As COVID-19 vaccine distribution continues to ramp up, many employers are considering whether and to what extent they should incentivize the vaccine among employees. Vaccine mandates are unlikely for several reasons, mostly...Read More
HSAs are the most powerful tax-advantaged1 savings tools available. And now savvy health savers are taking advantage of an HSA “hack” that brings even more value and flexibility: Delayed reimbursement. The trick is that you...Read More
It was a year like no other year. And yet, tax season is upon us again. The good news? The dollars you didn’t spend on great adventures in 2020 can earn you great savings on your 2020 tax bill.1 Add a little or add lot to your...Read More
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
December is birthday month for the health savings account (HSA)!
Seventeen years ago, on December 8, 2003, the Medicare Prescription Drug, Improvement, and Modernization Act was signed into law. This legislation replaced the...Read More
The COVID-19 pandemic has been challenging for everyone, but it’s been especially difficult for working families, according to a new national omnibus survey from HealthEquity.
Conducted in the fall of 2020, the survey asked...Read More
Economic pressures from COVID-19 have made managing benefits costs a greater challenge than ever before. Fortunately, there's a lot employers can do to help their organizations build resistance to cost increases.
In this post:Read More
Robust health savings are more important than ever, but most employees aren’t meeting basic benchmarks. Employers can – and should consider – playing a role in correcting this.
In this post:
- Americans have less than $3,000...
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