If you receive healthcare benefits from your employer, you should be given access to a Summary Plan Description (SPD). Your SPD provides essential details about your company’s benefits plan and
Continue readingWhat do you get when you eat cookies in bed? Crumby sleep! Get it, crummy sleep? That joke may or may not be funny, but what’s definitely not funny is when you do get crummy sleep. Getting enough
Continue readingLots of people love Halloween, and Betty and I love to see the kids in their favorite superhero costumes! (Hint, hint!) People show their spirit by decorating houses and lawns, carving pumpkins, and dressing
Continue readingAs consumer-directed healthcare (CDH) accounts become more popular, people want to know how to make them work best. I’m often asked if someone can simultaneously have an HRA and an HSA. The answer
Continue readingWhat 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 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 readingEvery 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 readingDoes 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 readingIn 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 readingHealth 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 readingIf 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 readingEach 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 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 readingWhen 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
Continue readingIn 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 readingMany 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) works,
Continue readingCaptain 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 readingHealth 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 readingThe 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 readingCaptain 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 readingHealthcare 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 readingHealth 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 reading"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 readingNEFARIOUS 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 readingIn 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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