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How to Become a Better Healthcare Consumer
What is the difference between a patient and a healthcare consumer? Many consider the terms synonymous, but there are some distinct differences. Primarily, a patient receives care, but a healthcare consumer
Continue readingCaptain Contributor Explains ICHRAs
Captain Contributor Explains ICHRAs An Individual Coverage Health Reimbursement Account, or ICHRA, is a special type of HRA that employers can use to help employees obtain health insurance
Continue readingBack to School and Your Benefits Accounts
Every parent knows how expensive the back-to-school period can be. In addition to clothing and school supplies, there are eye exams, updated eyeglass and contacts prescriptions, sports physicals, dental
Continue readingTop 5 Reasons You Need a Benefits Debit Card
Does your company sponsor Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) or Transit/Commuter benefit accounts? If they do, they may offer you
Continue readingFSA, 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
Continue readingHRA 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
Continue readingHoliday 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.
Continue readingTips to Help Employees to Have a Great Enrollment Experience
Each Fall, typically between mid-October and mid-December, companies set aside a period of two to three weeks to allow employees to pick and choose which benefits they want for the upcoming year.
Continue readingEye 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
Continue readingQualified 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.
Continue readingCOVID-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
Continue readingHow Does an HRA Work?
Many employers offer Health Reimbursement Arrangements (HRAs) as part of their benefits package. While most people understand how a Flexible Spending Account (FSA) or Health Savings Account (HSA)
Continue readingVIDEO: Captain Contributor Explains Benefits Mobile Apps
Captain Contributor Explains Benefits Mobile Apps Smartphones are probably an everyday part of your life, but did you know you can use them for easy access to your benefits accounts? Whether
Continue readingHRA 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
Continue readingTips 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 readingVIDEO: 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 readingFSA 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 readingHRA 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.
Continue readingVIDEO: Betty the Benefactress Explains HRAs
"HRAs may seem complicated, but they’re actually easier to understand than you think. Check out this HRA video with me and Captain Contributor. You’ll get great information about
Continue readingBenefits 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 readingICHRA 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!
Continue readingRecognizing 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 readingWhat 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 readingGet 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 readingHeart 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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