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A Reminder to Your Team Members: Spend Down FSA, HRA Balances by Year’s End

October 13, 2021

As the end of the year nears, it’s important for your team members to think about what to do with any remaining funds in their flexible spending account (FSA) and/or Health Reimbursement Arrangement (HRA) account. For accounts with standard plan years,…

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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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Take advantage of the HSA triple tax benefit

What is the HSA Triple Tax Benefit?

November 21, 2019

Triple tax benefit. Employees have likely heard it before. However, when it comes to health savings accounts (HSAs), do employees really understand what these three words mean to them? The unique benefits of an HSAs triple tax advantage can seem…

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when your child turns 18 what do you do with HSAs?

Using an HSA with Kids Over 18 Years Old

November 11, 2019

When a child turns 18, there are a lot of changes that begin to take place. He or she may be heading off to college soon or starting their first job. When it comes to health insurance, it is easy…

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the government has announced FSA limits for next year

FSA Contribution Limits Increase for 2020

November 7, 2019

For 2020, the IRS increased the new 2020 Flexible Spending Account (FSA) limit to $2,750. For groups that have already set their contribution limits to the 2019 amount of $2,700, Further will automatically update the amount to the 2020 limit…

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Avoid mistakes with your benefits

Year-End Benefits Snafus and How to Avoid Them

October 30, 2019

As the end of the year nears, employees may have Flexible Spending Account (FSA) dollars that need to be spent. They may need to schedule last-minute appointments to fit in before the new year or begin planning their new year…

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