Category Archives for FSA

FAQ: Can I have an FSA and HSA at the same time?

During enrollment season, a lot of employees wonder, “Can I have an FSA and HSA at the same time?” After all, both accounts are popular and people want to maximize their tax savings and lower

Continue reading

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

During enrollment season, your company will likely be talking about benefits. If you participate in your employer’s plan, you’re probably wondering, “How much should I put in my

Continue reading

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

Continue reading

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.

Continue reading

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

Continue reading

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

Continue reading

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

Continue reading

Tips for Reducing Medical Costs for Healthcare Consumers

The cost of healthcare may be a sizable portion of person’s or families’ annual expenses. In 2020, workers paid an average of $5,588 toward the cost of their coverage. Therefore, it is

Continue reading

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

Continue reading

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

Continue reading

VIDEO: Captain Contributor Explains Benefits Debit Cards

Captain Contributor Explains Benefits Debit Cards No matter where you go – doctors’ offices, grocery stores, retail shops, and more – you can use a debit or credit card to pay for

Continue reading

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,

Continue reading

Benefits Villain Rap Sheets

NEFARIOUS ACTIONS 1) Says if you're fired from your job, you aren't eligible for COBRA benefits.  FALSE!  Eligibility is not affected by the reason you left your job

Continue reading

Back-to-School Shopping with Your FSA or HSA

As the school year gets underway, both parents and kids are in preparation mode! One of the many tasks at hand is back-to-school shopping. It seems like teachers and schools provide a list that’s

Continue reading

VIDEO: Captain Contributor Explains Preparing for Enrollment

Questions About Enrolling in Your Benefits A lot of people don’t fully understand their benefits package, and blindly make important healthcare choices. This year, challenge yourself to do

Continue reading

Keep the Summer Fun Going with your FSA!

Every year, many people look forward to the return of summer! The sun is out, the weather is warm, and everybody is getting outdoors. Whether you’re looking to have fun at the beach, hang out

Continue reading

Recognizing Symptoms and Getting Treatment for PTSD

Post-Traumatic Stress Disorder, also known as PTSD, is a common condition suffered by millions of people. PTSD affects approximately 3.5 percent of all adults in the United States. It is also estimated

Continue reading

More Online Retailers Accept Benefits Cards

Amazon.com accepts pre-tax healthcare benefits cards as a form of payment. The giant online retailer joins other companies, like FSAStore.com, HSAStore.com, and Walgreens, (among others) as online

Continue reading

Your Mental Health Matters – Fighting Stigmas and Getting Treatment

Mental health is such an important topic that it has an awareness month in May, and an awareness day in October. There continues to be a lot of stigma around mental health, but according to National

Continue reading

Maximize Your FSA with Your FSA Debit Card

It’s no secret – using a debit (or credit) card is super convenient. You can use them just about anywhere and for just about anything. Grocery stores, pharmacies, gas stations, clothing shops,

Continue reading

What is a Summary Plan Description?

If you receive healthcare benefits from your employer, you should have access to a Summary Plan Description (SPD). In a nutshell, the SPD provides important details about your company’s benefits

Continue reading

Get Your Zzzz’s: Sleep, Wellness & Benefit Accounts

Is this the stuff of nightmares? 25 percent of adults in the U.S. report poor sleep health. While it may not seem scary on the surface, a lack of good sleep can be detrimental to your overall health and

Continue reading

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,

Continue reading

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

Continue reading

FSA Deadlines You Need to Know

If you used a Flexible Spending Account (FSA) this year, there are some FSA deadlines you need to know about. When the end of your plan year arrives, you may still have the option to take advantage of

Continue reading