Category Archives for Blog

Should I Sign Up for a Flexible Spending Account?

Between September and December many companies start allowing their employees to sign up for benefits for the next year – which often includes health, dental, life and vision insurance. Some businesses

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Pop Quiz! How Well Do You Know Your FSA/HSA Eligible Expenses?

It’s time for a pop quiz! Test your knowledge of eligible expenses for Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) with the following questions. The answers are below.

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“When Can I Open an HSA?” and Other HSA FAQs

Health Savings Accounts (HSAs) tend to generate a lot of questions from participants and people interested in opening an account. One of the most frequently asked questions (FAQs) about HSAs is, “When

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Virtual Day Camp: Is this a DCAP Eligible Expense?

Back during enrollment season, many parents signed up to participate in a Dependent Care Assistance Plan (DCAP) through their employer. The intention behind a DCAP is that it allows people to put

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Man-care: Health and Eligible Expenses for Men

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 to help you manage your personal

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2021 HSA Contribution Limits, Out-of-Pocket Max and HDHP Min. Deductibles

On Tuesday, May 20, the IRS published the 2021 rates for Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). Next year, starting on January 1, HSA owners will see an increase

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Benefit Election Change – Can I Update My FSA or DCAP?

By participating in your employer’s benefit plan, you probably have a lot of questions. How can I spend my benefit money? How much do I need to contribute to my account? Can I make a benefit election

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HRA Plan Types: An Infographic by Captain Contributor and Betty the Benefactress

Health Reimbursement Arrangements (HRAs) are a key part of consumer directed healthcare and employer-sponsored benefits. In recent years, HRAs have had renewed interest from both employers and workers

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Love Your FSA/HSA: 6 Reasons to Embrace Your Benefits

“All you need is love …” We’ve all heard that before, but is it really true? Fact is, being in a loving relationship provides all sorts of health benefits. From less depression and substance

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Tips for Reducing Medical Costs for Healthcare Consumers

The cost of healthcare may be a sizable portion of person’s or families’ annual expenses. Therefore, it is important for people to know how they can become better healthcare consumers

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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

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HSA 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

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FSA 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. According to the Bureau

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Commuter 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

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FSA 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,

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Generation 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

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HRA Overview

Health Reimbursement Arrangement (HRA) Overview An HRA is an employer-sponsored benefit account funded ONLY by the employer. These accounts help employees pay for qualified healthcare expenses.

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Building 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

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ICHRA and EBHRA: New Employee Healthcare Benefit Accounts

In June 2019, 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!

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Heart health: Heart disease risk factors and ways you can get healthier

Every 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,

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COBRA Overview

COBRA Insurance - An Overview COBRA coverage allows employees to keep their healthcare coverage under their employer’s group plan after they have a qualifying event that would result in

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Tax-Free Talk, Enrollment Season Podcast, Ep. 3

Tax-Free Talk is a special benefits enrollment season podcast featuring host, Kathy Claimant. In this third installment of Tax-Free Talk, an enrollment season podcast, benefits superhero Captain

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Tax-Free Talk, Enrollment Season Podcast, Ep. 2

Tax-Free Talk is a special benefits enrollment season podcast featuring host, Kathy Claimant. In this second edition of the Tax-Free Talk enrollment season podcast, Kathy Claimant follows benefits

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Transit Overview

Transit / Commuter Accounts Overview The costs of traveling to-and-from work can add up quickly! With a Transit (aka Commuter) account, sponsored by your employer, you can set aside money

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Tax-Free Talk, Enrollment Season Podcast, Ep. 1

Tax-Free Talk is a special benefits enrollment season podcast featuring host, Kathy Claimant. In this funny, informative and engaging serial, Kathy Claimant hosts benefits superhero Captain Contributor.

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