Category Archives for Blog

Dependent Care Assistance Plan (DCAP) Frequently Asked Questions

If you pay for the care of a child, parent or other tax dependent so that you can work or attend school, you could benefit from a Dependent Care Flexible Spending Accounts (DCFSA), also known as a Dependent

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Eating Disorders Rose During Pandemic

Mental health has generated increased attention since the beginning of the pandemic. With more people experiencing stress, isolation, and financial pressures, talking about their symptoms, and seeking

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IRS Announces 2023 HSA Limits

The Internal Revenue Service (IRS) has published the 2023 contribution limits for Health Savings Accounts (HSAs). They also released the 2023 high deductible health plan (HDHP) minimum deductibles

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Which is Better: FSA or HSA?

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) offer a variety of benefits to account owners. While there are some similarities in the benefits, there are some major differences.

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LSAs Go Beyond the Reach of “Traditional” Benefits

Does your employer offer Lifestyle Spending Accounts (LSAs)? Although used in Canada and other countries for a while now, they’re just now gaining popularity here in the U.S. These accounts are

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FSA, HRA and HSA Benefits Funds on Debit Cards

In a 2019 survey, GOBankingRates found that more than 37% of Americans preferred using cash to credit and debit cards. Since then, the pandemic has shifted many of those opinions as people became concerned

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Caregivers are Superheroes Who Need Care, Too!

Parents know the toll that is caring for their children. When parents have to care for their children and their parents, that toll can increase exponentially. Add working part- or full-time to the mix,

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HRA Basics: Contributions, Eligible Expenses and More

Health Reimbursement Arrangements (HRAs) are employer-owned benefit accounts that allow employees to use tax-free money to pay for qualified medical expenses. This HRA overview will highlight information

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Quit Smoking With Your Benefit Accounts

We all know how bad smoking is for our health, but quitting “cold turkey” can represent a huge hurdle. The good news is that there are several support tools and resources available to those

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FSA Carryover: Spend it Down on These Staples

Did your employer’s 2021 benefit plan include a Flexible Spending Account (FSA) Grace Period or Carryover option? If you didn’t use your full balance last year, you may have extra money to spend

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Running in Cold Weather?

During the winter, much of the country has cold weather and snow. With the new year’s health resolutions in full swing, many people are looking to get healthier, lose weight, or both. But not everyone

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Holiday Tips to Help You Spend Your FSA and HSA Dollars

If enrolled in a Flexible Spending Account (FSA), you may be looking for ways to spend down your balance before the plan year ends. I’ve got some ideas to help you use up those remaining FSA dollars.

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Women and Heart Disease

Did you know that heart disease is the number one killer of women? According to the Centers for Disease Control, approximately 1 in 5 female deaths is attributed directly to this cause. And 1 in 16 women

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Stay Healthy in the Winter

Pandemic numbers are going down, but experts are afraid of a possible winter surge. Now more than ever, it’s important for everyone to work on staying healthy through the winter. From sleep to exercise

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2022 FSA Contribution Limits, Max Carryover, Transit Benefits

In Revenue Procedure 2021-45, the IRS published details on how Flexible Spending Accounts (FSAs) and qualified transportation benefits can be used in 2022. The adjustments accounts for inflation, and

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Tips to Help Employees to Have a Great Enrollment Experience

Each Fall, typically between mid-October and mid-December, 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.

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Eye Care During a Pandemic

Eye care during a pandemic may not seem like a top priority. Taking care of our eyes is always important, both for how we see the world and how the world sees us. But, the COVID-19 pandemic has caused

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Is COBRA Eligibility the Same for Furloughs vs. Layoffs?

Many people who face layoff or furlough wonder if they are eligible for COBRA benefits. It can be scary to go from having group health coverage through work, to having to shop for new coverage. To help,

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9 FSA Eligible Expenses That May Surprise You

With a healthcare FSA, your pre-tax money covers a wide range of common medical expenses. These include doctor visits, surgery and other medical procedures, prescription and over-the-counter medicines,

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Time For Summer Camp! How You Can Maximize Your DCAP Benefits

When the final bell rings at the end of the school year, parents shift to summer camp mode. Time for sunscreen, bug spray, flip flops, swim trunks, and all of those happy, fun things we associate

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ARPA COBRA Premium Subsidy: Am I Eligible?

With the passage of the American Rescue Plan Act (ARPA) in March 2021, Congress approved a limited time COBRA premium subsidy for certain individuals. Here are a list of questions you may have about

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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.

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COVID-19 PPE Eligible For FSA, HRA, HSA

In March 2021, the IRS released Announcement 2021-7, which qualifies PPE bought for the primary purpose of fighting COVID-19 as eligible medical expenses under section 213(d) of the Internal Revenue

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Just Eat It – Nutrition Needs as an Eligible Expense

Did you know you can use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for nutrition eligible expenses? One thing to remember is that eligible medical expenses are strictly

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HSA Funding – Do You Know About This Trick?

Health Savings Accounts (HSAs) are very popular among people with high deductible health plans (HDHPs). With this tax-advantaged benefit, a person can use their HSA to cover a large variety of out-of-pocket

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