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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
Read moreWhich 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.
Read moreLSAs 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
Read moreFSA, 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
Read moreCaregivers 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,
Read moreHRA 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
Read moreFSA Carryover: Spend it Down on These Staples
Did your employer’s benefit plan include a Flexible Spending Account (FSA) Grace Period or Carryover option? If you don’t use your full balance last year, you may have extra money to spend. That
Read moreRunning 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
Read moreHoliday 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.
Read moreStay Healthy in the Winter
Now more than ever, it’s important for everyone to work on staying healthy through the winter. From sleep to exercise to how to dress, we’ve got some tips for you. Get outside and suit
Read more2022 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
Read moreEye 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
Read moreIs 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,
Read more9 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,
Read moreTime 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
Read moreARPA 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
Read moreQualified 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
Read moreCOVID-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
Read moreJust 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
Read moreHSA 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
Read moreWhy You Should Keep Your Healthcare Receipts
When you see your physician, 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
Read moreHealth and Dependent Care FSAs: Carryover and Other Temporary Rules for 2021
If you had a health or dependent care FSA in 2020, there is some good news. Just prior to the new year, the Consolidated Appropriations Act, 2021 (often referred to as the second COVID stimulus bill)
Read moreHSA Claim Time Limit: Fact or Fiction?
Having a Health Savings Account (HSA) comes with many perks. There are tax-free contributions, withdrawals, and growth. There are flexible spending options for many qualified healthcare expenses.
Read moreUse-It-or-Lose-It FSA Dollars: Time is Running Out
We have just a few weeks to go before the end of the year – which could be a blessing. Before you ring in the new year, you may need to go on a healthcare shopping spree. There are a lot of people
Read moreChanging Health Insurance Coverage and Your HSA
Health Savings Account (HSA) owners can truly appreciate the abundance of perks of having this healthcare account. First, there is the triple tax savings of tax-free contributions, tax-free withdrawals
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