Getting Your Associates on the Track for HSA Success

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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Key Ways to Maximize a Further Debit Card

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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Recent COVID-19 Announcements and What They Mean for Further Account Holders

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 HSAs: Experiencing a Divorce

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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Managing Health Care and HSA Coverage for Your Young Adult Child

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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IRS Announces 2022 HSA and HDHP Limit Increases

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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Support Family Benefits with the Adoption Assistance Program

Adoption Assistance Blog Featured

Every year, thousands of U.S. families adopt a child and need to pay for adoption expenses, which can be costly. But there is a way that companies can help employees embarking on this life journey – through an Adoption Assistance Program. An Adoption Assistance Program (AAP) account is an employer-sponsored spending account that allows both…

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Managing Investment Accounts During Market Fluctuations

Recent headlines have been filled with news of rapid and wild fluctuations in the value of investments such as mutual funds and money market accounts, causing many people to reassess their investment portfolios to make sure they are meeting their financial goals while managing their risk tolerance. Employees who have invested Further health savings accounts…

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Three “201” Strategies for Maximizing HSAs

Advanced HSA strategies to maximize your account

When it comes to health care consumerism, we have good news. Through both offline and online resources, our data shows that consumers are becoming more educated on using their health care spending dollars wisely. Consider these facts: Consumer Directed Health Plan (CDHP) participants are 39% more likely to check the price of a service before…

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Life Changes and HSAs: The Death of an Account Holder

what happens when an HSA owner dies?

As you present team members with their health care options, many employees may wonder what happens to these benefits after they die. It’s a tough thing to consider, but employees want to make sure that their loved ones will be taken care of. During their career, an employee may save a significant amount of money…

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