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.
We're delighted to introduce the ConnectYourCare podcast, Exclamation! of Benefits. On our podcast, host Carla Wardin talks to people making things happen in the health care benefits industry. The guests are experts in their fields, and they make complicated topics like easy to understand by walking you through common questions and giving their educated, fresh insight into industry trends and issues coming up next. Check out our first episodes!
ConnectYourCare ranked #44 on Baltimore Business Journal’s Fast 50 list of the fastest-growing private companies in Greater Baltimore in 2020 and was recognized as #43 among the Journal’s Top 100 Private Companies.
ConnectYourCare had four award-winning entries selected in the 22nd annual Digital Health Awards® program. This competition—held twice a year by The Health Information Resource Center℠—recognizes the world’s best digital health resources.
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.
We’ve summarized the top seven announcements from 2019 on benefits changes and legislation, so employers and brokers can brush up before the new year.
Assembly Bill 1554: New California Law Requires Employers to Notify FSA Participants of Withdrawal Deadlines
California recently passed Assembly Bill No. 1554, requiring employers to notify employees who participate in health care, dependent care, and adoption assistance FSAs of any deadline to withdraw funds before the end of the plan year. Here's what we currently know about this legislation.
On July 18, 2019, Reps. Ami Bera (D-CA) and Jason Smith (R-MO) introduced H.R. 3796, the Health Savings for Seniors Act—a bipartisan bill that would allow individuals enrolled in Medicare to maintain eligibility for health savings account (HSA) contributions. Get the details here.
On Wednesday, July 17, the IRS released a notice that names additional medicines and services that can be treated as preventive care under HSA-compatible high deductible health plans (HDHPs) for those with chronic conditions.
President Trump last week issued an Executive Order, titled “Improving Price and Quality Transparency in American Healthcare to Put Patients First” to take actions to improve HSAs, FSAs, and HRAs.