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It’s important to stay current on COVID-related legislation and guidance. As 2021 winds down and we look ahead to 2022, let’s review the key regulatory elements that may affect your health plans. First, we’ll revisit the various COVID-related legislation, guidance,…
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4 HSA Strategies for Maximizing Their Use
We get it. For your employees, being an active health care consumer and managing health savings accounts (HSAs) can be confusing, especially if utilization is infrequent. In fact, data from a Further study fielded in 2020 shows 40% of employees…
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Help Your Employees Take Full Advantage of Their HSA in the New Year
It’s a new plan year for you and your employees! For some of your employees, this year may be their first time managing a health spending account (HSA). And because our data shows that 65% of consumers report using their…
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Consolidated Appropriations Act, 2021: What does it mean for FSA and DCAP?
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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Health Care Finance Year in Review: 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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5 Myths About Health Savings Accounts
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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Don’t Lose It! FSA Funds, That is! Tips for Spending Remaining FSA Funds
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: Information for Employers Now and in 2021
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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DCAP’s Use It or Lose It: Information for Brokers Regarding DCAP in 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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2021 FSA Contribution Limits Remain at $2,750
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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Overcoming Open Enrollment Engagement Challenges During COVID
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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