Category Archives for Blog
Overview on Flexible Spending Accounts
Let’s Talk about Flexible Spending Accounts (FSAs)! An FSA is an employer-sponsored benefit account that enables employees to set aside funds from each paycheck, before taxes, to help pay for out-of-pocket
Continue readingPreparing for Enrollment Season – 5 Tips for Employees
For millions of people across the country, enrollment season is right around the corner. Each Fall, companies set aside a period of two to three weeks that allows employees to pick and choose which benefits
Continue readingHeading Back to School with your Healthcare Benefits Account
For many kids across the country, school is getting ready to start up again (if it already hasn’t). In addition to pens, pencils, binders, new clothes and new shoes, there are some healthcare needs that
Continue readingNew Video: Captain Contributor and the FSA Pastry Problem
Just released for 2018, Captain Contributor and Betty the Benefactress are back again in a new video about Flexible Spending Accounts (FSAs)! In this exciting new adventure, the city is under siege and
Continue readingUnderstanding How Changing from Individual to Family Coverage Affects Your HSA Contributions
If your status changes during the plan year, it can affect how much you can contribute to your Health Savings Account (HSA) for that year. Learn how a person’s HSA contribution limits can change due
Continue readingWhy Should I Keep My Healthcare Receipts?
After you see your doctor, visit the pharmacy, or make another healthcare-related purchase, you may wonder “Why should I keep my healthcare receipts?” Whether the expense was for yourself or a qualified
Continue readingMan-care: Healthcare Spending Tips and Ideas for Men
June is National Men’s Health Month. Gentlemen, if you have a healthcare benefits account, like a Flexible Spending Account (FSA) or Health Savings Account (HSA), you have a great tool at your fingertips
Continue readingGet Ready for Summer with your FSA!
Summer is here! The sun is out, the weather is hot, and people are getting outdoors. You’re looking to have fun at the beach, hanging out by the pool, going camping, or sending kids off to summer
Continue readingTips for Reducing Medical Costs for Healthcare Consumers
Healthcare costs are constantly on the rise. Here are some tips for reducing medical costs for those who consider themselves healthcare consumers. Are you a healthcare consumer? The term has become popular
Continue readingFSA Primer: Health FSAs, LPFSAs, and Dependent Care FSAs
Did you know that Flexible Spending Accounts (FSAs) aren’t just for healthcare expenses? In fact, there are three common variations to the FSA. Each has its own purpose, but they’re all employer-sponsored
Continue reading‘When Can I Sign Up for an FSA?’ and Other FSA FAQs
Flexible Spending Accounts (FSAs) are popular employer-sponsored benefits. In 2016, nearly half of all employees who worked for private companies had access to an FSA. Here are some FSA FAQs. FSA FAQs What
Continue readingIntroducing COBRA and Betty the Benefactress!
Hey folks. It’s a tough job being a benefits superhero. Not only do you have to be knowledgeable, but you also have to be ready at a moment’s notice. You never know when someone will need a hand. Fact
Continue readingCOBRA Insurance: 5 Important Things to Know
When it comes to employer-sponsored group health plans, COBRA insurance acts as a safety net for American workers. If you have a qualifying event that causes you to lose coverage, COBRA makes sure that
Continue readingHaving an HRA and HSA: The Best of Both Worlds
As the popularity of consumer directed healthcare (CDH) accounts rises, people want to know how they can get the most value out of them. When it comes to two pieces of the CDH puzzle, one frequently asked
Continue readingHSA Funding – Do You Know About This Trick?
Health Savings Accounts (HSAs) are very popular among those with high deductible health plans (HDHPs). A person enrolled in a qualified HDHP can open an HSA and use the account to cover a large variety
Continue readingTips to Help You Become a Better Healthcare Consumer
What is a healthcare consumer? For many people, the term patient comes to mind. The terms are nearly synonymous, but there are some slight differences – mainly cost considerations and amount of involvement.
Continue readingHealth and Wellness Holiday Tips to Help Maximize FSA and HSA Benefits in 2018
It’s the holiday season and we all know what that means. Many of us are letting loose, shopping, cleaning the house, preparing rich, delicious foods for get-togethers. Not only are we trying to enjoy
Continue reading“When Can I Open an HSA?” and other HSA FAQs
When people learn about Health Savings Accounts (HSAs), they have a lot of questions. One of the most frequently asked questions (FAQs) about HSAs is, “When can I open an HSA?” I have an answer
Continue readingFAQ: Can I have an FSA and HSA at the same time?
For Health Savings Account (HSA) owners, a common question is, “Can I have an FSA and HSA at the same time?” Generally speaking, you cannot have a health Flexible Spending Account (FSA) and
Continue reading5 Reasons You Should Sign Up for a Benefits Debit Card
If your company sponsors Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) or Transit/Commuter benefit accounts, you may be given the option
Continue readingHSA Contributions, Distributions, and Penalties
For those people who are enrolled in a high deductible healthcare plan (HDHP), you either own a Health Savings Account (HSA) or hopefully are considering one. HSAs provide participants with several significant
Continue reading2018 FSA Contribution Limits, Transportation and QSEHRA Benefit Increases
The Internal Revenue Service (IRS) recently published the updated 2018 contribution limits for health Flexible Spending Accounts (FSAs), Transportation benefits, and Qualified Small Employer Health Reimbursement
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 readingDependent Care Assistance Plan (DCAP) – Eligibility, Expenses, and More!
Hey, parents! Let’s talk about Dependent Care Flexible Spending Accounts, also known as a Dependent Care Assistance Plan (DCAP). I’ll cover contribution limits, dependent requirements, eligible
Continue readingWhich is Better: an FSA or HSA?
A common question people ask at enrollment meetings is Which is better: an FSA or HSA? The answer to this question is not as simple as it seems. The two accounts are very similar, but they have some
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