Posts Tagged ‘HRA’
4 Key Messages for Employees with FSAs and HRAs Before the End of the Year
If an employer plan wraps up at the end of the year (on Dec. 31, 2021), it’s important to make sure your team members with a flexible spending account (FSA) or health reimbursement account (HRA) know they’ll need to spend down their balance. Otherwise, they’ll lose any remaining money they’ve set aside when the new…
Read MoreA Reminder to Your Team Members: Spend Down FSA, HRA Balances by Year’s End
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, members should plan to spend most funds by the end of 2021 and make sure…
Read MoreThe Growing Role of Health Spending and Savings Accounts in the Benefits Portfolio
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 the area of health care coverage. Health saving and spending accounts, such as HSAs and HRAs, provide employers…
Read MoreLeveraging Multiple Health Accounts for Maximum Benefits
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 pay for health care related expenses and save for future needs. While employees may be…
Read MoreUnderstanding the New June 2019 HRA Regulations
You’ve likely been following the conversation around the proposed regulations to broaden HRA rules that began in October 2018. The proposed regulation broadens health reimbursement account (HRA) rules to allow employers to offer an HRA that reimburses an employee’s individual insurance premiums or a standalone HRA that reimburses medical expenses of up to $1,800 a…
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