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the recent covid relief bill included changes to fsa and dcap plans

Consolidated Appropriations Act, 2021: What does it mean for FSA and DCAP?

January 8, 2021

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…

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2020 year in review

Health Care Finance Year in Review: 2020

December 22, 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…

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here are 5 myths about HSAs

5 Myths About Health Savings Accounts

December 3, 2020

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…

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spend down FSA dollars by the end of the year

Don’t Lose It! FSA Funds, That is! Tips for Spending Remaining FSA Funds

November 12, 2020

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…

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DCAP Payroll Contributions: Guidance for Employers Now and in 2021

DCAP Payroll Contributions: Information for Employers Now and in 2021

November 9, 2020

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…

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help for brokers with DCAPs

DCAP’s Use It or Lose It: Information for Brokers Regarding DCAP in 2020

October 30, 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…

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the government has announced FSA limits for next year

2021 FSA Contribution Limits Remain at $2,750

October 29, 2020

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…

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overcome open enrollment engagement challenges during covid-19

Overcoming Open Enrollment Engagement Challenges During COVID

October 9, 2020

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,…

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different employees with different health plans should receive different messaging

Why Employers Need Different Messaging for HDHP and PPO Members

September 21, 2020

Comprehending the complex world of health care is not for the faint of heart. There’s acronyms galore, many different provider options and according to a 2019 published study, the majority of U.S. adults (51%) reported having inadequate health insurance literacy…

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