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.
In this article, we cover what employers and HR reps should consider when determining if a traditional or high deductible health plan (or a combination or both) would be best for their organization.
In this article, we explore the 5 Ws—Who, What, When, Where, and Why—of lifestyle benefits to explain how you can use this tool to improve your benefits package and show your investment in your employees as valued individuals in the workplace!
If the 2020 benefit year taught us anything, it’s that we can’t have too many virtual tools in our benefit toolbelts. If you had a chance to check out our previous Broker Tech Check blog, we covered compliance technology, virtual enrollment, and online management solutions. In this article, we’ll dive a little deeper to help you continue to refine your technology recommendations in this year and beyond.
Due to the pandemic, what seemed to be hard and fast rules turned out to be much more flexible. What hasn’t changed is that everyone still needs secure health care access, and COBRA continuation coverage plays into this fact. These are the top three reasons to pay extra attention to COBRA this year.
A dependent care assistance program (DCAP) could be a simple solution for employers looking to support employees and offer a more attractive benefits package. A DCAP, more widely known as dependent care flexible spending accounts (dependent care FSA), is a voluntary benefit plan designed to help offset the cost of child or elder care. Learn how adding a dependent care FSA to your benefits plan could give you an edge when it comes to attracting and retaining employees at your organization!