Many organizations are abuzz with excitement over the recent Consolidated Appropriations Act, 2021 (the “Act”), which provides temporary new relief for flexible spending accounts (FSAs). With the legislation, organizations can...Read More
The following is general information provided to assist employers and plan sponsors with their potential COBRA obligations. This is not legal, tax or financial advice. As always, we strongly encourage employers and plan...Read More
Employers offering section 125 cafeteria plans have the option of extending new relief to plan participants following recent guidance from the IRS and the Department of the Treasury.
The guidance, released May 12, 2020, was...Read More
Memorial Day weekend just kicked off the unofficial start of summer, and we’re thrilled to start spending more time outside.
More sun exposure means a greater health risk for the skin, however. For this year’s National...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
A flexible spending account (FSA) empowers employees to pay for certain medical expenses with pre-tax funds. FSAs are popular accounts because of the tax benefits they provide to employees and to their employers.
Here are some...Read More