is not just between two organizations with similar goals who mutually benefit—but a relationship between employer and employee. When it comes to maintaining this relationship, one of the keys to a harmonious partnership revolves around the benefits the employer provides the employee. This article explores how HRAs can make for a healthier, happier union between employer and employee.
To cater to every learner, Optum Financial 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.
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.
A health reimbursement arrangement (HRA) is a way for employers to reimburse their employees for health expenses. Businesses use HRAs instead of group health insurance or in addition to it, depending on their situation. But with all the acronyms, benefits options, and health care choices available today, what does it all really mean? In this article, learn how HRAs began, how they work, which people they benefit, and what types of HRAs are available. Plus, you can check out the HRA guide we created to help you figure our which HRA is right for you!
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 this article, we cover the latest developments around Disaster Relief Notice 2020-01, including how it specifically impacts COBRA administration.
In light of the legislative changes taking place in response to COVID-19, ConnectYourCare recently hosted a webinar to give a detailed overview of what employers need to know about benefits administration in this critical time. We summarize everything you need to know in this post.
FAQs in the Moment: How COVID-19 and the CARES Act Impact Health Accounts, Lifestyle Spending Accounts, Child Care, and More
In this post, we answer your top COVID-related questions around lifestyle spending accounts, FSAs, HSAs, commuter benefits, child care, and the recently passed CARES Act.
President Donald Trump on Friday, March 27, signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which includes important provisions for users of HSAs, FSAs, and HRAs.