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…

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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…

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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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When considering benefits education, it’s natural to think about open enrollment and the start of a plan year. However, with team members joining organizations throughout the year, human resources teams are always working hard to optimize and adjust new employee benefits orientation. It’s important for us at Further to help you help your team members…

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Many types of Further accounts, including health savings accounts (HSAs) and flexible spending accounts (FSAs), offer a debit card that gives members a convenient way to pay for eligible expenses right in their wallet. However, many members don’t fully understand what their card is for or how they can use it. Here are some helpful…

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Download Further’s COVID-19 white paper and infographic. Passed in March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was the first piece of federal legislation addressing the impact of the COVID-19 pandemic. This act included important provisions for health spending accounts, including expanding the list of eligible expenses that qualify for reimbursement to include…

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Life Changes and Benefits Changes, Divorce and your HSA

Big life changes can throw employees for a loop, and divorce can be one of the most difficult life changes to navigate. The process of untangling assets and finances can often be long and complicated. Employee benefits – like health savings accounts (HSAs) – are assets that need untangling in a divorce settlement. This post…

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Young Adult HSA Coverage

When your children turn 18, there are a significant number of life changes that take place. They’re graduating high school, going off to college, starting their first jobs, and perhaps living independently for the first time. As they head off into the first forays of adulthood, make sure they’re prepared for what’s ahead. One piece…

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HSA-HDHP-2022-Limits-IRS

The IRS has announced increased contribution limits for Health Savings Accounts (HSAs) in 2022. The new limits are: $3,650 for individuals (up $50 from 2021) $7,300 for family plans (up $100 from 2021) No changes were made to high deductible health plans’ (HDHP) minimum annual deductibles; they will remain the same as 2021: $1,400 for individuals and…

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