Posts by Further Team
Employers: 2021 Year End Plan Reminders
It’s important to stay current on COVID-related legislation and guidance. As 2021 winds down and we look ahead to 2022, let’s review the key regulatory elements that may affect your health plans. First, we’ll revisit the various COVID-related legislation, guidance, and relief connected to health and welfare plan provisions. Then, we’ll go into general refreshers…
Read MoreCold and Flu Season is Here
Common colds are the main reason children miss school and adults miss work, according to the Center for Disease Control and Prevention (CDC). Respiratory viruses love to circulate in the winter, including rhinovirus, one cause of the “common cold”, and respiratory syncytial virus (RSV), which is the most common cause of severe respiratory illness in…
Read More4 Key Messages for Employees with FSAs and HRAs Before the End of the Year
If an employer plan wraps up at the end of the year (on Dec. 31, 2021), it’s important to make sure your team members with a flexible spending account (FSA) or health reimbursement account (HRA) know they’ll need to spend down their balance. Otherwise, they’ll lose any remaining money they’ve set aside when the new…
Read More2022 FSA, TRA, and Adoption contribution limits announced
The Internal Revenue Service (IRS) announced the official 2022 Flexible Spending Account (FSA), Transportation Reimbursement Arrangement (TRA), and adoption credit limits, and it’s good news for those wanting to save money on their eligible expenses. 2022 contribution limits 2022 Healthcare FSA/Limited Purpose FSA – $2,850 2022 FSA carryover – $570 2022 DCAP (also known as…
Read MoreA Reminder to Your Team Members: Spend Down FSA, HRA Balances by Year’s End
As the end of the year nears, it’s important for your team members to think about what to do with any remaining funds in their flexible spending account (FSA) and/or Health Reimbursement Arrangement (HRA) account. For accounts with standard plan years, members should plan to spend most funds by the end of 2021 and make sure…
Read MoreLife Changes and HSAs: Employees Expanding Their Family Through Birth or Adoption
The life change of a new baby — whether from birth or adoption — is an exciting one.1 But a new baby can come with a high price tag. The cost of a delivery with insurance can range from $5,000 to nearly $14,5001, according to Fair Health data. Adoption expenses can vary, but can cost…
Read MoreAll About Further’s Dependent Care Assistance Program (DCAP)
As fall approaches, parents are making decisions about what care their children will need during the new school year. Child care can be a significant expense for many families. In fact, according to a recent Care.com survey, 59% of families estimated they’ll spend more than $10,000 on child care in 2021. With open enrollment just…
Read More3 Challenges to Address to Get Ready for 2022 Open Enrollment
If you’re like many benefits professionals, you have a lot to juggle these days. You may be retooling your communication plan to include a return to in-office work policy or adjusting it for a partially remote workforce. And there’s always the push/pull of changing priorities while proactively trying innovative ways to retain talent amid rising…
Read MoreUntangling Family Caregiving: Help Your Employees to Better Manage Their Loved Ones’ Care
When your employees think about health care and associated costs, often they’re considering more than just themselves. Over 1 in 5 Americans, or 53 million people, currently serve as unpaid family caregivers for a loved one — such as an elderly parent or adult child with disabilities — according to the National Alliance of Caregiving…
Read MoreLife Changes and HSAs: Employees Experiencing a Job Change
Maintaining health insurance coverage when experiencing a job change can be one of the most stressful components for employees. If you have an employee experiencing a job change, here is some useful information the employee should know about their health savings account (HSA) as they move forward. A Job Change’s Effect on an HSA The…
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