Business Management Daily
NOVEMBER 15, 2021
Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. Wherever you fall, we have answers for you.
InterWest Insurance Services
DECEMBER 9, 2021
As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Some of the changes concern temporary rules that were implemented during the COVID-19 pandemic. That’s a change from the prior threshold of 250.
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Benefit Resource Inc.
JUNE 1, 2023
Of those, more than seven in ten employers (71 percent) also offer a health savings account with employer funding. An additional tool can be pairing an HSA-HDHP with a Limited Flexible Spending Account (or Limited FSA). Employees can use two tax-advantaged accounts to cover many primary eligible expenses.
Higginbotham
JULY 12, 2022
In the simplest terms, a medical expense reimbursement plan refunds employees for covered medical costs. If an employee or a member of the employee’s family experiences a medical emergency, the costs can add up quickly. Make sure employees know about the plan and remind them to use their benefits. Manage enrollment.
Stratus.HR
OCTOBER 18, 2022
Forecast what they will pay throughout the year with employees coming and going . With finalized SPDs, it is time to prepare benefit guides for employees. Creating a full wrap document to comply with ERISA (Employee Retirement Income Security Act): 1 hour if digital . Administering a Flexible Spending Account (i.e.,
Business Management Daily
NOVEMBER 30, 2021
Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. The card is issued by the benefits provider that the employer has chosen to work with for the FSA.
Business Management Daily
SEPTEMBER 27, 2019
New preventive treatments and services are covered for employees who’ve been diagnosed with congestive heart failure, diabetes, coronary artery disease, osteoporosis and/or osteopenia, hypertension, asthma, liver disease and/or bleeding disorders and depression. And those dollar amounts may discourage employees from signing on.
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