Status Change

FSAs, Status Changes, and Contributions

Changes in family status can change health insurance eligibility. But they can also affect consumer-directed healthcare accounts, prompting questions about mid-year status changes. Here’s how family status changes can affect…

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FSA Furlough

How Work Furloughs Affect FSA Accounts

…an employee’s job status changes due to layoff, termination, or retirement, FSA benefits stay behind. Furloughed employees may wonder how their status impacts FSA availability. How is a furlough different…

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benefits strategies

How the Pandemic Changed Benefits Strategies

…decreased feelings of security have affected workers and how the pandemic changes benefit strategies for both employees and employers. How have people been changed by the pandemic? Recent studies show…

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Health FSA and DCAP Carryover Rules Approved for 2021

…years ending in 2021 without a corresponding qualifying life event (change to marital status, birth/adoption or death of a dependent, change in employment status, etc.) Plan Amendments Required These changes…

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DCAP

Tax Relief Changes for CTC and DCAP

…continue to change and become more complex, and employers must be timely and accurate in implementing and communicating these changes. Having the assistance of a third-party benefits administrator (TPA) can…

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COVID-19 relief health plans

Where We Are: COVID-19 Relief and Health Plans

…and benefits consultant: Public Health Emergency Status In January 2020, a Public Health Emergency (PHE) was declared by the Secretary of the Department of Health and Human Services (HHS). During…

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HSA FAQs

HSA FAQs

change HSA contributions mid-year? Yes. You may change the amount you deposit into your HSA account anytime during the plan year. If you make contributions from your paycheck, be sure…

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FSA FAQ

FSA FAQs

…which they can enroll in an FSA. Further, if your family status changes, you may have the option to enroll or change your enrollment depending on the plan setup. Please…

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Summit: DataPath Financial Services (eff 1/1/2024)

…HSAs. HSAs are owned by the account holder and roll over year after year. Even if your employment status changes, the money in the account is yours to keep. Flexibility: You…

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