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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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HSAs can be powerful recruitment and retention tools

HSAs: A Powerful Recruitment and Retention Tool

September 11, 2020

Health benefits packages have always been an important component of a job offer. However, the benefits package offered at a new job has taken on new significance in recent years as health care costs have continued to climb, with no…

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are employees getting the right message from brokers about HSAs?

Are Brokers Telling the Right Message Going into Open Enrollment?

August 24, 2020

In fewer than eight short years, health care spending in the U.S. is expected to reach a staggering $6.19 trillion — an increase of more than 19% over today’s spend. What’s more, the need for medical goods and health care…

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how to help employees optimize health benefits during covid-19

How COVID-19 has Changed Employees’ Benefits Awareness

August 13, 2020

COVID-19 has changed much of the world that we live in, including how people think about and value their own health and wellness. As COVID-19 began to spike in the U.S., consumers shifted habits related to their overall health and…

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Survey Finds HSA Perception Gap Among Employees and Employers

Survey Finds HSA Perception Gap Among Employees and Employers

August 5, 2020

As employees across the United States are faced with rising health care costs and living with continued health fears in the wake of COVID-19, many are looking to their employers for tools and resources to pay for care today, including…

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2021 HSA contribution limits announced

IRS Announces 2021 HSA and HDHP Limit Increases

May 22, 2020

For 2021, the IRS just announced the increased new contribution limits for Health Savings Accounts (HSA) to $3,600 for individuals and $7,200 for family plans. In turn, adjustments to High Deductible Health Plans (HDHP) were also made. The minimum HDHP…

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The CARES Act made several routine expenses eligible for HSA and FSA reimbursement

CARES Act Permanently Extends Eligible Expense Items

April 24, 2020

With the passage of the CARES Act in March 2020, additional over the counter (OTC) products and feminine hygiene products are now eligible to be purchased using a medical spending account, such as an health savings account (HSA). Prior to…

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2019 HSA Contribution Deadline Extended to July 15

Deadline Extended for 2019 Health Savings Account Contributions

April 13, 2020

The IRS recently announced that the 2019 federal tax filing deadline has been extended to July 15, 2020, giving Americans more time to gather their 2019 information amidst the COVID-19 pandemic. With that extension, those who have a high deductible…

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