Category Archives for Blog
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
Continue readingChristmas 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
Continue readingHSA 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
Continue readingFSA 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
Continue readingCommuter 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
Continue readingFSA 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,
Continue readingGeneration 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
Continue readingHRA 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
Continue readingPreparing 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
Continue readingBuilding 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
Continue readingBack-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
Continue readingICHRA 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!
Continue readingKeep 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,
Continue readingRecognizing 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
Continue readingHSA 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
Continue readingMore 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
Continue readingYour 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
Continue readingMaximize 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’
Continue readingWhat 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
Continue readingTax Deadline Tip: HSA Contributions for the Previous Year
If you have a Health Savings Account (HSA), here’s some interesting news: you can make HSA contributions for the previous year before the tax deadline! Does that sound too good to be true? As outlined
Continue readingGet 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
Continue readingHeart health: Heart disease risk factors and ways you can get healthier
February is American Heart Month, which is pretty convenient with Valentine’s Day falling right in the middle. With that in mind, I have researched some facts about heart disease, risk factors, and
Continue readingFSA: Use it or Lose it, Carryover, Grace Period and Run Out
Flexible Spending Accounts (FSAs) – if you signed up for one, chances are you’ve heard a few terms that you may or may not be familiar with. FSAs are great tools for helping you save money
Continue readingChanging Health Insurance Coverage and Your HSA
Health Savings Accounts offer a slew of excellent benefits for account owners. In addition to the triple tax savings of tax-free contributions, tax-free withdrawals for eligible expenses, and tax-free
Continue readingFSA Deadlines You Need to Know
If you used a Flexible Spending Account (FSA) last year, there are some FSA deadlines you need to know about. While the end of the plan year has passed for most people, you may still have the option to
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