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With the average American household spending $5,000 per person in healthcare expenses each year, it’s no surprise that Flexible Spending Accounts (FSAs) are so popular. In 2016, nearly half of all employees who worked for private companies had access to an FSA. The employer-sponsored benefits account can save you a >>
Commuting to and from work can be quite costly. While most people don’t give a lot of thought to the costs of commuting as they do to health or child care, it can add up. Between daily tickets for bus or subway rides, parking lot fees, gasoline, and tolls, it >>
Healthcare benefits accounts can be confusing. On first glance, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs) look very similar. However, there are some significant differences between the accounts. A common question for many people is, “What are the differences between an FSA vs HRA >>
Generation Z – you’re young, you’re healthy, and you’re starting to make your presence felt in the workplace. But during benefits enrollment, you may feel overwhelmed. Don’t worry, because you aren’t alone. For many people, open enrollment can be pretty confusing. Your employer is offering healthcare plans and tax-advantaged benefit >>
Health Reimbursement Arrangements (HRAs) – An Overview If your company offers a Health Reimbursement Arrangement (HRA), then you need to know what that means for you. An HRA is an employer-sponsored benefit account funded ONLY by the employer that allows employees to pay for qualified healthcare expenses. There are four >>
For millions of people across the U.S., enrollment season is right around the corner. Each Fall, companies set aside a period of two to three weeks to allow employees to pick and choose which benefits they want for the upcoming year. It’s important to be prepared! After all, these decisions >>
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