Congress recently passed the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), a $2 trillion stimulus bill to aid the recovery from COVID-19. Included in the bill is language that created a temporary...Read More
The $2 trillion Coronavirus stimulus bill, called the CARES Act, is making headlines as the largest rescue package in American history. It also includes several provisions that will make a major impact on those with health...Read More
Note: When this blog article was originally posted, April 15, 2020 was the tax filing deadline for 2019 tax year. With the impacts being felt by COVID-19, the Internal Revenue Service (IRS) has extended the tax filing deadline...Read More
The IRS announced updated contribution limits for 401(k)s and other tax-advantaged accounts1 for 2020. These increases are more than just random numbers – they translate to significant opportunities for your employees to...Read More
It’s Halloween and that means it’s time for our annual “spooky” blog post. Today, we’re going to imagine how certain famous monsters1 could use a health savings account (HSA) to pay for relevant qualified medical expenses.2
Health savings accounts (HSAs) provide many benefits to employees and can be a great way for them to save money on taxes1 and save for the future. However, you as an employer can also benefit from HSAs, and the savings can...Read More
Whether you are a baby boomer nearing retirement, a Generation X’er in the middle of your career or a millennial just starting out, you have at least one thing in common with your co-workers:
You need to prepare for retirement.Read More
HSA. FSA. HRA. HIA.
If you’re confused by the acronyms listed above, you’re not alone. The healthcare industry throws these around and expects everyone to know what they mean. But many people don’t.
For the record, here’s what...Read More