If you’re like many benefits professionals, you have a lot to juggle these days. You may be retooling your communication plan to include a return to in-office work policy or adjusting it for a partially remote workforce. And there’s always the push/pull of changing priorities while proactively trying innovative ways to retain talent amid rising…

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Maintaining health insurance coverage when experiencing a job change can be one of the most stressful components for employees. If you have an employee experiencing a job change, here is some useful information the employee should know about their health savings account (HSA) as they move forward. A Job Change’s Effect on an HSA The…

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When considering benefits education, it’s natural to think about open enrollment and the start of a plan year. However, with team members joining organizations throughout the year, human resources teams are always working hard to optimize and adjust new employee benefits orientation. It’s important for us at Further to help you help your team members…

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Many types of Further accounts, including health savings accounts (HSAs) and flexible spending accounts (FSAs), offer a debit card that gives members a convenient way to pay for eligible expenses right in their wallet. However, many members don’t fully understand what their card is for or how they can use it. Here are some helpful…

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Life Changes and Benefits Changes, Divorce and your HSA

Big life changes can throw employees for a loop, and divorce can be one of the most difficult life changes to navigate. The process of untangling assets and finances can often be long and complicated. Employee benefits – like health savings accounts (HSAs) – are assets that need untangling in a divorce settlement. This post…

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Young Adult HSA Coverage

When your children turn 18, there are a significant number of life changes that take place. They’re graduating high school, going off to college, starting their first jobs, and perhaps living independently for the first time. As they head off into the first forays of adulthood, make sure they’re prepared for what’s ahead. One piece…

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HSA-HDHP-2022-Limits-IRS

The IRS has announced increased contribution limits for Health Savings Accounts (HSAs) in 2022. The new limits are: $3,650 for individuals (up $50 from 2021) $7,300 for family plans (up $100 from 2021) No changes were made to high deductible health plans’ (HDHP) minimum annual deductibles; they will remain the same as 2021: $1,400 for individuals and…

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Recent headlines have been filled with news of rapid and wild fluctuations in the value of investments such as mutual funds and money market accounts, causing many people to reassess their investment portfolios to make sure they are meeting their financial goals while managing their risk tolerance. Employees who have invested Further health savings accounts…

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Advanced HSA strategies to maximize your account

When it comes to health care consumerism, we have good news. Through both offline and online resources, our data shows that consumers are becoming more educated on using their health care spending dollars wisely. Consider these facts: Consumer Directed Health Plan (CDHP) participants are 39% more likely to check the price of a service before…

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