For employees who live relatively close to their workplace, riding a bike to work can be a fun, eco-friendly commuting option. In this blog, learn about the perks of a bike commuting program, and how to implement this type of lifestyle benefit at your organization.
The IRS has announced the new health savings account limits for 2022. Next year, individuals can set aside $3,650 in tax-free funds to save for the future or pay for qualified medical expenses (up $50 from last year). Learn more about the updates in this post.
Parenting and motherhood are some of the greatest joys in life, but it does require some financial planning! Thankfully, HSAs and FSAs exist to help parents offset the cost of medical expenses for their kids and themselves, and there is a long list of items and services that are eligible for every stage of childrearing. Check out all the eligible items in this post.
What better way to ease employees back into their commutes than with commuter benefits to offset transit and parking costs? Whether you offer a program already or need a refresher, we’ll run through the basics of commuter benefits to prepare you (and your employees) for the return to work.
While HSAs make it easy to manage your saving and spending, there are some old misconceptions hanging around. In this article, we take a look at fact vs. fiction to dispel myths surrounding HSAs and who could benefit from this type of health care benefit account!
In this article we’ll cover some of the basics of what an HSA beneficiary is and why it’s a good idea to designate one as part of a secure and well-rounded financial future.
With a health care payment card, users can easily access funds from health savings accounts (HSAs), flexible spending accounts (FSAs), or health reimbursement arrangements (HRAs) without having to pay out-of-pocket and seek reimbursement later. It’s similar to a debit card, as it’s a fast and convenient way to pay for medical expenses. Learn how both employees and employers can reap the benefits when these cards are offered.
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.
On March 11, the American Rescue Plan Act (ARPA) of 2021 was signed into law. As a result, temporary provisions have been announced that apply to COBRA, as well as Dependent Care Assistance Programs (DCAPs)—also known as Dependent Care Flexible Spending Accounts (FSAs). Read on for a brief summary of these provisions.