Category Archives for Blog

Qualified Healthcare Expenses for FSAs and HSAs

When you participate in a healthcare benefits account, such as a Flexible Spending Account (FSA) or Health Savings Account (HSA), you set aside money to help cover out-of-pocket healthcare expenses. With

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HRA Plan Types: An Infographic by Captain Contributor and Betty the Benefactress

Health Reimbursement Arrangements (HRAs) are a key part of consumer directed healthcare and employer-sponsored benefits. In recent years, HRAs have had renewed interest from both employers and workers

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Tax Deadline Tip: HSA Contributions for the Previous Year

The IRS announced that the 2020 tax filing deadline has been extended to July 15, 2020. If you have a Health Savings Account (HSA), here’s some interesting news: you can make HSA contributions for

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Love Your FSA/HSA: 6 Reasons to Embrace Your Benefits

“All you need is love …” We’ve all heard that before, but is it really true? Fact is, being in a loving relationship provides all sorts of health benefits. Fewer doctor’s visits, less depression

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Tips for Reducing Medical Costs for Healthcare Consumers

The cost of healthcare is no laughing matter. In 2019, workers paid an average of $6,015 towards their health coverage, and the average annual out-of-pocket cost in the United States was $1,150 per person!

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LPFSA Tips: A Benefits Account Made to Help You Smile

When you have a Health Savings Account, you can also sign up for a Limited Purpose Flexible Spending Account (LPFSA). Having both accounts is a great way to save even more on taxes and cover those necessary

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Christmas and Your FSA: Creative Ways to Stuff Stockings

With just a few days before the end of the year, Flexible Spending Account (FSA) owners may need to spend down their balances. Due to use it or lose it (and even if you have the $500 carryover), losing

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HSA Contributions: Five Things You May Not Know

Every year, Health Savings Account (HSA) owners have to figure out how they’ll fund their accounts. If the HSA is through their employer, they can make pre-tax contributions each pay period. But did

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FSA FAQs: ‘When Can I Sign Up for an FSA?’ and Other Questions

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

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Commuter Benefits Accounts – Tax Relief, Reimbursements, Qualified Expenses, and More!

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

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FSA vs HRA vs HSA: A Comparison with Chart

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,

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Generation Z: Why an HDHP with HSA makes sense

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

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HRA Overview

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

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Preparing for Enrollment Season – 5 Tips for Employees

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

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Building Your HSA: Growth and Investing Tips

Attention, Health Savings Account (HSA) owners! Growing your HSA may seem challenging, but it’s possible. Check out these tips for building your HSA from the ground up. What is an HSA? For people

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Back-to-School Shopping with Your FSA or HSA

August is here, which means the school year has just begun (or is about to begin) for students across the country. If you have a Flexible Spending Account (FSA) or Health Savings Account (HSA), you can

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ICHRA and EBHRA: New Employee Healthcare Benefit Accounts

In June, the IRS announced two new employee healthcare benefit accounts: the Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA (EBHRA). This is pretty big news for businesses and employees!

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Keep the Summer Fun Going with your FSA!

Summer is in full swing across the country! The sun is out, the weather is warm, and everybody is getting outdoors. Whether you’re looking to have fun at the beach, hang out by the pool, go camping,

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Recognizing Symptoms and Getting Treatment for PTSD

Post-Traumatic Stress Disorder, also known as PTSD, is a common condition suffered by millions of people. PTSD affects approximately 3.5 percent of all adults in the United States; it is also estimated

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HSA FAQ: What Happens to My HSA When I Die?

As enrollment in high deductible health plans grows, so does the number of people with a Health Savings Account (HSA). HSAs are great for saving money on taxes and healthcare expenses. Plus, the HSA is

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More Online Retailers Accept Healthcare Benefits Cards

Earlier this year, Amazon.com announced it will now accept pre-tax healthcare benefits cards as a form of payment. The giant online retailer joins other companies, like FSAStore.com, HSAStore.com, and

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Your Mental Health Matters – Fighting Stigmas and Getting Treatment

May is Mental Health Awareness Month, making it a great time to talk about this sensitive subject (October 10 is World Mental Health Day). There is a lot of stigma around mental health, but according

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Maximize Your FSA with Your FSA Debit Card

It’s no secret – using a debit (or credit) card is super convenient. You can use them just about anywhere and for just about anything. Grocery stores, pharmacies, gas stations, clothing shops, doctors’

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What is a Summary Plan Description?

If you receive healthcare benefits from your employer, you should have access to a Summary Plan Description (SPD). In a nutshell, the SPD provides important details about your company’s benefits

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Get Your Zzzz’s: Sleep, Wellness and Your Benefits Accounts

Is this the stuff of nightmares? 25 percent of adults in the U.S. report poor sleep health. While it may not seem scary on the surface, a lack of good sleep can be detrimental to your overall health and

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