Posts by Further Team
Help Your Employees Take Full Advantage of Their HSA in the New Year
It’s a new plan year for you and your employees! For some of your employees, this year may be their first time managing a health spending account (HSA). And because our data shows that 65% of consumers report using their HSA as a spending resource (with 23% stating they use their account equally for saving…
Read MoreConsolidated Appropriations Act, 2021: What does it mean for FSA and DCAP?
The Consolidated Appropriations Act, 2021, was signed into law on December 27, 2020. This COVID relief bill includes several items that impact medical flexible spending accounts (FSAs) and dependent care assistant plan (DCAP) accounts. Most of these changes are temporary – only lasting through 2022 – but the enhancements may affect how you choose to…
Read MoreHealth Care Finance Year in Review: 2020
When 2020 began, it’s safe to say no one could have predicted all that was to come. As individuals and organizations, we all came together to quickly pivot to keep ourselves, our families, and our communities safe. As we look back over the year, organizations and legislation has also changed to address the COVID-19 pandemic,…
Read More5 Myths About Health Savings Accounts
While many employees have stated that their overall health has become more important in the wake of COVID-19, the reality is that, for most Americans, preventive care has all but stopped since the pandemic began. From annual well-care visits to vaccinations, dental appointments, and mental health sessions, proactive care services are critical for maintaining good…
Read MoreDon’t Lose It! FSA Funds, That is! Tips for Spending Remaining FSA Funds
As we approach the end of the year, it may be the case that many employees are unaware that they may have unused flexible spending account (FSA) dollars left in their accounts. Beneficially, an FSA allows employees to set aside pre-tax dollars to be spent on eligible health care out-of-pocket expenses that a health care…
Read MoreDCAP Payroll Contributions: Information for Employers Now and in 2021
The end of the year, and specifically during open enrollment, is a time during which many people budget for anticipated expenses for the coming year. However, 2021 will not bring about a return to pre-COVID-19 “normal,” at least for the first several months. For those employees with dependent care assistant program (DCAP) accounts, also known…
Read MoreDCAP’s Use It or Lose It: Information for Brokers Regarding DCAP in 2020
The 2020 pandemic has disrupted everyone’s life. And working parents of young children have been among the most challenged. School, daycare and workplace closures have required such employees to supervise their children’s education while working from home. With most of us believing our worlds would return to pre-pandemic normal by late summer, no one gave…
Read More2021 FSA Contribution Limits Remain at $2,750
The IRS announced that the 2021 Flexible Spending Account (FSA) contribution limit will remain at $2,750. A medical FSA is a personal expense account that works with an employer’s health plan, allowing employees to set aside a portion of their salary, pretax, to pay for qualified medical expenses. An FSA offers employees a smart way…
Read MoreOvercoming Open Enrollment Engagement Challenges During COVID
As COVID-19 began to spike in the U.S., consumers shifted habits related to their overall health. With growing concerns over the pandemic, a Further study found that 69% of consumers reported that their health is more important to them today, compared to pre-coronavirus times, and 63% report they are paying more attention to their healthcare…
Read More3 Approaches to Connect with Clients on Health Spending Accounts
We know you have a lot on your plate as a broker You wear multiple hats and are pulled in multiple directions, often spanning the entire spectrum of employee benefits – everything from bringing forth options to troubleshooting specific employee issues. However, one constant need is the importance of having ongoing conversations with your clients.…
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