In a move toward enhancing healthcare accessibility, the IRS has released Notice 2024-75, expanding the list of preventative care coverage allowed under high deductible health plans (HDHPs). This update allows certain preventative care services and products to be provided without…
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Do Health Savings Account (HSA) providers have the secret weapon for cost-effective employee benefits? In today's rapidly evolving marketplace, where every dollar counts, companies face the perpetual challenge of managing healthcare costs while still offering competitive benefits packages. Enter the…
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Open enrollment communications are pivotal to a successful open enrollment process. Good communications are also a strategic opportunity to boost FICA savings for your company. Most companies do a one-time information blast to their employees about their options, resulting in…
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Some employees may be able to eliminate more taxes next year and save more money because the IRS has announced new increased contribution limits to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), commuter benefits, and more for 2024. The…
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Some employees may be able to eliminate more taxes next year because the IRS has announced new increased contribution limits to Flexible Spending Accounts (FSA) and commuter benefits for 2023. This is in addition to the Health Savings Account (HAS)…
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On June 24, 2022, the U.S. Supreme Court upheld Mississippi’s restrictions on abortion, a ruling that may lead employers to revise their employee health care benefits to include medical travel benefits. The SCOTUS decision overturns Dobbs v. Jackson Women’s Health Organization,…
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Face masks FSA, HSA, and HRA eligible retroactively back to January 1, 2020 A new IRS Notice just made COVID-related personal protective equipment (PPE) like hand sanitizer and face masks FSA (flexible spending accounts) and HSA (health savings accounts) eligible,…
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Answers to frequently asked CARES Act Questions On March 27, 2020, the federal government passed and signed into law the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, that includes a wide-ranging set of emergency funds and relief…
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New HSA research demonstrates HSA owners are 80 percent more likely to be saving aggressively. But only 11 percent have maxed out their contributions. Alegeus, a SaaS platform for managing consumer-directed health plans (CDHPs), released part one of its two-part…
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