Category Archives for Blog

FSA: 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

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Dependent 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

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Which 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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How Much Should I Put In My FSA? (Or HSA?)

Enrollment season is here which means you’re probably wondering, “How much should I put in my FSA?” or “How much should I contribute to my HSA?” Budgeting for medical

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2018 HSA Contribution Limits, Minimum Deductibles, and Out-of-Pocket Expenses

HSA owners, rejoice! 2018 HSA contribution limits are going up, as are maximum out-of-pocket expenses and minimum deductibles. Here’s a quick overview and chart of the 2018 HSA parameters.  On May

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FSA, HRA, HSA Benefits Debit Card – Convenient and Secure

Card payments are part of everyday life. No matter where you go – doctors’ offices, pharmacies, grocery stores, retail shops, taxis, subway stations, and more – you can use a credit or

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9 FSA Eligible Expenses You May Not Know About

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 medicines, as well as dental and

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HRA Overview: Contributions, Qualified Expenses, Portability and More

Health Reimbursement Arrangements (HRAs) are employer-sponsored benefit plans that allow employees to withdraw tax-free money to pay for qualified medical expenses. This HRA overview provides valuable

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

Do you commute to and from work in a personal vehicle, using public transportation, or on a bike? Chances are you answered “yes.” Check with your HR department to see if your company offers

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Want to Grow Your HSA? Try Investing

Attention, HSA owners! While HSAs earn tax-free interest, interest rates are at historic lows. There is, however, another way to grow your account quickly. Consider investing your HSA funds to see substantial

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