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CARES Act makes over the counter medicine eligible for HSA and FSA expenses

What Does the CARES Act Mean For Health Spending Accounts?

March 31, 2020

On March 27, 2020, President Donald Trump signed the $2 trillion emergency spending bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This new law amounts to the largest stimulus package in U.S. history, and is aimed at providing…

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employers talk about spending account benefits

The Growing Role of Health Spending and Savings Accounts in the Benefits Portfolio

March 27, 2020

With the continuous trend of rising health care costs, companies are constantly seeking opportunities to contain costs, while providing employees with comprehensive benefits offerings. Employers recognize the need to cater to cross-generational employees when it comes to benefits packages–particularly in…

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how to leverage multiple health spending accounts for maximum benefits

Leveraging Multiple Health Accounts for Maximum Benefits

March 5, 2020

When it comes to health saving and spending accounts, employers have many options to offer to employees. From health savings accounts (HSA), flexible spending accounts (FSA), health reimbursement arrangement (HRA), and more, employers offer these health accounts to help employees…

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new california fsa law requires employee fsa deadline notification

California Law Requires Employers to Notify Employees of FSA Withdrawal Deadlines

February 13, 2020

Effective as of January 1, 2020, California enacted a law that requires employers offering flexible spending accounts (FSAs) to notify participants of any deadline to withdraw funds before the end of the plan year [should their participation in the FSA…

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5 tips for your HSA in retirement

Five Things Employees Need to Know About Their HSAs Before They Retire

January 30, 2020

Many employees look forward to retirement. From starting a new hobby to traveling, employees may begin making plans for their retirement years long before the day actually comes. But when it comes to their benefits and financial plans, employees may…

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6 tips to take advantage of your dcap

Six Ways to Leverage the Dependent Care Assistance Program (DCAP)

January 13, 2020

For parents and legal guardians, paying for dependent care adds up quickly. A Dependent Care Assistance Program (DCAP), also known as a Dependent Care FSA, is an employee-sponsored reimbursement program that lets employees use pre-tax dollars to pay for a…

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start the new year with success

Start the New Year with Success

January 2, 2020

With the start of the new year, many organizations are kicking off a new benefit plan year – and there is a lot for employees to realize, especially when it comes to a health savings account (HSA). Whether they enrolled…

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what does the cadillac tax repeal mean for employers

What the Cadillac Tax Repeal Means for Employers

December 20, 2019

In December, 2019, President Trump signed spending legislation that will repeal of an excise tax on high-cost health plans, known as the Cadillac Tax. The Cadillac Tax, which was scheduled to take effect in 2022, would have imposed a 40…

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see what's coming around the bend for health plans in 2020

Changes to 2020 Health Care That Employees Might Not Know About

December 19, 2019

With the new benefits year around the corner, employees are likely making plans around their health care including Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions, contemplating providers that they may need to visit and planning for the…

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explaining benefits to employees is important

How Brokers Can Help Young Adults Maximize Their Healthcare Benefits

December 5, 2019

As young adults head to college or enter the workforce with their first job, they’re gaining independence, finding their way in life and realizing that, with adulthood, comes a whole new world that they may not have worried about before.…

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Can consumers shop for health care

Can Consumers Truly Shop for Health Care?

December 3, 2019

The consumer-driven health care concept isn’t new. It’s been around for over a decade when a handful of businesses started offering their employees health plans with low premiums, high-deductibles and tax-exempt savings accounts. There has been steady adoption of this…

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