Benefit Resource Inc.
JUNE 1, 2023
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. In the end, employees walk away with lower premiums and two pre-tax accounts to keep even more money in their pockets.
Stratus.HR
OCTOBER 18, 2022
Creating a full wrap document to comply with ERISA (Employee Retirement Income Security Act): 1 hour if digital . Answering employee questions about open enrollment: 1-3 hours . Following-up with outstanding employee enrollments: 1-2 hours . Administering a Flexible Spending Account (i.e.,
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Business Management Daily
NOVEMBER 15, 2021
Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. They may also divide the unused fund among all employees enrolled in the FSA plan.
AssuredPartners
OCTOBER 13, 2022
125 Plan (other than a Flexible Spending Arrangement (FSA)) are permitted to revoke or modify an existing election for family coverage during a plan year in order for one or more family members to enroll in a Qualified Health Plan (QHP) through a Health Insurance Exchange on the individual market.
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.
Higginbotham
JULY 12, 2022
If an employee or a member of the employee’s family experiences a medical emergency, the costs can add up quickly. HRAs may sound like Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs), but there are key differences. The Tax Benefits of Health Reimbursement Arrangements. Manage enrollment.
Benefit Resource Inc.
APRIL 1, 2020
This includes employees’ work benefits, particularly pre-tax accounts. For employees with an HSA, Dependent Care FSA, and/or commuter plan, there may be the opportunity to make changes to their accounts. Here are the main updates employees should know about. Especially compared to other pre-tax accounts, like FSAs.
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