Tag Archives for " HRA "

ICHRA and EBHRA: New Employee Healthcare Benefit Accounts

The IRS authorized two new types of healthcare benefit accounts in 2019: the Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA (EBHRA). These were (and remain) pretty big news for businesses

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Pot o’ Gold Benefits

With St. Patty’s Day coming up, I’m thinking about leprechauns. We’d all love to have a leprechaun help us find a pot of gold. That’s especially true when thinking about healthcare

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Open Enrollment Tips for Employees

Did you know Santa never holds open enrollment? His staff is sELF-employed! Get it? No? Well, open enrollment can be overwhelming, so I’m trying to lighten the mood and help you get through it more

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Your Mental Health Matters!

I always love to start my blogs with jokes, but mental health is no laughing matter. It’s such an important topic that two awareness initiatives are conducted yearly: May is Mental Health Awareness

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What is an HRA?

Does an apple a day keep the doctor away? Only if you have good aim! HA HA HA! But what if you don’t have good aim but still need a doctor? An HRA may be able to help you pay for that service. If

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What is a Summary Plan Description?

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

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Sleep Relief and Your Benefits

What 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

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Benefits Account Ownership and Portability

Here’s another one of my funny Dad jokes for you. Why did I quit my job at a coffee shop? Because I couldn’t take the daily grind. Get it…grinding coffee. Ha ha ha. Today though I want

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Hearing Loss: Types, Treatments, and Your Benefit Accounts

Hearing loss is a complicated condition with various types and degrees. It can affect everyone, from infants to the elderly, and can be highly challenging to quality of life. Although commercial hearing

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Can I have an HRA and HSA simultaneously?

As 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

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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

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Captain 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

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FSA, 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

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HRA 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

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Holiday 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.

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Eye 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

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Qualified 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. With

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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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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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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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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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VIDEO: 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

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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

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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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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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