Rising healthcare costs are a growing concern for employees and employers alike. With premiums, deductibles and out-of-pocket expenses increasing, employees may struggle to afford necessary care. As an employer, you have the power to support your workforce by providing cost-saving solutions and promoting smarter healthcare decisions. Here’s how you can help employees navigate and reduce...
The IRS recently announced the 2026 Limits for HSAs, HDHPs and EBHRAs! Learn more about these limits below! The new 2026 limits are: HSA Annual Contributions Single $4,400 per year Family $8,750 per year HDHP (self-only coverage) $1,700 minimum deductible $8,500 out-of-pocket limit HDHP (family coverage) $3,400 minimum deductible $17,000 out-of-pocket limit EBHRA $2,200 ...
Employee benefits are a critical component of workplace satisfaction and overall wellness. However, traditional benefits programs are often riddled with complexity, making it challenging for employees to fully understand and utilize their options. Simplification is the key to driving better engagement, increasing participation and reducing administrative burdens for HR teams. This is the first part...
Tax season is in full swing and as the April 15 filing deadline approaches, employees are looking for ways to maximize their savings. One often-overlooked strategy? Taking full advantage of pre-tax benefits. These employer-sponsored programs can help you reduce your taxable income and keep more of your hard-earned money. What are Pre-Tax Benefits? Pre-tax...
When it comes to using pre-tax health accounts like health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), you may assume that all medical expenses are automatically covered. However, certain expenses require additional documentation to be considered eligible. That’s where a letter of medical necessity (LMN) comes in. If you’ve ever...
March is Women’s History Month, a time to celebrate the achievements of women across industries—including finance. While women have made incredible strides in wealth-building and financial independence, there are still areas where confidence lags. One of those areas is investing in health savings accounts (HSAs). Despite their powerful benefits—including triple-tax advantages, long-term savings potential and...
With the 2024 U.S. election potentially leading to significant shifts in employment laws and employee benefits, it’s crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration. Employers who proactively...
February is Heart Health Awareness Month, a time to focus on cardiovascular wellness and encourage employees to take proactive steps toward a healthier heart. Heart disease remains the leading cause of death in the U.S. but the good news is that lifestyle changes, preventive care and employer-sponsored benefits can make a significant impact. By leveraging...
For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA) or any...
The end of the year is almost approaching! If you have money left in your FSA account, be sure to use it before 2022 rolls around. Feminine care, acne/skincare and...
So, you’ve found out that your employer offers a Health Reimbursement Arrangement (HRA), but you don’t know the details of the plan or how it works. Check out the link...
Children depend on adults for a lot of things, and healthcare is one of them. Opening a dependent care FSA allows you to pay for expenses relating to caring for...
Open enrollment is around the corner for many of you. It’s your best chance to evaluate your healthcare needs and find opportunities to save money. However, a whopping 92 percent...
Our office will be closed November 25 and 26 to celebrate Thanksgiving. Thank you for understanding, and have a great holiday.
Want to find a way to put more money in your pocket while still saving health-related funds? Learning about a medical FSA may be in your best interest. Watch our...
Open Enrollment is happening for many of our clients, and we’ve been out and about educating employees about their benefits. For more information, check out our website at https://bit.ly/2FbbqPQ
Check out important information from the IRS for 2022 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more below.
Tax-free contributions. No “use-it-or-lose-it” rule. Easy account access. These reasons and more are why you should consider enrolling in an HSA. Want to learn more? Check out the resources on...
Glasses – including sunglasses and reading glasses – are one FSA-eligible expense people may not think of using their funds on. Check out why seeing the world through a better...
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