article thumbnail

Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

A flexible spending account (FSA), which can be used to cover childcare and medical costs tax-free. A health savings account (HSA), which can also be used to cover medical expenses tax-free. But increasingly, doctors offer additional genetic screening and diagnostic tests that may not be covered under insurance.

article thumbnail

AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans. Health care flexible spending accounts are not subject to the ARPA provisions. All group health plans that provide major medical benefits subject to federal COBRA rules are subject to the ARPA COBRA rules. Tax Credit.

article thumbnail

2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

Originally offered in March of 2020 for COVID-19, this second round of funds will be available to employers with less than 300 employees who continued to have a loss of receipts for one quarter of 2020 compared to the same quarter in 2019. . We are independent and sell a variety of insurance plans with many insurance carriers.