Webinar Q&A: Your Top Questions About the New HSA Rules
Health Savings Accounts are undergoing some of the most significant changes in more than 20 years. Recent legislation and IRS guidance have expanded HSA eligibility, made the telehealth safe harbor permanent, clarified Direct Primary Care compatibility, and introduced other important updates that employers and brokers should understand before open enrollment. Our recent webinar generated dozens...
In March, Congress passed the Coronavirus Aid, Relief, and Economic Secutiry Act. This page contains news, videos and Frequently Asked Questions about the CARES Act. April 6, 2020 – WASHINGTON – The CARES Act includes the Paycheck Protection Program, which guarantees loans to small businesses affected by COVID-19. Ameriflex Senior Counsel, Donna Wilkinson, explains the details in…
Keep your employees safe and financially secure when disaster strikes Under IRS Code Section 139, a Qualified Disaster Relief (QDR) account gives employers the ability to reimburse their employees for disaster-related expenses resulting from COVID-19 on a pre-tax basis. Employers may make payments to cover the increased per-employee costs such as: Personal, family, living or funeral expenses…
If you have a Flexible Spending Account (FSA) or a Health Reimbursement Account (HRA), you may have received an email requesting a receipt for a purchase you made – even for an expense that was perfectly eligible. You might be wondering why your card was initially approved and then after your purchase you’re asked to…
You’ve seen this movie a thousand times. There’s only a handful of weeks left in the plan year, and unless your employer offers an FSA rollover, you’re rushing to use any money you still have in your Flexible Spending Account (FSA) or it will be forfeited. If you’re like the 44% of people surveyed who…
If you are in the business of selling, providing, or administering tax-advantaged health plans, you likely already understand the benefits of a flexible spending account (FSA). But for the millions of people who don’t, the benefits can seem rather unsubstantial. That’s why it is your job to articulate these benefits in a way that people…
Across the nation, tons of companies are jumping on the HSA and HSA- qualified high-deductible health plan train. But, before you dive in, both employers and employees have questions about how to make it work. Here are some frequently asked questions you might have before rolling out a successful HSA offering. How do I spread…
At an orientation session for my first real job out of college, many (many) years ago, an HR manager explained to our new hire class the benefit of investing in the company 401(k) plan. For a 20-something living paycheck to paycheck, seeing any dollar amount, no matter how small, disappear into an investment vehicle instead…
Comparing three of the most common tax-advantaged benefits: Flexible Spending Account (FSA) Health Savings Account (HSA) Health Reimbursement Account (HRA) Choosing the account that best fits your needs is essential for getting the most out of your benefits during the plan year, but it can also impact the future. Let’s take a closer look. What…
The provisions of the federal COBRA law provide a valuable benefit to employees. The COBRA acronym is shorthand for the Consolidated Omnibus Budget Reconciliation Act of 1985. It requires employers of 20 or more employees who provide healthcare benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits…
Flexible spending accounts (FSA) and health savings accounts (HSA) are creatures of the federal tax code, which is notoriously complicated. To try to make things easier, we in the benefits industry sometimes use shorthand, but sometimes these only complicate things further, especially to those unfamiliar with benefits such as FSAs and HSAs. Especially confusing are…