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It’s Time for a Mid-Year Financial Check-Up

Money Talk

Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. 401(k) or 403(b) plan). child care, loan) ends.

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Health Expenses a Major Source of Mental Health Issues for U.S. Workers

InterWest Insurance Services

Mental health issues have come to the fore during the COVID-19 pandemic, spurring employers to expect their group health plans to do more for their workers in this area. workers are increasingly having difficulties in paying for health care, particularly due to high copays, deductibles and other health plan cost-sharing elements.

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Identify Your Workers’ Needs, Consider Costs before Open Enrollment

InterWest Insurance Services

Employees have a right to understand the costs they’ll be facing in each plan, including: Their share of the premium, Their deductible, Their copays or coinsurance, and Other out-of-pocket expenses. Typically, the higher the premium on a plan, the lower the employee’s out-of-pocket costs are.

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How HRAs Can Help Your Employees Pay for Medical Expenses

InterWest Insurance Services

As rising health insurance premiums and out-of-pocket costs for health care are burdening workers, more employers are looking for ways to help their staff put aside money for those expenses. Employers fund these accounts, which reimburse your staff for qualified medical expenses and, in some cases, insurance premiums.

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CARES Act - Impact on HSAs, HCFSAs, and HRAs

AssuredPartners

The bill does not specify what "telehealth and other remote care services" entails, but you can expect updates from us as we learn more either through regulations or DOL/Treasury FAQs.n"},{"attributes":{"bold":true},"insert":"Implementation Tips:"},{"insert":"nThe employer/plan sponsor will need to amend their plans to permit this change.

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7 ways to use up your FSA money in 7 days

Benefit Resource Inc.

If you have insurance and an employer-provided benefit that expires at the end of the year, you’ll be feeling the pressure from both sides. One of the most common employer-provided benefits is a Flexible Spending Account (FSA). If you took the advice in our last blog , you know to be careful when things get icy.